Symposium 2018 set for big take-off

An only premier real estate market event to be hosted by the Australian Chamber of ­Commerce (Auscham) in Vietnam is due to take place on November 8 at The Reverie Saigon Hotel in ­District 1 of Ho Chi Minh City.

The annual Vietnam Real Estate Market Symposium will bring together the most influential players from all sectors of the Vietnamese real estate industry for ­networking, learning and transactions.

The symposium agenda includes various topics, ­including market updates and trends, legal changes and ­issues, taxation and structural changes, investing overseas, a focus on Australia, trends and pitfalls, and what’s next for the future.

During the event, ­representatives from the ­Ministry of Construction, chairman of the Vietnam Real Estate Association Nguyen Tran Nam and ­chairman of the Ho Chi Minh City Real Estate Association Le Hoang Chau will feature as guest speakers.

On the list of ­moderators and presenters are Dao Nguyen, managing partner at DN Legal; Ninh Van Hien, partner from Tax and Corporate Services of KPMG; Nguyen Trong Thuc, senior manager of CBRE; and Rahul Parrab, a partner from Squire Patton Boggs (AU).

The event takes place amid an uptrend in the domestic property market, especially in Hanoi and Ho Chi Minh City.

Nguyen Van Dinh, deputy chairman of the Vietnam Real Estate Brokerage Association, two major markets of Hanoi and Ho Chi Minh City saw sustainable development in the third quarter of this year.

The two cities marketed over 20,000 new products with reasonable structure in those product sectors.

Prices of properties in the two cities were stable compared to the second quarter while about 13,000 products were traded successfully, bringing the absorption rate to 63.5 per cent.

In Hanoi, affordable condominiums accounted for 54 per cent of total traded apartments while in Ho Chi Minh City, high-end products dominated the market with 40.5 per cent, followed by mid-end with 36.5 per cent.

VIR

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