Hanoi speeds up execution of housing projects
Contractors deemed incapable of performing the works will have their investment licenses revoked. Meanwhile, others will be selected through competitive bidding.
Housing Projects Hanoi
Lack of budget housing challenges Hanoi property market
The average prices of new apartments for sale in Hanoi in 2022 are from VND30 million (US$1,311) per square meter onwards, which target customers of middle- and high-income groups.
New measure expected to boost low-cost housing development
Difficulties in getting investment licenses, the imbalance of market supplies due to the investors’ lack of appetite for budget housing projects, and the Covid-19 pandemic have led to a rise in housing prices.
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