House price indexes in Hanoi and Ho Chi Minh City both increased

House price indexes in Hanoi and Ho Chi Minh City both increased

According to Savills, the housing price index in Hanoi increased by about 1 point quarterly and 3 points per year; In Ho Chi Minh City, the house price index is still stable by quarter.


Savills Vietnam - a real estate research and advisory unit has just announced a real estate price index in May 2019 for two markets, Hanoi and Ho Chi Minh City. Accordingly, in Hanoi, in quarter 1/2019, the housing price index increased by about 1 point QoQ and 3 points YoY, reaching 107.2 points. The total number of units sold increased by 70% year on year but decreased by 14% QoQ. The average absorption rate is 29%, down 3 percentage points quarterly but up 4 percentage points year on year.


According to Savills, a large demand leads to a high number of sold units of Grade B, equivalent to 70% of total transactions and the highest growth in the three segments reached 99% by year.


“About 44,000 apartments from 34 current and future projects will be launched. Gia Lam and Tu Liem districts with fast-growing infrastructure will witness strong competition” Savills said.


In Ho Chi Minh City, in quarter 1/2019, the house price index in Savills reached 95.4 points, stable by quarter and increased by 1 point by year. Total transactions reached 6,900 units, down 37% quarter-on-quarter and 49% year-on-year, due to a long holiday in January and February. The absorption rate reached 52%, down 8 percentage points quarter-on-quarter, but increased. 4 points% by year.


According to Savills, apartments in all grades recorded decreased volumes. Grade C apartments continue to occupy a large share of total transactions, with a 58% market share.


Savills forecast, by 2021, more than 163,000 apartments are expected to open for sale. In particular, districts 2 and 9 accounted for 57% of the total future supply.


According to Minh Thu - Infonet

Hanoi approved construction of social housing near 40hectare in Dong Anh

Hanoi approved construction of social housing near 40hectare in Dong Anh



Pilot project of Green City social housing area - "Green Link city" has an area of about 39.5 hectare, expected population size of about 11,000 people in Tien Duong commune, Dong Anh district, Hanoi city.


Vice Chairman of City People's Committee Hanoi Nguyen The Hung has just signed a decision to approve the detailed planning project of the rate of 1/500 green project of a green social housing area - "Green Link City" in Tien Duong commune , Dong Anh district, TP. Hanoi. Accordingly, the land for research and planning has an area of about 39.5ha, the population size is expected to be about 11,000 people, divided into 05 planning plots that are limited by the main roads in the region, regional roads and zone line.


Green Link City project has the main land use functions such as housing group with a total area of about 19.8 hectare (accounting for 50.4%), including: social housing land about 12.3 hectare (population of about 10,544 people) ), commercial housing land is about 2.3 hectare (population is about 456 people); Low-land commercial land group in the form of villas has a total area of about 1.36 hectare, adjacent low-rise commercial houses with an area of nearly 1 hectare.


Green City city social housing pilot project - "Green Link city" in Dong Anh district has an area of about 39.5 hectare, estimated population size of about 11,000 people. Besides, there is also land for traffic roads, green trees, sport and physical units in concentrated areas, public land for residential units, preschools, primary schools and secondary schools; land with the function of centralized parking, technical infrastructure. 

The whole planning area is mainly a high-rise social housing project arranged to the Northeast and the West; in the central area are low-rise buildings (villas, adjacent houses, and public buildings). Flexible high-rise and low-rise buildings are organized flexibly to create spatial highlights for the whole planning area.


Principles for determining the height of a construction work are in accordance with construction regulations, specialized design standards and guidelines of the Ministry of Construction. In particular, the common high floor of social housing works from 9-15 floors; 3-storey high-rise villas and 5-storey townhouses; High school, junior high school and pre-school facilities from 3 to 4 floors high. The specific height of the works will be determined according to each construction investment project approved by the competent authority on the basis of compliance with the provisions of specialized design standards and standards.


In addition, Hanoi City People's Committee requires in the construction of houses, public works, arrange sufficient parking area for the project with parking criteria according to Vietnamese construction standards and standards and Current regulations of the State and City.


The objective of the project is to build a complete pilot housing of a social housing area, supplementing the city's housing fund, meeting the housing demand for people who are entitled to support policies. Social housing under the Housing Law. At the same time, creating a civilized urban landscape environment, creating a attraction for urban development in accordance with the general planning, zoning planning identified, contributing to speeding up the urbanization process of Dong Anh district.


