Sign up | Log in



Home  >>   Daily News  >>   Vietnam  >>Property  >> Ha Noi property market to rebound
NEW UPDATES Asean Affairs    13 January 2015  

Ha Noi property market to rebound

Experts at foreign property consulting firms expect the property market in Ha Noi to rebound strongly this year, owing to robust sales of apartments during the last quarter of 2014.

The Savills Viet Nam Ltd Company pointed out that six new housing projects, with approximately 2,900 units, have been launched recently. This reflects the highest number since the second quarter of 2013.

"The ‘apartments for sale' segment is recovering. Since the first quarter of 2014, the number of apartments placed on sale has jumped, while the inventory level has decreased," Do Thu Hang, the Head of Research and Consultancy, Savills Ha Noi, said yesterday.

"The number of sold apartments during the last two quarters is at its highest since the second quarter of 2011. The total number of sold apartments in 2014 was the highest since 2009."

There is continuing demand from end-users and investors on projects with the following characteristic: good construction progress, convenient accessibility and strong developer reputation, Savills Viet Nam revealed.

Some projects in the foundation stage are also reporting a strong absorption rate due to the participation of speculators and real-estate agents stepping up the premium on off-contracts.

Meanwhile, the CB Richard Ellis Viet Nam (CBRE) Ltd Company said sales momentum for condominiums has continued to grow firmly and steadily. The market absorbed an estimated 3,990 units during this quarter alone, which was reflected in the 47 per cent growth from last quarter.

In total, 10,700 units were reportedly sold in 2014, which was a 60 per cent increase from 2013's record.

"With the market's recovery, the real-estate risk level has decreased. Along with the disbursement from banks and other investors, the real-estate M&A activities will become more intense," said Nguyen Hong Son, Head of Savills Ha Noi's Valuation and Feasibility Study and Valuation.

"The property market in 2015 has been on the road to recovery since 2014, and is expected to see a significant increase in the residential sector. Also, the market should get a new target when the new housing law becomes effective," Son noted.

"Moving forward, it is expected that the market will continue to look positive in 2015," said Nguyen Hoai An, CBRE Ha Noi's Senior Manager.

Sales are expected to remain strong, while more launches of new projects and re-started projects will be announced in the market, especially during the first half of 2015, she added.

Luxury and high-end products will be sought-after as stock for these products is diminishing, said An, adding that while foreign ownership will be expected to stimulate demand, activities on this front will be slow in near-term as new players take their time to assess the market's movement.

By the end of 2016, about 14,200 apartments from 25 projects are expected to come online, Savills Viet Nam predicted.

The revised Housing and Real Estate Business Laws are also expected to boost demand from foreigners and Vietnamese residing abroad.

The market is expected to grow in 2015, but could be hurt by strong speculation. — VNS

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           January 13, 2015 Subsribe Now !
• Ha Noi property market to rebound Subcribe: Asean Affairs Global Magazine
• Electricity and gas main focus for ministry in 2015
• LPEI to source $1.3b from loans, bond issuance overseas 
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Singapore business confidence tumbles in Q1 2015: Report
• Japan to ink flight pact with Kingdom
Asean Analysis                    January 9, 2015

• Asean Analysis January 9, 2015
Time for Closer Naval Ties between the United States and Vietnam
Advertise Your Brand

Asean Stock Watch    January  12,  2015
• Asean Stock Watch-January 12 , 2015
The Biweekly Update
• The Biweekly Update  January 9, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand