The primary prices of apartments are likely to increase about 5 – 7% annually over the next three years due to higher product positioning and expectations for more launches of high-end apartments in prime and central locations, according to CBRE Vietnam.
In Vietnam's real estate market, the leasing demand also recorded positive signals, with the amount of absorption area in Ho Chi Minh City and Hanoi in the first two quarters of 2021 were close to pre-pandemic levels.
Contrary to all predictions, the real estate market has been hot during the pandemic. People are rushing to buy apartments for fear that prices will escalate after the pandemic ends.
VOV.VN - The local logistics sector has emerged as the most attractive segment of foreign direct investment (FDI) during the seven months of the year, according to industry insiders.
The property market is expected to recover and become more vibrant in 2021-22 when COVID-19 is controlled and many mergers and acquisitions are carried out.
Despite the pandemic restrictions, the race to open more shops between coffee brands continues full steam ahead.
Strong construction activities in many different types of property and areas in Hanoi signal the strong recovery of the capital’s real estate market from this year onwards, according to CBRE Hanoi Branch Director Nguyen Hoai An.
Population in Phu Quoc likely triples in 2030, resulting high demand for hospitality industry.
The industrial market is the only real estate sector that has enjoyed positive progress in both rental rates and occupancy rates during the COVID-19 pandemic.
Real estate sales will be another key driver of credit growth, as apartment supply and sales are likely to pick up in 2021.