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VietNamNews

Ha Noi's real estate trading floors have tough year

Update: March, 02/2013 - 00:18

HA NOI (VNS)— More than half of the real estate trading floors in Ha Noi halted operations or did not have any successful transactions in 2012, according to the city Department of Construction's report.

The report, which focused on 94 trading floors in the city, showed that last year saw 1,833 successful real estate transactions with a total value of VND6.198 trillion (US$296.6 million).

According to the construction ministry's report, prices of apartments last year decreased by 5-10 per cent over 2011, especially those in Ha Dong and Thanh Tri districts, while land prices were 15-20 per cent lower.-VNS

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