A lull in the Ho Chi Minh City real estate market is pushing developers to offer promotions to bring back buyers.
In the first seven months of this year, along with developing new projects, Nova Real Estate Corporation (Novaland), one of the leading property developers in Vietnam also expanded its operations via mergers and acquisitions (M&A).
The real estate market will see an abundant supply of mid-end apartments toward the end of the year, according to the Vietnam National Real Estate Association.
According to experts, the estimated US$3 billion spent by Vietnamese people to purchase US residential property could have been transferred largely through illegitimate ways.
The “Profile of International Activity in US Residential Real Estate” report published by the National Association of Realtors in June 2017 showed that foreign buyers spent a total of $153 billion on purchasing residential property in the US between April 2016 and March 2017.
Japanese developer Meada Group has recently expanded its portfolio in Vietnam by partnering up with domestic Thien Duc Company to build Waterina Suites, a high-end residential project in District 2 of Ho Chi Minh City.
A rising number of investors in Ho Chi Minh City have been targeting the lucrative real estate market over the past couple of years.
The resort market segment in Hanoi remains untapped and awaits strong investments.
Apartment sales in Hanoi declined in the second quarter, while their supply increased in the first half of the year, a new report says.
The bad debt in the real estate sector could be resolved if steps are taken to resume suspended projects, according to the Ho Chi Minh City Real Estate Association (HoREA).
Vietnam's housing market is improving with a longer real estate cycle, according to property consultancy firm Savills Vietnam at a conference about stabilising the macroeconomy held on June 27.
Ho Chi Minh City’s real estate market in the 2017-20 period will see major changes as supply and demand will gradually adjust, stabilising and strengthening the market, according to the city’s Real Estate Association.
The rapid rise of apartment blocks along several small roads in Hanoi has strained traffic infrastructure with thousands of new residents arriving at once.
After more than six months, PropertyGuru Vietnam Property Awards 2017 ended successfully, with 63 outstanding developers, developments, and designs.
Half of consumer loans in Vietnam are mortgages or related to house repairs, which raises fears about banks’ liquidity.
Nguyen Thi Hong, deputy governor of the State Bank of Vietnam, said as of May end bank credit had grown at 6.58 per cent in the year-to-date, an eight-year high.
The increasing interest rates on house buying and housing repair loans at commercial banks raise worries about the liquidity of the Vietnamese economy.
The Vietnamese real estate market continues to attract capital from regional foreign investors, mostly through mergers and acquisitions.
The country's resort sector is looking like an attractive proposition as tourist numbers continue to climb.
Vietnam Property Awards, though only three years old, has already proven itself as one of the most recognised and credible industry awards in the country, with the participation of the biggest names in real estate.