Friday, October 19, 2007

Hanoi: real estate market sees new fever

Hanoi’s real estate market is heating up day by day with the prices of apartments in luxury areas like Ciputra, The Manor, and Trung Hoa-Nhan Chinh up by nearly 100%.

Mrs Hoa, who owns a villa and an apartment at Ciputra, said that she had decided not to sell the apartment at this moment as she thought the price would rise further.

The price for villas has surged to VND60mil/sq m ($3,750), while the price for apartments is VND20mil/sq m ($1,250), which represent two-fold increases over the previous levels.

Vietnam Real Estate News

Chao Vietnam Properties