The development of e-commerce together with delays to import and export activities due to disrupted logistics services has accelerated demand for ready-built factories and warehouses during the COVID-19 outbreak in Vietnam.
While the COVID-19 epidemic has basically been controlled in Vietnam and business activities have resumed, the retail space market in Hanoi is gloomy with rentals down from 20-30 %.
Although Vietnam has been successful in containing the Covid-19 pandemic, the disease has raised concerns about the nation’s business environment and prospects for many businesses and industries.
Vietnamese landlords should consider shifting from their traditional fixed-rent model to base rents and revenue sharing like in many other countries to spread the risk, experts have suggested.
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.
Experts believe that the real estate market is unlikely to fall into a crisis and housing prices will be stable because market demand remains high while supply is limited.
Though the COVID-19 pandemic has cast a shadow over the global economy, the HCM City office space market has not been badly affected this year, according to property consultancy companies.
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.
Vietnam’s inventory of unsold luxury apartments was among the lowest in ASEAN last year despite double-digit surges in price, a new report says.
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.
With many investors getting duped by developers, the Ministry of Construction says it will enact new laws to regulate the condotel sector.
Ignoring analysts’ warnings, investors bought thousands of condotels, lured by developers' promises of high guaranteed returns each year.
Food and beverage and fashion and lifestyle will continue to drive demand in HCM City’s retail property market, according to real estate consultancies.
Many foreigners are keen to buy high-end apartments in Vietnam but the process is anything but straightforward.
Average monthly rents for retail space in Saigon`s central business district (CBD) reached $135.5 per square meter in Q3, up 5.8 percent year-on-year.
Foreign firms usually apply the ‘China+1’ model, which means that they build a facility in China and then look for a new destination to become an intermediary location or to serve as a target for expansion and relocation in the future.
Vietnam is second after the United States on the list countries where South Korean people and enterprises have spent a total of $440.11 million on buying real estate in 2018, drawing in $56.1 million.
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.