Apartment transfer market in Hanoi is bustling
According to data from the OneHousing Center for Market Research and Customer Insights, in August 2024, the Hanoi apartment market recorded about 3,100 transfer transactions. Although this number decreased slightly by 3% compared to July, it increased sharply by 25% compared to the period of May and June.
Of which, the top 10 projects with the highest transfer volume reached about 1,500 units, accounting for 48% of the transfer market share in Hanoi in August 2024. Notably, 8 out of these 10 projects are located in the East and West of Hanoi.
Source: OneHousing.
Mr. Tran Minh Tien - Director of OneHousing Market Research and Customer Insight Center commented that the apartment transfer market has been quite active in recent months, showing that customer demand is still high for this product segment.
While primary supply is limited and prices are high, many customers are turning to search for apartment products on the transfer market.
"Projects with good transfer transactions mostly come from the East and West, which are areas with large apartment supply, with well-invested urban areas, full amenities and good operation.
It is forecasted that in the coming time, the number of apartment transfer transactions may decrease slightly or remain unchanged in September and October, before increasing again at the end of the year - the time when real estate transactions are most active," said Mr. Tien.
Newly opened apartments are gradually becoming scarce.
OneHousing believes that the gradually scarce supply of new apartments is one of the reasons why the apartment transfer market is bustling.
The focal project in the West - Vinhomes Smart City recorded primary sales in August 2024 reaching about 490 units. Of which, the primary apartments in this metropolis mainly come from the Lumiere Evergreen project.
Primary sales at Vinhomes Ocean Park in August 2024 reached about 870 units, Masteri Waterfront is one of the projects leading in sales of this metropolis.
In September 2024, it is expected that 3 more projects in the Eastern region will be launched, including: Lumiere Spring Bay (by investor Masterise Homes), The London subdivision (Mitsubishi) and The Senique (Capitaland) with expected prices of over 70 million VND/m2.
The supply of new apartments is gradually becoming scarce.
Accordingly, the apartment price in the West area is approximately 70 million VND/m2, the price level in the East area reaches 56 million VND/m2.
One Housing believes that the gradual replacement of mid-range projects by high-end and luxury projects has caused the average price of apartments to increase the most from 2021 to present.
High-end projects in prime locations are offered for sale at prices ranging from 100 million VND to over 200 million VND/m2.
These include: Noble Crystal Tay Ho project with a scale of 850 apartments priced at nearly 250 million/m2; Skyline Westtake project with a scale of 150 apartments priced at nearly 110 million/m2; The Wisteria project with a scale of 840 apartments priced at 75 million/m2; The Gloria with a scale of 110 apartments priced at nearly 140 million/m2; Lumi Hanoi with a scale of nearly 4,000 apartments priced at nearly 89 million/m2; The Matrix One 2 with a scale of 740 apartments priced at nearly 130 million/m2; Lumiere EverGreen with a scale of 2,294 apartments priced at nearly 92 million/m2; QMS Top Tower with a scale of 490 apartments priced at nearly 90 million/m2; BRG Diamond Residence with 662 apartments priced at nearly 98 million/m2; The Victoria with a scale of nearly 80 million/m2.
Source: https://www.nguoiduatin.vn/ha-noi-3100-giao-dich-chuyen-nhuong-chung-cu-trong-thang-8-2024-204240925175707344.htm
Comment (0)