HO CHI MINH CITY, Feb. 4 (Xinhua) -- More sales were recorded in Vietnam's domestic property market in January as compared to figures in December 2017, Vietnam News Agency reported Sunday.
According to the Vietnamese Construction Ministry's Housing and Property Market Management Department, the capital city of Hanoi reported 1,650 transactions, an increase of 13.8 percent than December, and the southern metropolis Ho Chi Minh City recorded 1,900 deals, a rise of 8.6 percent over December's figure.
According to the department, customers prefered to purchase apartments with one or two bedrooms with a price of about 1 billion Vietnam dong (44,012 U.S. dollars), but the supply was low.
The department said that by January 20, the value of the property inventory stood at 25 trillion Vietnam dong (1.1 billion U.S. dollars), a drop of 19 percent from the previous month.
The department also issued a report on the development of resort property, the hot spot on the property market.