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Cheaper real estate prices entice Hanoians

According to the latest report from CBRE Viet Nam, in Q3 2014, market continued to witness active launches and re-launches even during the “ghost” month which, in the traditional Eastern mind-set, is not a good time for business activities. A total 2,202 units were added to the supply from six projects, most of which were from low-end segment, pushing total new supply for the first 9 months of 2014 to 6,829 units, surpassing the 6,745 units launched out in the whole year 2013. Meanwhile, re-launches of mid-end projects were active with massive promotion programs, i.e. interior design package, car… and deferred payment schemes were very common as most of these projects are completed and buyers can move in immediately.

 

CBRE Vietnam