According to Ninh Phan – Tien Phong

Prepare to build modern urban areas in the outskirts of Hanoi

Prepare to build modern urban areas in the outskirts of Hanoi

This is one of the important contents mentioned in Document No. 576/TTg-CN signed by Deputy Prime Minister Trinh Dinh Dung on May 17, 2019.


Source: Internet


Accordingly, the Hanoi People's Committee is requested to agree with the Ministry of Construction to report to the Prime Minister the plan to partially adjust the land fund in Gia Lam district to build modern urban areas and thematic parks, amusement park and green park parks.


This aims to create an attractive urban area, attracting people, contributing to reducing the population of the historical inner city, ensuring the standards and technical standards of urban planning and sustainable development requirements.


At the same time, the Hanoi People's Committee must assume the prime responsibility and coordinate with the concerned agencies in studying the planning of modern urban areas, with synchronous technical and social infrastructure systems in the following areas: Dong Anh, Gia Lam, Yen Vien and Long Bien, minimize the construction of low-rise buildings, contributing to the reduction of historical inner city areas.


The People's Committee of Hanoi City is responsible for reporting to the Prime Minister on the results of the local adjustment of the General Plan on construction of Hanoi Capital - the area to build the National Exhibition Fair Center in Dong Anh District.


According to Tho Kim

5 central Hanoi streets as expensive as those in New York and Paris

5 central Hanoi streets as expensive as those in New York and Paris

In Hanoi, there are a number of central streets being offered for sale at the price of VND billion/m2, equal to the price of land in big cities like New York, Paris and Tokyo.


The street around Hoan Kiem district is offering price that is as high as the big cities on the world

According to the land price list for the period of 2015-2019 in Decision 19/2017/QD-UBND of the City People's Committee. Hanoi, the highest residential land price belongs to central districts such as Ba Dinh, Hoan Kiem, Dong Da, Hai Ba Trung with a level exceeding VND 100 million/m2.


However, the price of land traded in the market is many times higher, reaching 500-800 million dong/m2, even, there are places up to over 1 billion dong/m2, this is the same price as cities. big world.


At Dinh Tien Hoang street, the land price recorded is up to a billion VND/m2


Survey of Construction Electronic Newspaper shows that 5 streets with the most land price in the Capital are located in Hoan Kiem district, in which the streets are located around Sword Lake such as Dinh Tien Hoang, Le Thai To and Bao. Khanh, Hang Hanh... are located at the price threshold of over 1 billion VND/m2.


The front houses on Hang Dao Street, in Hang Dao and Hoan Kiem ward are being rented for VND 180-220 million/month. It is considered to be very convenient for the business of selling fashion clothing and watches.


The rent of the house on Hang Dao street is over VND 200 million/month


Contrary to the unbelievably high valuation, the lives of some households here are quite difficult and inconvenient in daily activities. The high population density makes the households live in cramped, cramped, even, many families with 5-7 people living together in a small loft of just over ten square meters. Most common paths are used as a place of business with all kinds of goods from clothes to food and groceries. According to the households, this street can help them "make money" from the business of selling or renting for 30-70 million VND / month for the premises from 15-50 m2.


Each square meter of Trang Thi street is worth up to billions of dong


Due to its long history and cultural values, it is located in a central location, especially, very convenient for trading, so the land price in the old quarter of Hanoi is always high. Although old, no matter how small, the frontage houses in these streets also cost no less than VND800 million/m2. However, there are few transactions on the market because the property is no different from gold mountain, no one wants to sell, except for the reluctant cases.


According to Bao xay dung Online

High-class apartments in central Hanoi increased sharply

High-class apartments in central Hanoi increased sharply

After many years of operation, high-class apartments are located in the golden land of central districts such as Ba Dinh, Dong Da and Tay Ho with strong price increases. According to experts, in the context of depleted central land fund, scarce supply, high-end projects with prime locations will continue to increase in the future.


Selling prices increased sharply


While the price of high-end apartments in districts such as Ha Dong, Nam Tu Liem and Thanh Xuan stagnated or tended to decrease slightly, high-end apartments in the central area witnessed a strong increase.


2011-2012 period, Ms. H.M. Lan bought Mandarin Garden apartment in Trung Hoa Nhan Chinh for 35 million VND/m2, earlier this year she decided to sell this apartment with a successful transaction price of 52 million VND/m2. Not only Ms Lan's apartment, the apartments of this project all witnessed spectacular price increases. Accordingly, the primary selling price in previous years only reached VND 30-35 million/m2, now the successful offering price ranges from VND 45-55 million/m2.


