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Tag: housing projects hanoi
New measure expected to boost low-cost housing development
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.
Lack of budget housing challenges Hanoi property market
The average prices of new apartments for sale in Hanoi in 2022 are from VND30 million (US$1,311) per square meter onwards, which target customers of middle- and high-income groups.
Hanoi speeds up execution of housing projects
Contractors deemed incapable of performing the works will have their investment licenses revoked. Meanwhile, others will be selected through competitive bidding.