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Cheap housing fair draws thousands

Update: October, 19/2013 - 10:51
Customers visit the second trade show of cheap social housing in Ha Noi. — VNS file photo
HA NOI (VNS)  — The second trade show of cheap social housing in Ha Noi attracted thousands of potential home buyers.

Deputy Minister of Construction Nguyen Tran Nam said the event would make the real estate market more transparent by connecting sellers with buyers.

Prospective buyers at the event wanted to purchase their houses directly from sellers, without going through real estate brokers, which would help boost the liquidity of the frozen real estate market.

The property market played a very important role in the market-oriented economy, he explained, so the current frozen market hugely affected the country's economic growth and many other industries.

The organising board received sales registration for more than 2,000 social and 1,500 commercial housing projects from property developers, as well as more than 2,000 registrations from potential home buyers.

Housing projects introduced at the show cost from VND9 million per square metre to VND12 million per square metre.

The show, jointly organised by the Ministry of Construction and real estate agencies, will take place from October 18 to 20. — VNS


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