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In Quarter 2, the supply of serviced apartments in the city increases by 20% against the same period of last year.

Supplies of low-priced apartments at below VND2 billion (US$87,300) are predicted to disappear in Hanoi in the upcoming one or two years.

The new decree forbids the developers from withdrawing money from the account whose ownership would be transferred to the building management board once it is elected.

Many apartment buildings in Hanoi are more than 60 years old and pose a threat of collapse.