VOV.VN - Although Vietnam was badly impacted by the COVID-19 pandemic in the first two quarters of the year, its real estate market has still received 500,000 new supplies, representing an annual increase of 270%.
The acceleration of investment in transport infrastructure is the main driving force fueling real estate stocks as many businesses with large land plots located in areas near key infrastructure projects will benefit from this process.
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.
The change in tourism trends caused by the COVID-19 pandemic has made coastal real estate near HCM City attractive to tourism property developers.
With a total registered capital of nearly US$1.6 billion during January-August, real estate continued to rank third among 18 sectors in attracting foreign investment (FDI).
Vietnam reeled in more than US$19 billion from FDI attraction in the first eight months of this year, according to the Ministry of Planning and Investment.
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.
Despite the pandemic impacting the resort, hotel and rental market, the housing and apartment segment still has projects for sale at record prices.
The securities market is witnessing foreign investment funds like Dragon Capital, VinaCapital and PYN Elite Fund making transactions involving and big investments in real estate stocks.
Despite difficulties from the COVID-19 pandemic, the real estate market has maintained stability thanks to support policies from the Government.