Hanoi remains a bright spot for the supply of landed properties (townhouses and villas), with total supply expected to exceed 7,000 units in 2025, according to a survey by CBRE Vietnam, a foreign real estate service company.
The Hanoi real estate market in the first half of this year saw increases in villa and townhouse prices, although the market was still slow, according to a Savills report into the housing market in the capital released on July 11.
Townhouse and villa transactions in Ho Chi Minh City have fallen to the lowest in the last five years with their primary supply reaching only 40% and a low absorption rate, according to real estate consultancy Savills Vietnam.
The Ho Chi Minh City People’s Committee has asked the owners of 151 villas built before 1975 to repair or renovate the buildings, most of which are located in districts 1 and 3.
Local demand for real estate products with long-term ownership exceeds supply as most of Vietnamese people prefer this kind of deal, experts said during a recent conference.
Seaside resort real estate has become a hotspot for investors in the recent two years in the central city of Da Nang, said the property service group CBRE Vietnam on August 9.
About 1,350 century-old houses and villas in HCM City, mostly in District 1 and 3, need thorough conservation and strict monitoring plans to avoid illegal dismantlement, city authorities say.
Some 550 villas and row houses are set to be available in Hanoi’s real estate market by the end of this year, according to statistics from Savills Vietnam, the largest property company in the country.
