Hunting for commercial housing priced at 2-3 billion VND

Thu Giang |

Hanoi - Many people living and working in Hanoi are looking to buy commercial houses priced at 2-3 billion VND/unit.

Talking to Lao Dong reporter, Mr. Tran Van Hung (renting a room in Thanh Xuan district) shared that he and his wife were surprised when housing prices in Hanoi recently increased rapidly, fluctuating at 4-6 billion VND/unit in the inner city, depending on the segment.

According to Mr. Hung, not only in the inner city, many commercial houses in the suburbs have also recently seen skyrocketing prices. Recently, his family has been looking to buy apartments with a selling price of 2-3 billion VND, suitable for financial needs in Hoai Duc district.

"In 2021, the price of a 2-bedroom house in the inner city was only about 2-2.5 billion VND/unit, depending on the area. Up to now, the selling price of commercial housing is fluctuating around 4-6 billion VND/unit, nearly doubling and showing no signs of stopping" - Mr. Hung added.

Due to the high price in the inner city, Mr. Nguyen Trung Kien's family (renting a house in Cau Giay district) has had to search for a commercial house in suburban districts of Hanoi such as Ha Dong, Hoai Duc, Thanh Tri, Nam Tu Liem for several months now, with a price of 2-3 billion VND/house.

Gia nha o thuong mai tai trung tam Ha Noi lien tuc tang cao. Anh: Thu Giang
Commercial housing prices in central Hanoi continue to rise. Photo: Thu Giang

Many real estate experts recently commented that although apartment prices have temporarily calmed down compared to a few months ago, they are still sky-high, beyond the means of those with real housing needs.

While many brokers also admit that a paradox is occurring when the demand for housing and apartment transactions increases at the end of the year, especially near Tet, many projects have had no transactions for several months now.

Many real estate experts predict that if the housing segment in Hanoi in particular and other residential real estate segments continue to increase in price, in the long term, it will cause great instability for the market.

According to experts, management agencies need to soon take measures to "clear" the way for the affordable commercial housing and social housing segments. Along with that, investors need to step up research and product development in line with trends and affordability of the majority of people.

Dr. Nguyen Van Dinh - Vice President of the Vietnam Real Estate Association - said that legal problems of real estate projects lead to a shortage of supply, pushing up real estate prices. After nearly 3 years when the market lacked projects, the price of apartments and land in Hanoi increased by 40 - 50%.

According to Mr. Dinh, due to the huge demand in the market while the supply of goods and projects is very scarce, it has led to the situation where brokers, trading floors, project investors, and people with supply sources have built prices with large profit margins, leading to prices being too high.

Thu Giang
TIN LIÊN QUAN

Social housing project on prime land of over 2,700m2 is about to be handed over

|

Hanoi - NHS Trung Van social housing project (Nam Tu Liem district) is built on a total area of ​​2,726.1m2, expected to be handed over in the first quarter of 2025.

Deploying dozens of social housing projects in Thanh Hoa by 2025

|

Thanh Hoa province decided to allocate dozens of land plots to implement social housing projects in 2025.

145,000 billion VND in social housing loans are beyond the credit growth limit

|

The VND145,000 billion that 9 banks registered to lend for social housing will not be counted towards the credit growth limit.

Many violations were discovered in the appraisal of Condotel and Officetel projects

|

The Government Inspectorate pointed out many violations and shortcomings in the appraisal of condotel and Officetel business projects.

Hang Son Doong is among the top surrealists like on the planet

|

British travel magazine Wanderlust introduces Son Doong Cave to the list of destinations with surreal beauty that make visitors feel like they are lost on another planet.

The Ministry of Construction has many violations when adjusting the planning of the capital area

|

The Government Inspectorate has just pointed out many violations in adjusting the Construction Planning of the Capital Region.

The Inspection Committee proposes to discipline the former Vice Chairman of the Dong Nai Provincial People's Committee

|

The Provincial Party Committee's Inspection Committee proposed to discipline former Vice Chairman of Dong Nai Provincial People's Committee Vo Van Chanh for related land violations.

Ho Chi Minh City sidewalks "transformed", people are excited about clean and beautiful walking paths

|

HCMC - After the renovation process, many sidewalks in the city center have taken on a new look, people are excited because they have a clean and beautiful walking space.

Social housing project on prime land of over 2,700m2 is about to be handed over

Thu Giang - Hải Nguyễn |

Hanoi - NHS Trung Van social housing project (Nam Tu Liem district) is built on a total area of ​​2,726.1m2, expected to be handed over in the first quarter of 2025.

Deploying dozens of social housing projects in Thanh Hoa by 2025

QUÁCH DU |

Thanh Hoa province decided to allocate dozens of land plots to implement social housing projects in 2025.

145,000 billion VND in social housing loans are beyond the credit growth limit

Bình Ánh |

The VND145,000 billion that 9 banks registered to lend for social housing will not be counted towards the credit growth limit.