Hunting for a 50-year ownership apartment

ANH HUY |

The price of long-term houses is increasing, while the affordable 50-year apartments are sought after by many people.

In recent years, apartments with a 50-year ownership period have gradually attracted a large number of customers in the Hanoi market. Typical examples include The Nosta 90 Duong Lang apartment building (Hanoi), Rose Town apartment building (Thanh Tri district), MHDI apartment building (Nam Tu Liem district), Phuong Dong Green apartment building (Hoang Mai district) or the Hasco high-rise apartment project in Tran Phu, Ha Dong district, Hanoi.

According to the reporter's records, a high-rise apartment building located in Van Quan ward (Ha Dong district) is constructing two buildings, 45 and 50 floors high.

Mr. Thanh Chuong - a broker - said that in the project there are only a few apartments with a 50-year ownership period left and many people are interested in finding them.

According to Mr. Chuong, the selling price of a 50-year ownership apartment is around 40 million VND/m2, much lower than the long-term apartments in the project being transferred at a transfer price of around 65 million VND/m2.

While researching the project, Mr. Nguyen Van Hung (in Ha Dong district) said he was interested in the project because the asking price was quite cheap, about 39 million VND/m2. This price is suitable for his family's payment ability.

"Compared to projects around here that are selling old houses for 65-70 million VND/m2, the 50-year ownership apartment being offered at the above project is 25-30 million VND/m2 lower. Because of the low price, there will be limitations on usage rights and I accept that" - Mr. Hung shared.

To get an apartment in the central area of ​​Hanoi, many customers accept to buy a 50-year apartment because the price is not too high, suitable for the financial capacity of many people.

Ms. Bui Thi Mai (from Hai Phong) shared that in early 2023, she and her husband decided to buy an apartment to settle down in Hanoi. After researching several projects, they found a few satisfactory apartments. However, due to financial capacity, it was not easy for them to buy a house in the central area.

At that time, a real estate broker introduced her to a 50-year apartment project in Thanh Xuan district. This project consists of 3 apartment buildings, 2 of which have long-term pink books, priced at over 55 million VND/m2.

The apartment building has a 50-year term, and the price is much cheaper, only 35 million VND/m2. Previously, this building was licensed as an office, then the investor changed its function.

After discussing with her husband, Ms. Mai decided to buy an apartment with a 50-year ownership period. Ms. Mai said that all buildings inherit the common facilities of the project, only the ownership period is different.

"My family doesn't have enough money right now, so we'll buy it first and then convert it later when we have money," said Ms. Mai.

Mr. Nguyen The Diep - Vice President of Hanoi Real Estate Club - analyzed that apartments with limited ownership terms have the advantage of lower selling prices compared to long-term apartments.

However, the transfer will be more difficult because the time is gradually shortened. When capital is needed, this apartment can be mortgaged to the bank for a lower amount than a long-term apartment.

ANH HUY
TIN LIÊN QUAN

Wave of withdrawal from luxury apartments

|

Hanoi - The high rental price of luxury apartments at the end of the year has caused many tenants to face great financial pressure.

Living in a small "matchbox" apartment

|

To survive in big cities with high living costs, many young Asians accept living in apartments as small as “matchboxes,” according to an article on CNA.

Tenants withdraw from serviced apartments at the end of the year

|

Hanoi - The rental price of serviced apartments in some central districts of Hanoi is skyrocketing, forcing many people to return or stop renting.

GDP in the first 6 months of the year increased by 7.52%, highest in the period 2011-2025

|

GDP in the first 6 months of 2025 increased by 7.52% over the same period last year, the highest level in the first six months of the year in the period 2011-2025.

The career of Vietnamese actors owning National Treasures before retiring

|

Vietnamese actors own National Treasures with a huge film fortune.

Continue to reorganize and organize mass associations assigned by the Party and the State

|

The Party Committee of the Fatherland Front and Central organizations lead and direct the continued arrangement and reorganization of mass associations assigned by the Party and the State.

Russia escalates airstrikes, Mr. Zelensky and Mr. Trump phone calls

|

Ukrainian President Zelensky said he had held a phone call with US President Trump to discuss strengthening Kiev's air defense capabilities.

President attends Diogo Jota memorial service, thousands of people mourn

|

The Portuguese President and thousands of people were present in Gondomar to bid farewell to Diogo Jota - the football star who just passed away after a tragic accident.

Wave of withdrawal from luxury apartments

Thu Giang |

Hanoi - The high rental price of luxury apartments at the end of the year has caused many tenants to face great financial pressure.

Living in a small "matchbox" apartment

phương linh |

To survive in big cities with high living costs, many young Asians accept living in apartments as small as “matchboxes,” according to an article on CNA.

Tenants withdraw from serviced apartments at the end of the year

Thu Giang |

Hanoi - The rental price of serviced apartments in some central districts of Hanoi is skyrocketing, forcing many people to return or stop renting.