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Update news old apartments
As the supply of new apartments remains low, leading to price increases, people are buying older apartments instead.
Hanoi plans to spend about VND128 billion (US$5.3 million) to appraise the quality of old apartments across the city this year.
Experts have recommended investors consider carefully before buying old apartments to ensure investment efficiency.
Nineteen real estate companies have been selected for renovating and rebuilding 30 old apartment buildings in Hanoi.
VietNamNet Bridge – There are more than 1,500 old apartment buildings at risk of collapse across Viet Nam, but in the last decade, only five per cent were rebuilt.