The Ministry of Construction has sent a proposal to the government to permit non-national individuals and organisations to purchase holiday property in Vietnam.
Property firms are gearing up to tap opportunities from the post-pandemic recovery of the real estate market, which was predicted to soon get back on its feet.
Resort real estate is one of the segments expected to see the fastest pace of recovery in the post-pandemic times.
Amid the fourth industrial revolution (Industry 4.0) many property developers in Vietnam are seeking to adopt digital technology both for enterprise management and in their projects.
Despite a small supply of new projects at rather high prices, both investors and experts are optimistic about the prospects of this market – with good reason.
Suspended ventures due to lack of administrative procedures are instigating a severe shortage of supply and sharp increase of prices of the property market in Ho Chi Minh City, as well as in outskirt areas.
Instead of investing millions of dollars to build properties in HCM City’s inner districts, real estate developers are renting properties and furnishing apartments and putting them up as mid-priced serviced apartments for rent.
Supply and consumption of condotels and resort villas fell by double digits in Q3 as the ‘ghost month’ held investors back.
The merger and acquisition (M&A) market since last summer has witnessed a surprising switch among top segments, with major activities in real estate overcoming consumer goods, leading to positive signs for the market for the next 12 months.
Investors in low-cost housing projects in some southern localities are complaining about big losses due to unfair regulations.
‘Smart homes’ are becoming a new trend in Vietnam’s housing market, however experts say that standards for ‘smart’ projects are needed.
With Vietnam set for rapid urbanisation, sustainable development is an urgent task for the property sector, a seminar heard in HCM City on July 19.
The eastern part of the city will still be hot in 2018, while infrastructure works in the western part will attract house and apartment buyers, analysts say.
Foreign direct investment (FDI) flows into real estate have been very high so far this year, and a new record is expected to be set this year.
2017 was a discouraging year for investors who poured money into condotels. However, analysts believe that once legal problems are settled, investment in this type of property will be increasing rapidly.