Cash to dominate real estate market in 2013
(VOV) - Cash will dominate the real estate market in 2013, said Marc Townsend, General Director of CBRE Vietnam at a seminar in HCM City on January 15.
Townsend said 2013 will see a higher proportion of first buyers involved, especially in middle class segment projects.
CBRE hopes that the office-for-lease market will be stable in HCM City in 2013.
For retail segment, he said, tough competition for leading positions will make rental prices at the centres become stable and high. The reason is both old and new retailers will compete to secure the best position in the market.
CBRE affirmed that Vietnam remains attractive to investors despite some negative signs of macro-economic growth in 2012. Even those housing projects bottoming out will draw foreign investors who are planning to penetrate the Vietnamese market.