According to the Ministry of Construction, an apartment building with less than 5 floors and a basement will cost 8,6 to 13,1 million VND/mXNUMX to build.2; 6 - 20 floors apartment, with basement, construction cost 10,1 - 12,9 million VND/m2; 21 - 35 floors apartment, with basement, construction cost 12,8 - 15,3 million VND/m2; 36 - 50 floors apartment, with basement, construction cost 15,6 - 18,3 million VND/m2.
The selling price of the apartment building is high compared to the construction cost
Regarding the investment rate for construction of social housing, housing for workers with a height of less than 20 floors, low-rise adjacent houses, the average price is from 5,1 to 8,8 million VND/m2.
Also according to the Ministry of Construction, compared with reality, the selling price of apartments in Hanoi and Ho Chi Minh City is many times higher than the construction unit price. Specifically, in Hanoi, a number of projects with high volatility increased in price in the quarter such as: Vinhomes Metropolis (Ba Dinh District) increased by about 3,5% (to 99,1 million VND/mXNUMX)2), Lac Hong Westlake (Tay Ho District) increased by about 3,6% (to 36,1 million VND/m .)2), Mandarin Garden 2 (Hoang Mai District) increased by about 4,1% (to 43,9 million VND/m .)2) ...
Some projects with significant price fluctuations in the quarter such as: Home City (Cau Giay District) decreased by about 5,6% (to 44,6 million VND/mXNUMX)2), Eco Dream (Thanh Tri District) decreased by about 5,3% (to 34,1 million VND/m .)2).
In Ho Chi Minh City, a number of projects increased in price in the quarter such as: Cosmo City (District 7) increased by about 3,8% (to 47,3 million VND/m)2), Hung Vuong 2 (District 7) increased by about 4,0% (to 34,8 million VND/m .)2). But some projects decreased in price in the quarter such as: The Grand Manhattan (District 1) decreased by about 4,4% (to 163,6 million VND/m)2), The Western Capital (District 6) fell about 3,8% (to VND36,1 million/m .)2) ...
According to the Ministry of Construction, there are projects with increasing and decreasing prices, but compared to construction prices are still much higher, home buyers are paying very high prices to own apartments. One of the main reasons is that the new supply is not much, while the demand for housing is large, the apartment prices increase, once a new price is established, it rarely decreases.
