14TH NATIONAL CONGRESS OF THE COMMUNIST PARTY OF VIETNAM

Successful real estate transactions rise strongly in Q1

Thu Minh

Mar 31, 2015 / 11:32 AM

According to Deputy Minister of Construction Nguyen Tran Nam, the number of successful real estate transactions in Hanoi and HCM City in the first quarter of 2015 increased nearly three times in the comparison to the same period last year.

Hanoi has recorded 1,500 successful trades in March, up 25% from February, and reached 4,250 transactions during the first quarter.

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HCM City reported 1,400 transactions, a 30% increase and seen 3,950 successful transactions in the first quarter.
Deputy Minister of Construction Nguyen Tran Nam said production and business activities in construction and property in three recent months showed signs of recovery, while housing prices remained unchangeable.
Thanks to high liquidity, property inventory across the country continued to drop, measuring at around 70.7 trillion VND as of late March, a 45% decrease against the same period of 2013.

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