According to a report on Hanoi real estate market conducted by Savills Vietnam, CBRE Vietnam, and JLL Vietnam, there is a decline in new supply in Q2-2019. In JLL’s report, the number of apartments launched for sale in Q2-2019 is 5,900 units, which is only half of supply in Q1, and mainly come from subsequent phase of existing projects. In CBRE’s report, Q2 records 98pct of apartments launched for sale in Hanoi are from mid-range and affordable segments, which means Hanoi is facing a shortage of high-end and luxury segments. According to Duong Duc Hien, Housing Business Director of Savills Vietnam for North and Central regions, Grade A projects only have true added-value potentials after having become operational for 2-3 years, and depending on criteria about building quality, managing-operation quality, and targeted residents.

Source: CafeF.