2019 is expected to continue to be the year of the middle-end product market. — VNA/VNS Photo Huy Hung Viet Nam’s real estate market will see strong development in the middle-end apartment segment, according to experts. “2019 is expected to continue to be the year of the middle-end product market, with a reasonable price that is suitable for the budget of most people,” Duong Duc Hien, Director of Residential Sales at Savills Ha Noi, said at a press conference releasing a report on Ha Noi’s property market in the fourth quarter of 2018 held in Ha Noi this week. In addition, shop-houses, landed property and products that are built near convenient services will also attract end-users, Hien said. The market still has high demand for those products because of migration trends from other provinces and cities to large cities, the trend of separating households and degraded housing in cities. The market is not expected to witness new kinds of property, he said. The existing property products will see adjustments to make them more suitable to the demands of customers. For instance, the market will not see 90-sq.m apartments with three bedrooms, because the rooms are too small. Meanwhile, apartment design… Read full this story
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