Hanoi continued to see high sales volumes of apartments during the second quarter of 2016, according to the latest research from real estate agency Savills’ Vietnam.
Total primary stock was 17,370 units, increasing by 7 percent quarter-on-quarter (Q-o-Q) and 29 percent year-on-year (Y-o-Y). There re were 10 existing and 16 new projects providing 6,700 units, increasing by 1 percent Q-o-Q.
There were approximately 6,000 sales, an increase of 7 percent Q-o-Q and 30 percent Y-o-Y. The absorption rate increased 1 percentage point Q-o-Q to 35 percent.
Grade ‘B’ apartments still had the highest primary sales volume according to Savills, with a 73 percent proportion of total sales.
Tu Liem district continued to record the most sales at 37 percent, mainly due to 2,250 sales of Grade ‘B’apartments.
During the second half of the year, Savills expects 22,000 units from 41 projects, predominantly Grade ‘B’ apartments, to launch, focused in Tu Liem, Thanh Xuan and Cau Giay districts.
