According to PV's records in mid-February 2025, despite the serious deterioration, many collective houses in the Expert area are still being advertised for sale at prices ranging from a few tens of millions to 200 - 300 million VND/unit.
All apartments do not have a land use right certificate, if they are bought and sold, it is only a handwritten document and a house rental contract transfer. However, due to its prime location and affordable prices, it has become a hot item on the market, attracting many people's attention.
Ms. Vu Thi Huyen Trang - a real estate broker with many years of experience in Hoa Binh City said: "Real estate brokers are located on each staircase, each apartment that the owners ask to sell or rent. The buying and selling work is still bustling like other newly built apartment buildings".
According to Ms. Trang, apartments designed more than 40 years ago should deteriorate inevitably. However, the apartments that the owner has carefully renovated and renovated have become very beautiful and fully meet the needs of modern life.
"Currently, single apartments with an area of 32-38-40 m2 range in price from only 20-120 million/apartment, double apartments with an area of 68 70 70 m2 range in price from 80'350 million/apartment. Different prices are due to the owner leaving furniture or having to spend little or much to renovate the apartment. After buying, we changed the lease to the new owner, said Ms. Trang.
Mr. Tran Duy Hung bought back the rental contract at the 34-35 stairs that he had been in for 9 years. The family currently has 4 members, living on the first floor of a 68 m2 apartment, said: "The initial area of the rooms here is about 18 square meters. After that, many apartments were expanded to tiger cages, expanding the usable area to over 30m2".
Mr. Hung shared that the reality is that when buying and selling, it is only a lease with a management company. After buying, the management company still costs 100,000500,000 VND per month depending on the building, apartment area and floor.
"There are many reasons why apartments like this are still crowded with people, mainly low-income people and newlyweds... There are many speculations that the expert area will have to be relocated, but up to now, the households of more than 30 houses are still living and living normally," the man added.
Mr. Dinh Anh Hoang - Chairman of Huu Nghi Ward People's Committee said that the expert area is currently under the management of Hoa Binh Housing and Construction Investment Joint Stock Company. All apartment transactions are essentially just a transfer of a rental contract, which has led to many problems in management, and there are still many shortcomings that need to be resolved.
"The Experts' Housing Area is located on Hill 79 in Huu Nghi Ward, Hoa Binh City, and was once reserved for Soviet experts during the construction of the Hoa Binh Hydropower Project. Up to now, after decades of use, residential areas have all seriously degraded. However, the Specialist housing area is not currently subject to emergency relocation, Mr. Hoang added.
