The performance of the real estate sector in Hanoi in the last three months of this year bodes well for 2021.

Difficulties in getting investment licenses, the imbalance of market supplies due to the investors’ lack of appetite for budget housing projects, and the Covid-19 pandemic have led to a rise in housing prices.

The Government’s focus on infrastructure development and the involvement of major property developers from the South would make the market more attractive.

The supply of budget apartments in Hanoi stood at the lowest level in the past five years.

The city would continue to explore opportunities to build new social housing projects to meet growing public demand.