Villas appear with prices over 1 billion VND/m2
According to a survey by Dan Tri reporters, currently on online real estate trading sites, some villas in Hanoi are being advertised for sale at prices exceeding 1 billion VND/m2.
Specifically, a 307m2 detached villa in a project in Nam Tu Liem district is being sold for 435 billion VND, equivalent to 1.42 billion VND/m2. According to the seller, this villa is located on a corner lot, close to the lake. The house is built on 4 floors with 8 bedrooms.
Another villa in the same project with an area of 310m2 is being sold for 355 billion VND, equivalent to 1.14 billion VND/m2. According to the seller, this villa has a 20m wide frontage, located close to the lake.
Some villas appear with prices over 1 billion VND/m2 (screenshot).
In the Ciputra urban area (Tay Ho district, Hanoi), there are also many villas with prices of hundreds of billions of VND. For example, a single villa with an area of 336 square meters is being sold for 205 billion VND, equivalent to more than 609 million VND/square meter.
According to the seller, since the end of September, the homeowner needed to sell urgently so he reduced the price from 30 billion VND to 205 billion VND. The house is designed with 4 floors with a floor area of 150 square meters.
Another detached villa in the Starlake project (Tay Ho, Hanoi) with an area of 348m2 is also being sold for more than 186 billion VND, equivalent to 535 million VND/m2. According to the seller, behind the house is an internal park, near the regulating lake.
According to a report by CBRE Vietnam, in the past 9 months, the total supply of townhouses reached more than 3,500 units, the highest level in the past 5 years. In terms of absorption rate, the number of units sold in the third quarter recorded a significant increase compared to the beginning of the year, reaching more than 2,500 units, nearly 5 times higher than the previous quarter and up 124% compared to the same period last year.
The total number of units sold in the first 9 months was more than 3,400 units, nearly equal to the new supply launched in the period. The average primary selling price in the third quarter increased significantly compared to the previous quarter, reaching VND235 million/m2, up 16% quarter-on-quarter and nearly 27% year-on-year.
A townhouse and villa area in Hanoi (Photo: Duong Tam).
Meanwhile, the average selling price of secondary townhouses continued to increase from previous quarters, reaching approximately VND167 million/m2 (including construction costs and excluding VAT), up 3% quarter-on-quarter and nearly 7% year-on-year.
According to Savills' report, in the third quarter, the primary supply of villas and townhouses recorded 673 units from 15 projects, of which villas and townhouses each accounted for 38%. The number of transactions in the third quarter reached 326 units, an increase of 194% compared to the previous quarter and 223% compared to the same period, with an absorption rate of 48%.
Expert: Prices may correct
Speaking to Dan Tri reporter, Mr. Nguyen The Diep - Vice President of Hanoi Real Estate Club - said that the reason for the sharp increase in the price of townhouses and villas in recent times is due to the scarce supply, while the demand is increasing. Accordingly, not only new projects but also projects that have been abandoned for many years have seen sharp price increases.
"In addition, according to the new law, land compensation prices will follow market prices, so primary prices can be pushed up very high. In addition, the new law is also more open to land use rights for overseas Vietnamese, which will attract more remittances, boosting demand. Therefore, the selling price of townhouses and villas can continue to increase, but it will take longer," said Mr. Diep.
On the other hand, Mr. Diep said that the adjustment of secondary prices in the adjacent and villa segments may occur but will only decrease slightly. Because, most of the investors in this segment are people with stable financial capacity and long-term holding goals.
Mr. Matthew Powell - Director of Savills Hanoi - assessed that the villa and townhouse market has shown signs of recovery through growth in supply, transaction volume and secondary selling prices. The improvement will be clearer by 2025, especially with supply from new mega projects.
Source: https://dantri.com.vn/bat-dong-san/gia-rao-ban-biet-thu-tai-ha-noi-len-toi-14-ty-dongm2-gay-choang-vang-20241009144543368.htm
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