REAL ESTATE DEALS STALL IN FEBRUARY

Real estate transactions slowed down in February because of the Lunar New Year holidays, the construction ministry’s Management Agency for Housing and Real Estate Market has said.

During the month, Ha Noi recorded 850 transactions, down 34.6 per cent from January, mostly in the mid- and high-end apartments segment.

Despite this, developers are still putting out flats in the market with attractive promotions and announcing projects in prime locations.

Projects that saw significant sales include An Binh City in Bac Tu Liem District, Eco Lake View and Park View Tower in Hoang Mai District, Parkview Residence in Ha Dong District, Vinhomes Gardenia in Nam Tu Liem District and Vinhomes Skylake Pham Hung in Cau Giay District.

HCM City saw around 900 successful deals, down 35 per cent month-on-month.

High-end projects in the southern city that saw good sales include Ha Do Centrosa Garden in District 10, Vinhomes Golden River in District 1, Lakeview City in District 2 and Dong Nam Urban Area in Thu Duc District.

Mid-end and affordable apartments such as The Everrich Infinity in District 5, Phu Dong in Tan Phu District and I-Home in District 9 were also in demand.

Experts have forecast that the property market will remain stable this year owing to the state’s macro-economic policies.

Source: VIR