|
Residential land prices slide 20% in Q1
Residential land prices in the outskirts of Ha Noi have fallen by a further 20 per cent in the first quarter of the year against the same period in 2011, Savills Viet Nam said.
About 40,000 villas and houses have been on sale through agents in the secondary land market, Savills Viet Nam reported. Of those, 27,300 villas and houses are on sale in the form of upfront payment, while the remaining 12,700 units are being sold in the form of phase-in capital contribution contracts.
"Many of the unsold units, which have dropped in price by between VND33 million and VND45 million per square metre, are in very good locations in Zone 2 such as Ha Dong, Hoai Duc, Me Linh, Dan Phuong and Quoc Oai," Savilles added.
According to a Savills' survey, the most expensive land prices are in Cau Giay, Tay Ho and Tu Liem districts, where the ceiling price is VND120 million per square metre (about US$5,700 per square metre), while the lowest price of VND40 million (about $1,900/square metre) is in Hoai Duc and Dan Phuong districts.
vietnamnet
|
