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Update news Hanoi's estate market
The Ministry of Construction has asked the Hanoi People’s Committee to inspect projects and apartment complexes with sudden price hikes, to better regulate the city’s real estate market.
Hanoi’s Department of Construction recently announced eight more housing projects can be owned by foreign organisations and individuals.
Rising housing prices in Hanoi were mainly due to scarce supplies and higher prices of construction materials.
Despite low liquidity, the prices of apartments in Hanoi have sharply increased due to the shortage of supply.