The hi-end property market in Ho Chi Minh City holds great attractiveness to Asian investors, especially those from China, according to CBRE Vietnam.
The US – China trade war would generate more opportunities than challenges for Vietnam’s real estate market, experts said at the Vietnam Real Estate Summit (VRES) in Hanoi on December 12.
Foreign investors are interested in Vietnam’s real estate market, given the presence of them in almost all largest transactions since the beginning of this year, said Vikram Kohli, Regional Managing Director of Southeast Asia of CBRE – the worldwide leader in real estate services.
The purchasing power of apartments in Ho Chi Minh City has decreased significantly and yet, the demand for land for residential purposes is still recording positive signals.
Apartment rental yields in Ho Chi Minh City have declined slightly due to excessive supply, property consultancies said.
The domestic market saw strong development in the landed property segment in the third quarter of this year, according to CBRE Vietnam’s report on the Hanoi property market.
The rapid growth of online business has slowed the shopping centre real estate market; however, experts say it has also provided a boost for the office rental market.
The affordable apartment segment will be the star of the property market in the coming years, but its supply is increasingly scarce while the demand for this type of apartment remains high, according to an analysis by property services firm CBRE Vietnam.
While some experts warn that a real estate bubble could occur in 2019, others believe there is no need to worry.
Businesses in Vietnam are facing difficulty in finding suitable commercial or office space as the rental rates have skyrocketed, especially in big cities.
The condominium market for sale showed signs of slowing down in the second quarter of this year, said Nguyen Hoai An, director of CBRE Vietnam’s Hanoi branch at a recent press conference to report on the capital city’s real estate market in the second quarter of this year.
In the second quarter of 2018, rentals for Grade A office space rose by as much as 17% due, a CBRE report says.
Co-working space in Vietnam is growing in terms of both suppliers and types of co-working spaces targeting specific renters, real estate service provider CBRE Vietnam said on May 29.
In the first quarter of the year, real estate developers launched massive new condo projects with tempting promotions. But will the market be in a position to absorb such an enormous supply?
Apartments for middle-income people remained hot for consumers, accounting for three quarters of the total apartments put on sale in the first three months of 2018.
Singapore, the Republic of Korea, Malaysia, Japan and Hong Kong (China) are the largest foreign real estate owners in Vietnam, according to a survey recently published by CBRE Vietnam.
Vietnam witnessed positive development in the real estate market in 2017 with increased transactions of apartments and reduction in real estate inventory.
Merger and acquisition (M&A) deals in Vietnam’s real estate sector are forecast to increase in 2018, driven by the market’s significant potential, experts said.
Foreign investors were once the buyers in M&A deals five years ago, but in many deals made recently, the buyers have been Vietnamese.
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.