Villas, condotels see few buyers in Q2
Nearly 60 percent of the 27 villa and condotel projects that entered the market in the second quarter with 3,251 units saw no transactions.
According to real estate service provider DKRA Vietnam’s latest report on the villa-condotel market segment in the southern region, the fourth wave of Covid-19 has hit its recovery.
Only around 60 beachfront villas at 10 projects, mostly in Ba Ria Vung Tau and Binh Thuan provinces, and 600 condotels were sold.
DKRA said 1,500-2,000 condotels would enter the market in the third quarter, mostly in Da Nang City, Quang Nam Province and Phu Quoc Island.
In the second half, 1,000-1,500 beachfront villas would also be launched, mainly in Ba Ria Vung Tau, Binh Thuan and Phu Quoc, along with 1,500-2,000 street houses and shophouses, it said.
It expected the real estate sector to remain severely affected by the pandemic, resulting in high unsold inventories of villas and condotels, and said liquidity would recover only after the pandemic is controlled and vaccination is accelerated.
Source: VNE
< Prev | Next > |
---|
» Vietnam stocks ‘extremely cheap’: Finnish fund
» SEA Games women's football final: Vietnam 1-0 Thailand
» SEA Games women's football final: Vietnam 0-0 Thailand
Latest Category Posts
- Vinhomes launches the mega-urban project - Vinhomes Ocean Park 2 - The Empire
- HCM City asks to tighten credit in high-end property
- Construction material hikes put pressure on property prices
- Hà Nội property market in Q1 sees recovery in most segments
- Việt Nam to amend inadequacies in Land Law
- Entries open for the 8th PropertyGuru Vietnam Awards
Popular Category Posts
- Entries open for the 8th PropertyGuru Vietnam Awards
- Proposed new property tax divides opinions
- Housing prices soar in the south: property consultancy
- Top 10 prestigious real estate companies in 2022 announced
- Modern serviced apartments a hit with HCM City youth
- High-end segment dominated HCMC housing supply in 2021
- HCM City asks to tighten credit in high-end property
- Construction material hikes put pressure on property prices