The number of foreigners buying real estate products in Vietnam has increased, but the domestic property market needs policies to attract more foreign investment, according to experts.
The mid-priced apartment segment in Ho Chi Minh City is developing strongly with demand and supply and liquidity all looking up, especially in the eastern part, experts said.
Latest updates from the Ministry of Construction showed that real estate inventories were on a declining trend but remained relatively huge.
Over the past decade, the pace of Danang’s development has been truly remarkable. The forward-looking city is rightfully proud of its new infrastructure and modern transportation systems as well as of its progress in lifestyles, social security, and food safety.
Accumulated foreign direct investment (FDI) in the real estate sector reached US$51.1 billion as of the end of September, accounting for 16.5 percent of the total FDI in Vietnam, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
The market segment for offices and retail space for lease in Hanoi has seen stable rental prices for grade A and B office buildings in the third quarter of the year, according to the CB Richard Ellis Vietnam(CBRE)- the world’s largest commercial real estate services and investment terms.
The upward trend of investment into the Vietnamese retail sector is raising the number of retail stores in the country’s big cities, which results in higher demand for prime locations in attractive real estate projects.
Though provincial real estate developers are less known than bigger firms in Hanoi, HCMC and Da Nang, they are rivals with powerful financial capability.
VOV.VN - More than 900 real estate, architecture and interior and exterior decoration companies showcased their latest products at the Vietbuild International Exhibition that opened today (September 27) at the Saigon Exhibition and Convention Centre in Ho Chi Minh City.
Real estate, architecture and interior and exterior decoration companies will showcase their latest products at Vietbuild International Exhibition to be held in HCM City from September 27 to October 1.
The latest proposal to tax an individual’s income from the interest accrued from the savings deposited in banks has become a bone of contention between the parties concerned.
Van Don, a rural district of Quang Ninh province in the northeastern region of Vietnam, may soon see a US$220 million resort complex.
The Ministry of Construction will submit a plan to the Prime Minister on promoting stable and healthy development of the local real estate market in this year’s fourth quarter.
VinaLand, the real estate arm of VinaCapital, has announced divesting its stake in the Vina Square project located in Ho Chi Minh City.
Vietnam’s resort real estate market has strong potential to develop, Japanese investors remarked at an event held by the property developer FLC Group in Tokyo on September 7.
Property investors in Vietnam have been scaling up their business, while more and more new investors have concluded M&A deals in the real estate sector.
Real estate ranked fourth among the most attractive business fields for foreign investors, with registered FDI capital of US$1.15 billion in the first half of the year.
The future of the ill-fated US$256-million Saigon One Tower remains uncertain after Vietnam Asset Management Company recently announced that the project will be seized due to the owners’ accruing significant bad debts.
To capitalise on the increasing interest of foreign real estate investors in Southeast Asia in general and Vietnam in particular, CapitaLand Limited has set up its first commercial fund in Vietnam named CapitaLand Vietnam Commercial Fund I (CVCFI) with a capital of US$300 million.
On August 2, the Government Standing Committee met to discuss the proposed law on special administrative-economic units and changes in the land law concerning foreign ownership of property.