Similarly, about 5 years ago, Mr. Xuan Nghia bought an apartment at the project Lancaster (Nui Truc, Ba Dinh) with the price of about 50 million VND/m2, the apartments here are successfully traded with the price from VND 67-72 million/m2.


Savills' survey results also show an impressive increase of the central area apartment. Specifically, Hanoi Aqua Central (Ba Dinh) offered for sale in 2017 with the price of 50-92 million VND/m2 now being offered for sale at 60-92 million VND/m2; Sun Grand City Thuy Khe (Tay Ho), the price on the primary market in 2017 is 48-106 million dong/m2 now offering up to 62-118 million dong/m2; Hoang Thanh Tower (Hai Ba Trung), the price increased from 65-75 million VND/m2 in 2011 to 72-102 million VND/m2 in 2019; Golden Weslake (Tay Ho), the price increased from 37-48 million VND/m2 in 2009 to 52-75 million VND/m2. In 2009, Indochina Plaza Hanoi (Cau Giay) was traded at VND37-47 million/m2 now transferred at VND45-58 million/m2. In 2013, Giang Vo D2 has a selling price of 32-38 million VND/m2, has now increased to 39-52 million VND/m2...


After many years of operation, luxury apartments are located in the golden land of the districts such as Ba Dinh, Tay Ho and Cau Giay increased strongly

According to Mr. Duong Duc Hien, Director of Savills Hanoi Housing Division, the number of high-class apartments, meeting grade A standards in the central districts is still likely to increase in the future due to increasingly scarce supply and The land fund here is also exhausted. In addition, Grade A projects are only really capable of increasing the true value after they have been in operation for 2-3 years, based on the criteria of building quality, operational management quality and residents in that building. These factors will form tenants and contribute to creating good rental rates for the project.


In fact, high-end apartments for rent in the central districts have a good price increase, and the transfer market has also set a high price. For example, in Hanoi Aqua Central, the rental price of 3-bedroom apartments is not fully ranging from 25-28 million VND/month, with 3 bedrooms fully furnished, the rent ranges from 45-65 million VND/month. Or at Hoang Thanh Tower, the price of renting 1 bedroom full interior is set at 32-41 million VND/month, the second bedroom is 40-46 million VND/month, the third bed is 48-61 million VND/month. At Golden West Lake, apartment 1 is fully furnished with the rent from 15-19 million VND/month, 2-bedroom apartment is 20-34 million VND/month, 3-bedroom apartment is 32-60 million VND/month.


The serious shortage of new supply


Selling prices and rents for high-end apartments in the central area all set high prices

It is not difficult to realize that high-class projects with strong price increases are located in Hanoi's "golden land" locations of Ba Dinh and Dong Da. In these districts, land fund is almost exhausted, so new supply is extremely scarce. For example, in the above districts, during the first quarter, the whole market only had about 200 apartments launched and the main source came from the old project to sell the next phase such as The Golden Armor, Lieu Giai Tower...


The time of quarter 2/2019, the only bright spot of supply of Grade A apartments in the central area falls into Ba Dinh district. Lancaster project in Nui Truc street (Ba Dinh) officially launched its own and limited apartment fund. It is known that this building has been put into stable operation and leased for lease since 2013. Private apartment fund and this limit are for some shark investors bought many years earlier, then sublease in the form of service apartments. After gaining profits from this form of leasing, in the context of scarce supply, not many licensed projects, the price of central apartments increased, shark investors officially launched their products. The transfer price is expected from USD 3,300/m2, equivalent to about VND 72 million/m2.


According to Mr. Duong Duc Hien, in 2019, high-end housing segment has many positive prospects due to the increasing demand for housing upgrading from better-off households. Besides, the investment demand of foreigners also increased strongly. Many recently launched high-end projects have completed quotas of 30% of foreigners buying houses right in the launch event. Therefore, projects that meet Grade A standards in the CBD will not only have potential for future price increases but also promise high liquidity capabilities.


According to Thuy An – Tuoi tre online

Hanoi: Occurrence of golden land apartments with sale prices "terrible"

Hanoi: Occurrence of golden land apartments with sale prices "terrible"

1m2 of the apartment is located in a renovated apartment project on golden land, owning 2 central facades in Hanoi is being offered for sale with the price of VND 161-291 million, the price of the largest apartment can be up to over 42.6 billion, the number makes the giants "shocked".

