Though the second wave of COVID-19 dashed hopes for quick tourism recovery in 2020, real estate services firm CBRE Vietnam believed the industry’s long-term outlook remains positive.
Industrial zones have been left unused for years, according to the Ministry of Planning and Investment.
The new launch of condominiums in the second quarter of this year (Q2) nearly tripled that of the previous quarter, showing recovery of sales activities, according to CBRE Vietnam's quarterly report on the Hanoi market released at a recent online press conference.
Despite the impact of the COVID-19 pandemic, the retail market in Vietnam in the first quarter of this year still recorded positive results from e-commerce, online shopping and delivery services.
VOV.VN - No matter what recovery scenarios occur as the nation begins to emerge from the effects of the novel coronavirus (COVID-19), this year’s hotel market is expected to witness a sharp decline in terms of room capacity and will only get back to normal levels in 2021.
Around 61% of respondents have not been offered relief by landlords, a flash survey of the impacts of COVID-19 done by CBRE has found.
The Hanoi office market fared relatively well in the first quarter this year despite the COVID-19 pandemic, according to CBRE Vietnam.
Real estate business and housing construction in Ho Chi Minh City have been hit hard by the COVID-19 pandemic, with significant decreases recorded in supply and demand, according to market watchers.
The HCM City Real Estate Association (HoREA) has called on the Government to resolve problems related to legal and administrative procedures and access to funding and cut lending interest rates to revive the property market.
Affordable apartments only accounted for 2 percent of housing supply in Ho Chi Minh City last year while luxury apartments made up 6 percent, CBRE says.
The supporting industry boosted the development of Vietnam's industrial real estate market last year, according to CBRE Vietnam Co, Ltd.
Vietnam's real estate market continues to attract foreign investors because of its growth potential, especially investors from the Republic of Korea, according to real estate consulting companies.
Western area was the major supplier of condominium projects in the capital city of Hanoi, accounting for 77 percent of the total new units in the second quarter, said CBRE Vietnam, a provider of commercial real estate services, at a meeting in Hanoi on October 9.
Co-working spaces have become the choice of many startups and small and medium sized businesses.
The number of real estate transactions in HCMC has fallen 49 percent year-on-year in the first three months of 2019.
Demand for shophouses is soaring in Ho Chi Minh City with the mushrooming of small service establishments, experts said.
After 16 years of joining and developing with the Vietnamese real estate market, CBRE Vietnam has recently marked a memorable milestone by introducing a totally new look for its main office in Ho Chi Minh City.
‘Smart homes’ are becoming a new trend in Vietnam’s housing market, however experts say that standards for ‘smart’ projects are needed.
Despite challenges arising, the real estate market in Vietnam ended 2018 in a good place, and expects to remain stable this year.
High-end apartment projects are favoured by foreigners looking for property in Vietnam.