Mid-end apartment supply plentiful

A number of renowned investors, such as Vingroup and Eurowindow, will launch a large number of mid-end apartments, which are of high demand.

Over 20,000 apartments will be completed by the end of this year, of which 50% are of the mid-end segment, mostly in the west and southwest of Hanoi.A number of renowned investors, such as Vingroup and Eurowindow, will launch a large number of mid-end apartments, which are of high demand.

Other downtown districts, including Tay Ho, Dong Da and Ba Dinh are expected to have more high-quality projects.

In the second quarter this year, the supply of serviced apartments exceeded 4,130 units, with 60% of them in Ba Dinh and Tay Ho districts. 

The renting prices of these apartments have fallen slightly by 2.4% on a quarterly basis and 2.7% year on year.

An additional 1,180 apartments of this type will be made available in the third quarter, creating more competition pressure in this sector.

Source VNA