HANOI, March 30 (Xinhua) -- Vietnam's residential property market rose considerably in March, according to the country's Ministry of Construction (MoC) on Thursday.
Some 1,000 transactions were made successfully in capital Hanoi, up 17.6 percent month-on-month while other 1,100 cases were signed in the southern metropolis Ho Chi Minh City, representing an increase of 22.2 percent against February.
Most transactions were done in the mid-end and high-end segments, whose supplies dominated the market while few affordable alternatives were available, the MoC's Housing and Real Estate Department assessed.
In Hanoi, the price continued to be maintained at a constant level across all segments compared to 2016, while in Ho Chi Minh City, only affordable projects with favorable locations and infrastructure saw slight increase in price.
In February, Vietnam saw transactions falling down significantly by 35 percent month-on-month due to consumers' decreasing demand during the traditional Lunar New Year holidays.
By the end of March, Vietnam's property inventory was reported at 29.57 trillion Vietnamese dong (1.31 billion U.S. dollars), down 4.67 percent compared to December 2016, said the department.
