The real estate market is confident that prices will recover after a long cycle of decline in both HCM City and Hanoi. In the capital city, nearly 400 not-yet-built apartments in Keangnam Tower were sold not long after construction on the building started.
Lots in the Van Phu Urban Area and Xa La high-class apartment projects in Hanoi s newly-merged Ha Dong city have also been magnetic to investors, and prices have gone up nearly 20 per cent since Tet. Last year, investors paid little attention to these and other projects, as land prices were on a
heavy decline.
Moreover, property around these projects has also been selling like hot cakes.
One of Hanoi´s hottest realty projects is the Van Khe Urban Area, located next to the popular traditional silk craft village of Van Phuc, Ha Dong.
