|
Good time to buy houses in Hanoi
Now it is the right time for people to buy houses in Hanoi, said Marc Townsend, the managing director of the CB Richard Ellis Vietnam (CBRE) at a seminar on the housing market in Hanoi on August 12.
Mr Townsend said that the housing market is facing a number of difficulties, such as credit crunch, inflation pressure and spiraling prices of construction materials. However, Mr Townsend affirmed that the market is picking up to attract more investors.
According to the CBRE’s survey, investors reckon that the market is more stable in Hanoi than Ho Chi Minh City. Land prices in the centre of Hanoi still remain almost unchanged while those in other cities have dropped since the first quarter of this year.
In Hanoi there is a number of promising projects such as Keangnam Hanoi Landmark, Hanoi City Complex, Habico Towers, No5 Tran Duy Hung and 15T Tran Thi Dinh which will provide around 4,500 apartments from now until 2011. In addition, other apartments such as the Canal park-TBN Berjaya, Gamuda Yen So, west of West Lake, Hyundai RNC and northern An Khanh area will come onto the market soon.
Vuong Tan Long, head of CBRE’s Business Department says that buyers will be able to make a choice. In his opinion, the Government’s policies have begun to pay off with in inflow of foreign investment in real estate.
VOV
|
