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The price of apartments in Hanoi has been on an upward trajectory, setting new price benchmarks.

In 2023, the housing market in Hanoi and Ho Chi Minh City faced numerous challenges.

Hanoi's increased housing supply in the third quarter of 2023 compared to the previous quarter did not improve the city's cumulative total supply in the first nine months of the year.

Since July 2021, city officials have approved more than 1,000 quality control plans for old housing.

Vietnam's national police are requested to conduct fire prevention inspection in types of high-density housing that are prone to fire and explosion.

Many apartment buildings in Hanoi are more than 60 years old and in danger of collapsing.

The amendment to the Housing Law is expected to be approved during the 6th session of the National Assembly, scheduled for the end of 2023.

The amended Housing Act lacks provisions on the life span of condominiums, which may cause problems for the authorities when it comes to renovating the buildings.

Much of the supply of apartments come from suburban areas, but sales remain slow because prices are comparatively high relative to incomes.

Selecting investors is an important step for Hanoi to speed up the process which is costly and time-consuming.

Owners of apartments to be renovated will be compensated with a property twice the size of their current home.

This capital city will speed up the renovation and rebuilding of old apartments.

The supply of budget apartments in Hanoi stood at the lowest level in the past five years.

The study of the situation of the old apartment buildings in Hanoi will conclude in the third quarter, laying the groundwork for the issuance of regulations on renovating and rebuilding such constructions.

Professor Dang Hung Vo speaks with The Hanoi Times about the Ministry of Construction's recent proposal to limit the leasehold term for apartment owners to 50 to 70 years. The proposal, he says, is not new since it was included in the draft Housing Law in 2014 but rejected by the National Assembly (NA).

The number of people, who want to rent a room in apartment buildings, has increased in recent months.