{"id":24911,"date":"2021-08-23T11:34:41","date_gmt":"2021-08-23T04:34:41","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=24911"},"modified":"2021-08-23T11:43:14","modified_gmt":"2021-08-23T04:43:14","slug":"the-average-apartment-prices-in-vietnams-major-cities-increases-by-2","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/the-average-apartment-prices-in-vietnams-major-cities-increases-by-2\/","title":{"rendered":"Average apartment prices in Vietnam’s major cities increase by 2%"},"content":{"rendered":"

Condominium prices continue to rise\u00a0despite lower levels of interest in real estate\u00a0from the fourth COVID-19 wave\u00a0<\/span>\u00a0<\/span><\/p>\n

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Ho Chi Minh City, which currently has the highest number of infections, saw property postings and interest fell by 52 percent and 33 percent. MukPhoto\/Shutterstock<\/figcaption><\/figure>\n

According to\u00a0<\/span>Batdongsan.com.vn<\/span><\/a>,\u00a0Hanoi and Ho Chi Minh City\u00a0saw condominium prices increase, despite significant drops in demand for property searches and transactions in July due to COVID-19 surge.\u00a0<\/span>\u00a0<\/span><\/p>\n

Recent data from\u00a0Batdongsan.com.vn\u2019s\u00a0pages revealed that the level of interest in real estate dropped by 22 percent in July, while the number of property postings decreased\u00a012 percent.\u00a0<\/span>\u00a0<\/span><\/p>\n

Across multiple cities and provinces, particularly in the south, the number of property transactions plummeted as the fourth COVID-19 wave spread rapidly, and social distancing regulations were imposed.\u00a0<\/span>\u00a0<\/span><\/p>\n

Ho Chi Minh City, which currently has the highest number of infections, saw property postings and interest fell by 52 percent and 33 percent, respectively.\u00a0<\/span>\u00a0<\/span><\/p>\n

On the contrary, Bac Ninh and Bac Giang showed signs of optimism as interest in real estate increased by 40 percent and 22\u00a0percent\u00a0in July.<\/span>\u00a0<\/span><\/p>\n

Previously in May and June, interest in these two markets continuously decreased due to the negative impacts of COVID-19. However,\u00a0better containment of the pandemic in July paved the way for real estate in these two provinces to recover.\u00a0<\/span>\u00a0<\/span><\/p>\n

Looking at the condominium segment, interest dropped by two percent in Hanoi, while Ho Chi Minh City experienced 25 percent.\u00a0The number of\u00a0postings,\u00a0which reflect\u00a0supply,\u00a0also decreased by four and 44 percent, respectively.\u00a0<\/span>\u00a0<\/span><\/p>\n

More: Vietnam\u2019s coastal real estate presumes a slow rebound due to outbreak<\/strong><\/a><\/p>\n

Nevertheless, condominium prices continued to increase,\u00a0as\u00a0the average apartment prices in Hanoi and Ho Chi Minh City increased\u00a0by two percent from June.\u00a0<\/span>\u00a0<\/span><\/p>\n

The\u00a0<\/span>average\u00a0a<\/span>partment<\/span>\u00a0price\u00a0<\/span>in Ho Chi Minh\u00a0City is currently much higher than in Hanoi, with the average selling price in\u00a0July\u00a0recording at\u00a0VND53 million (USD2,330) per m2,\u00a0compared\u00a0to VND34 million\/m2 in Hanoi.\u00a0<\/span>\u00a0<\/span><\/p>\n

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The Property Report editors wrote this article. For more information, email:\u00a0<\/em>propertyreport@propertyguru.com<\/a>.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Condominium prices continue to rise\u00a0despite lower levels of interest in real estate\u00a0from the fourth COVID-19 wave\u00a0\u00a0<\/p>\n","protected":false},"author":12,"featured_media":24912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[2261,195,404,135],"class_list":["post-24911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-condo-prices","tag-hanoi","tag-ho-chi-minh","tag-vietnam","news_country-vietnam","news_author-property-report"],"acf":[],"yoast_head":"\nAverage apartment prices in Vietnam's major cities increase by 2% | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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