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Hanoi condo prices to rise 5-7 pct per year: CBRE

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Buildings seen in Nam Tu Liem District, Hanoi. Photo by Shutterstock

 

Primary prices of condominium units in Hanoi will increase 5-7 percent annually for the next three years, according to real estate consultancy CBRE Vietnam.

 

The firm’s third quarter realty market report attributes the price hike to future launch of some luxury and high-end projects in the city’s downtown area.

 

If vaccination against Covid-19 goes smoothly, creating favorable conditions for economic recovery and international travel, 25,000-27,000 new condominium units will be supplied next year, the report says.

 

Full Story: https://e.vnexpress.net/news/business/industries/hanoi-condo-prices-to-rise-5-7-pct-per-year-cbre-4369952.html

 

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-- © Copyright VN Express 2021-09-13

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