The apartments are located in the renovation project of the dormitory 30A Ly Thuong Kiet, Hoan Kiem District (Hanoi) which is being sold by many real estate floors at a high price. This is one of the projects in the policy of renovating and building old and deteriorated apartments of Hanoi.

Owning 2 facades Ly Thuong Kiet and Hang Bai, showing apartments at the renovation project rebuilding the dormitory 30A Ly Thuong Kiet, Hoan Kiem District (Hanoi)
advertised for sale at a high price. Photo: Minh Thu

The project is located on a 1,169m2 area, with a total investment of about VND190 billion with 3 basements and 11 floating floors, including 65 apartments. 1-3 floors are areas for offices and commercial centers; floors 4-7 with 11 apartments/floor, reserved for collective residents 30A old Ly Thuong Kiet; 8-10 floor with 4 commercial apartments/floor, area from 85-147 m2/unit, built with the purpose of selling.


12 commercial apartments have been posted for sale at a high price, from VND 24-40 billion/unit, including high-class furniture. In particular, the price of 94m2 apartment is 24 billion VND, and the 100m2 apartment is offered for 280 million VND/m2...


Price for the most expensive apartment for sale at T-Place project is over VND 42 billion/unit. Fully furnished makes the giant also "shocked". Photo: Minh Thu


When contacting the phone number listed for sale, PV is known, this is a broker specialized in selling apartments in the renovation project of the collective area 30A Ly Thuong Kiet, Hoan Kiem District (Hanoi), whose trade name is T-Place. According to information from this broker, the price of apartments with a view to Hang Bai and Ly Thuong Kiet streets is the most expensive, with the price of VND 260-290 million/m2.


Thus, the selling price of the largest apartment in the project (147m2) will fall to over VND 42.6 billion. In the North, there are no facades overlooking Hoan Kiem Lake, which are the cheapest ones with the price of 161-181 million VND/m2. Accordingly, the selling price of the smallest apartment (85m2) is at VND14 billion.


Brokers continue to introduce, the apartments in this project are handed over complete interior wall with sanitary equipment, kitchen, floor, ceiling, electrical equipment, air conditioning... If customers want to receive The rough handover package will be directly deducted 9 million VND/m2 into the unit price for selling apartments before tax.


Although affirming that the commercial apartments here are almost sold out, there are only a few apartments left by the old apartment owners who need to sell at the same price as the commercial apartments. However, this broker did not disclose exactly how many apartments were sold.


Project introduction board on the Gold Capital


In 2011, Global Invest was approved by Hanoi to invest in the reconstruction project of 30A Ly Thuong Kiet, which is expected to be completed by 2013. But because of the objections and complaints of some households for a long time, by the end of 2017, the investor can execute the project. This also made the expected time to complete the project pushed to the end of 2019.


This is probably the project that owns the most expensive selling price so far that other luxury apartment projects in Hanoi have sold but the price is still not equal. The first project with a "big" price in Hanoi is Pacific Place, located at 83 Ly Thuong Kiet with about 85-100 million/m2; followed by Hoang Thanh Tower project, located at 114 Mai Hac De with selling price of about 70-80 million/m2; Super luxury D’.Palais de Louis project in Nguyen Van Huyen with the sale price from 115-145 million VND/m2...


According to Infonet

Prepare to build modern urban areas in the outskirts of Hanoi

Prepare to build modern urban areas in the outskirts of Hanoi

This is one of the important contents mentioned in Document No. 576/TTg-CN signed by Deputy Prime Minister Trinh Dinh Dung on May 17, 2019.

Source: Internet


Accordingly, the Hanoi People's Committee is requested to agree with the Ministry of Construction to report to the Prime Minister the plan to partially adjust the land fund in Gia Lam district to build modern urban areas and thematic parks, amusement park and green park parks. This aims to create an attractive urban area, attracting people, contributing to reducing the population of the historical inner city, ensuring the standards and technical standards of urban planning and sustainable development requirements.


At the same time, the Hanoi People's Committee must assume the prime responsibility and coordinate with the concerned agencies in studying the planning of modern urban areas, with synchronous technical and social infrastructure systems in the following areas: Dong Anh, Gia Lam, Yen Vien and Long Bien, minimize the construction of low-rise buildings, contributing to the reduction of historical inner city areas.


The People's Committee of Hanoi City is responsible for reporting to the Prime Minister on the results of the local adjustment of the General Plan on construction of Hanoi Capital - the area to build the National Exhibition Fair Center in Dong Anh District.


