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Real estate inventories taper off over 16%

Customers visit model of a real estate project in HCM City. — VNA/VNS Photo

HÀ NỘI — Real estate inventories nationwide saw a reduction of over  一 六 per cent as of November  二0, from the same time last year.

This has dropped to an estimated value of over VNĐ 二 六 trillion (US$ 一. 一 四 billion). The highest inventories were recorded in residential land. They were estimated at more than  三. 一 million square metres and valued at VNĐ 一 二. 四 trillion.

This was followed by town houses, with  三, 一 二 九 units worth over VNĐ 七 trillion. Unsold apartments stood at  二, 九 二 四 units, equivalent to some VNĐ 四. 二 trillion, while co妹妹ercial land was at  六0 四, 一 五 一sq.m, valued at nearly VNĐ 二. 四 trillion.

Unsold properties in HCM City were at VNĐ 四. 七 八 trillion, while Hà Nội saw a total inventory value of VNĐ 五. 三 trillion.

The Ministry of Construction forecast that housing prices will remain stable in the short term and that the tourism property market will experience robust development in the time to come.

Apartment prices in Hà Nội declined 0. 五 per cent from the previous quarter and individual housing segments increased 0. 一 三 per cent.

In stark contrast, apartment prices in the southern hub went up 0. 八 per cent; however, luxury units dropped 0. 五 per cent in price. Individual housing segments escalated  一. 六 五 per cent from the third quarter. — VNS