Hanoi Times – After a long time of being frozen, real property deals start to recover. At present, there less than VND 700 million deals are scarce while needs of street-fronted houses continue to add up
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In the recent past, a great number of clients advertise to sell and buy real assets, according to Mr. Tran Anh Dung, director of the Ba Dinh Trade and Services Company. The number of successful transactions has been high. Situations of ‘outward selling advertisements” and “price checking” are no longer popular.
Buyers are mainly those who are really in need or small-scale speculators.
For instance, a house with 3.5 floors, area of 30 square metres, 3.3 metres at front in lane 68, Xuan Thuy street, Cau Giay district, has been sold at a price of nearly VND 1 billion.
Dung says, in the coming time, below VND 700 million real assets will become rare. Actually, a lot of real assets are for sale on the market but not all of them meet clients’ requirements, due to the fact that they mostly have 18 square metres area or unharmonious design. Frequently, real estate of this kind can hardly fulfill clients’ needs at the present time, not to mention in the few coming years.
In addition, assets valued (priced, worth) at over VND 4 billion will be easily traded. He adds that market research reveals trends towards both low and high value real estates. Most clients tend to seek for buildings in city centre, especially busy shopping areas. Many other want to buy expensive land plots with an area of from 200 to 300 square metres, in settled project and allowed to develop into high buildings.
In further judgment, experts estimate that sectors most likely to boost up are urban accommodations, real estate service, industrial real property and trade.
Of the above mentioned sectors, urban housing will be firstly favoured as it is of utmost interest to low income workers, by means of promoting houses for rent, installment payment, low price houses, etc…