High-end and luxury housing continues to be an attractive segment in the national real estate market, with high demand and a good purchasing scale, experts have said.
VOV.VN -Prices of luxury and high-end real estate in Vietnam are still attractive to foreigners when compared with other Southeast Asian regional markets, said the chair of the Vietnam National Real Estate Association, Nguyen Tran Nam, in a recent interview.
VOV.VN - Leading experts from the Republic of Korea (ROK) on March 14 held a training seminar in Hanoi for local energy efficiency operators and professionals in the real estate construction industry.
The real estate sector reported a reduction of VND1.45 trillion (US$63.6 million) in inventory in February from December, 2016 to an estimated VND29.6 trillion (US$1.3 billion), according to the Department of Housing and Real Estate Management under the Ministry of Construction.
Real estate transactions stalled in February due to the Lunar New Year holiday, according to the Ministry of Construction’s Management Agency for Housing and Real Estate Market.
Some 14,450 firms were newly established in the country in the first two months of this year, a year-on-year increase of 3.9%, the General Statistics Office (GSO) reported.
Low-cost housing projects planned by the municipal administration should have the same quality of construction and infrastructure as their commercial counterparts, Dinh La Thang, Secretary of the HCM City Party Committee, has said.
The real estate market in Vietnam has witnessed a burst of activity with interest from both foreign and local investors.
Numerous flagship/anticipated real estate projects with foreign direct investment (FDI) from Japan are expected to launch for sale in 2017.
The southern hub is in the grips of a major affordable housing shortage amid a rapidly growing population.
The city has land to develop suitable low-cost houses for only 1 percent of those in need, its real estate association said.
The Ho Chi Minh City Department of Construction has recently announced the results of a survey conducted on the status of housing in order to meet demand in the southern city.
The market segment for offices and retail space for lease in Hanoi is expected to become fiercely competitive as supply increases.
2016 was a successful year for the real estate market. However, with the fast growth of the economy and the real estate market, real estate developers are being forced to diversify products and apply more advanced technologies to anticipate the market of 2017.
Mergers and acquisitions in Vietnam's real estate market are expected to jump in 2017 as foreign investors look for local partners rather than starting their investments from scratch.
While Hanoians have lower incomes on average than Saigonese, they pay more for housing because of higher construction costs.
Vietnam’s hotel and resort market will see sustained or even accelerated growth in 2017, according to Alternaty, a real estate service company.
JLL Vietnam has reported that the real estate markets in both Ho Chi Minh City and Hanoi had a very strong 2016, with multiple new highs recorded in all facets of the residential market.
An economy with relatively high growth, the high proportion of foreign direct investment (FDI) capital and remittances spurred growth for the Vietnamese real estate sector in 2016 and the trend is expected to continue in 2017.
Many large and unexpected merger and acquisition (M&A) deals were made in 2016, with retail and real estate continuing to dominate the domestic market.