After a period of rapid price increases, secondary market apartment prices in many projects are on a sharp downward trend, with many apartments being offered at discounted prices of billions of dong, yet still failing to find buyers.
"So many people need a home but can't afford one because the prices are too high. With apartment prices at 70 million or over 100 million VND per square meter, who can afford to buy one?"
The initial intention was to make a quick profit, but due to misjudging the potential, many investors are now suffering heavy losses after buying apartments.
When I pointed out to the owner of the dog that had "doed its business" in the apartment building's elevator, the beautiful girl frowned and scolded me for being too picky, saying, "What does an animal know? Why are you making a fuss about it?"
After peaking in October 2024, Hanoi apartment prices have been continuously declining; however, many people are not in a hurry to buy and are still waiting for further drops.
In the first quarter, apartment prices in Hanoi continued to rise, leaving many investors wondering if this trend will continue into the second quarter.
A four-seater car crashed into a series of motorbikes on Hoang Van Thu Street (Ho Chi Minh City) before plowing into the grounds of an apartment complex along the road.
According to OneHousing's Q2/2024 report, the supply of new apartments in Hanoi reached approximately 8.400 units, nearly equivalent to the total apartment supply for the entire year of 2023.
On March 24th, SDN, the project developer, and VietinBank (North Da Nang Branch) held a signing ceremony for a comprehensive cooperation agreement and a loan linkage contract for purchasing social housing at The Ori Garden project.
The amended Housing Law, upon its adoption, did not specify a duration of ownership, only a duration of use for apartment buildings, building upon the existing Housing Law.
Residents discovered the body of a water and electricity worker on the 4th floor of Tran Hung Dao Plaza apartment building in Ha Long City (Quang Ninh province), suspected of falling from a high floor.
Nghe An police have lifted the ban on charging electric vehicles in apartment building basements, requiring apartment complex management boards to supervise the charging process.
Whether a mini-apartment building is more than 7 stories high or less than 5 stories high, it must meet all fire safety requirements.
In 2019, the Cu Chi District Police discovered a series of fake Labor Medals and commendation certificates at Nguyen Minh Phuc's house.
The Ministry of Construction did not propose a time-limited ownership period for apartments in the draft amended Housing Law; therefore, people will still be able to own apartments permanently.
For a rent of $500 USD per month, many lodgers in Singapore not only accept sharing a room but even a bed with two other people and five cats.
The Hanoi People's Committee has instructed the Department of Construction to closely monitor the situation and prevent price surges or real estate bubbles in the city.
Along with the increase in house prices, apartment rental prices have also risen across the board compared to the previous year.
The districts of Dong Da and Thanh Xuan (Hanoi) have just announced that 35 apartment buildings, office buildings, karaoke bars, etc., are in violation of fire safety regulations.
In the first eight months of the year, apartment prices in Hanoi continuously increased, tripling compared to Ho Chi Minh City.
The Ministry of Construction has proposed two options for regulating the ownership period of apartment buildings, one of which stipulates that the ownership period is determined according to the building's lifespan.
The preliminary hearing in the Carina Plaza apartment fire case (District 8, Ho Chi Minh City) has not yet taken place because some of the participants in the proceedings and their lawyers have submitted requests for postponement.
On August 20th, a bizarre incident occurred at the Kim Van - Kim Lu apartment complex (Hoang Mai, Hanoi), where a husband personally assisted his wife in giving birth right in the apartment building's lobby.
Spending 14,5 million VND per month to rent a house to live alone, Kieu Chinh (22 years old) wants to live comfortably while she's young, instead of saving up for decades to buy a house.
Due to the complicated COVID-19 situation in the early months of 2022, the People's Committee of Ba Dinh District has not completed the relocation of residents in old apartment buildings according to the schedule assigned by the city.
People need to be aware of these things to avoid the risk of SARS-CoV-2 infection.
Of the 13 new COVID-19 positive cases in Hanoi, 8 are linked to Vietinbank employees, including a 1-year-old girl.
According to the new regulations, apartment buildings that have not yet reached the end of their service life but whose load-bearing structure shows signs of overall danger or risk of collapse must be urgently relocated.
The tragic accident occurred at the Vinaconex 1 apartment building (Trung Hoa ward, Cau Giay district, Hanoi) on the morning of July 1st.
Many apartment projects in Ho Chi Minh City and Hanoi will be launched in 2021 with record prices, pushing up the average price across the entire market.
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