Apartment in Hanoi Vietnam - There is no end

Although the apartment market in Hanoi Vietnam has dropped the price quite a lot but he still Dong Thanh Tung said that the next time, condominium prices will certainly go down adjustment. The unit has pioneered a discount is certainly the other investors whether or not prices can not hold anymore and the script of a bulk discount in the future is inevitable. Moreover, the customers themselves of the apartment projects that the money should not have been forced to reduce prices, there is no reason for investors to retain the old price and it is also cause investors were forced to discount.

One important reason is that previous construction apartments for sale should bring high profit, if any discounts are now several million per square meter is also able to make the investor to losses, so investors are not demanding anything stupid that heap to hold property and not never know when to sell debt and creditors pressed continuously. They will hear, if the market still dismal today, surely investors will continue to reduce the price, accept no profit or even losses may be slightly broken "leg" from the mire business property and move to other areas.

 Bui Duc Long - Chairman Investment Group and the Housing Development Vicoland in Hanoi said that more low-income housing projects or commercial housing price was "offered" the past and are continuing to develop implementation in the future as well as factors pulling down the price of condominiums. With about $ 14 million per square meter per apartment and 20 to 22 million VND per square meter is high investor can profit. Due to the demand of the people of Hanoi Vietnam is a great time to be sure the commercial segment will be boosted price, then condominium prices today will definitely be an adjustment go down again.
And one of the actors are almost all experts believe that the government continue credit tightening to combat inflation property should of course be difficult for investors to finance at least the end of the year 2012. Then the investor currently the project is no longer any way to rely on capital from the home buyers. While frozen, the market investors will be no more surfing and make room for those who really need to stay, but this object is certainly only accept a reasonable price, so to selling investors no other way but to accept lower prices in accordance with its actual value.
Assessing the market in the future, TS. Phan Van Khanh - Economic Construction Department, Ministry of Construction said: "The price apartments, especially in middle and high level segment will also be reduced further by the current price is not about price. It is inevitable, as the market transparency, things have similar incomes. The forecast reduction is everyone's right, the market still takes place under its rule, I personally believe that the market was down another 20% make more to come. "