In Hanoi, the apartment segment is very busy. Primary selling prices continue to maintain a stable trend with an increase of about 2-3% compared to the previous quarter.
The investor is actively renewing the old project
According to Ms. Pham Thi Mien, Deputy Head of VARS Market Research Department, the results of the market’s recovery have been clearer, not only have the changes in suburban land been shared, but also shown specifically through the numbers.
Currently, the market supply reaches about 30,511 products. Among them, there are more than 4,626 new products, launching for the first time on the market. Market transactions reached about 6,360 transactions, an increase of 10% compared to the fourth quarter of 2023 and double the same period in 2023.
The whole market absorption rate reached 21%, an increase of 4 percentage points compared to the fourth quarter of 2023, nearly 3 times higher than the first quarter of 2023. Of these, completely new projects achieved an absorption rate of up to 51%.
Land in the suburbs of Hanoi has been widely advertised for sale recently (Photo: Ha Phong).
A series of projects with a scale of hundreds to tens of thousands of hectares, even billions of dollars, have been announced and proposed for investment; more new projects, launching for the first time on the market.
Investors are actively “renovating old projects” to contribute to further stirring up the market. The common point of projects launched in this period is standard legality, strong investment in infrastructure, landscape and utilities, and attractive incentive policies to increase persuasion with customers or customers. Investors.
The first quarter of this year is considered a “light stepping stone” for the market to keep pace, before jumping to a new step with expectations of clearer recovery results in the following quarters.
“Currently, accelerating the process of researching and drafting decrees detailing the implementation of the three laws is the focus of attracting the attention and monitoring of the whole market. On July 1, when a A number of regulations in the Law officially take effect, which will certainly create a push to push the recovery process of the real estate market to a new, higher level, more clearly than in recent times,” she emphasized. .