According to Tho Kim - Cafeland

Hanoi needs VND 17,000 billion to relocate 13 offices and branches out of the center

Hanoi needs VND 17,000 billion to relocate 13 offices and branches out of the center

The National Institute of Urban and Rural Planning (VIUP) has proposed 3 plans to move ministries and branches out of Hanoi city center, expected financial needs from 12,000 to 17,000 billion VND for each plan.


Specifically, the first, 12 ministries include: Planning and Investment, Industry and Trade, Justice, Construction, Transport, Labor - Invalids and Social Affairs, Health, Agriculture and Development. Rural areas, Culture - sports and tourism, Information and communication, Education and training, Vietnam Fatherland Front Committee will be transferred to West Ho Tay. Particularly, Vietnam Social Insurance is building in Me Tri Ha.


Under this plan, the planning scope is 35 hectares, on average, each agency is from 1.5 to 2 hectares, the total number of employees is expected to be about 14,000 people, the average height is expected to be about 15-20 floors (yet tell 3-4 underground floors). Financial demand is about 11,897 billion dong, the capital mobilized from the conversion of 50 hectares in Me Tri Ha collected 10,000 billion dong, the converted capital of the old office land was about 1,897 billion dong.

Source: Internet


The second option is to transfer 12 ministries, branches and Vietnam Insurance to Me Tri hectares area, with a planning area of 55 hectares, including the entire Me Tri Ha area, an average of 1.8 - 1 unit 3 hectares, the remaining area is arranged with air conditioner, guest house, public house, landscape park. The total number of people working in 13 agencies is expected to be about 15,000, the average number of people working 1,000 - 1,500 people/agency. Financial demand is about 14,326 billion dong, the capital of 20 hectares of land in Tay Ho Tay area is about 8,000 billion dong, the old capital conversion is 6,326 billion dong.


The third option, VIUP proposes to allocate 13 above agencies in the area of West Lake West and Me Tri Ha, of which 20 hectares at West Lake West will arrange 6 ministries (average 2-3 hectares/agency, 9-12 storey high floor); Me Tri Ha area of 55 hectares will be arranged with 7 agencies (area of 3-4 hectares/agency, average height of 12-15 floors).


Under this plan, the conversion of 13 agencies needs a financial need of 17,000 billion VND, of which 12,000 billion VND is converted to old facilities, 5,000 billion VND from state budget capital.


According to Tam An An - Cafeland

Hanoi has approved the general planning of Gia Lam district and Hoa Lac satellite town

Hanoi has approved the general planning of Gia Lam district and Hoa Lac satellite town

From the beginning of 2019 until now, Hanoi continues to accelerate the formulation and approval of planning in the area, with 57/68 planning projects, gradually covering the planning to manage according to planning.

Hanoi plans to establish 4 plans for Hoa Lac urban area.


Hanoi Department of Planning and Architecture said that in the first 5 months of 2019, Hanoi approved 57/68 planning projects. In which, there are 20 zoning plans in satellite districts and urban areas such as Soc Son (6 zones), Xuan Mai (3 zones), Phu Xuyen (2 zones), Son Tay (9 zones) and plan 4 planning projects of Hoa Lac urban area.


Up to now, Hanoi has approved 57/68 planning projects. Including 26/35 zone planning and 31/33 general planning; 11 other projects are being completed. In which, there are 9 subdivision planning and 2 general planning in Gia Lam district and Hoa Lac satellite town.


From the beginning of the year until now, Hanoi continues to implement specific projects such as detailed planning of conservation and development of traditional craft villages combining tourism in Van Phuc and Bat Trang; planning underground parking space network in the 4 central districts; general planning of underground urban construction space in Hanoi city center; planning bus stations, car parks, logistics centers and stop stations ... to improve the tools of management of architecture planning, construction investment, promoting the socio-economic development of the Capital.


The city also built 28 regulations on urban architecture management, including: 2 specific regulations, 12 district and town regulations and 14 town regulations. Continue to design the idea of planning 20 old apartment buildings as the basis for implementing the next procedure.


Currently, Hanoi Department of Planning and Architecture has reported the idea to the City People's Committee of 15 areas (of which 9 have been reported for the second time); The remaining 5 zones are studying to make plans. Prepare detailed planning of 5 concentrated social housing areas, total area of 272.45 ha, expected to provide additional 1.2 million m2 of housing floor when completed.


According to Minh Thu