Apartment prices rise in HCMC, Hanoi despite falling demand

15/09/2021 12:25 8

Apartment prices rise in HCMC, Hanoi despite falling demand


Apartment prices rose by 9 percent year-on-year in August in HCMC and by 8 percent in Hanoi despite falling demand, according to a popular real estate listing website. -

Batdongsan.com said in a report that searches on it for apartments in HCMC fell by 23 percent during the month and in Hanoi by 43 percent, indicating dwindling interest in this segment.

Limited land supply, rising land prices, delays in obtaining licenses, and a supply shortage are the reasons for the increase, she added.

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