Real estate businesses in Ho Chi Minh City are gingerly reopening, mostly consulting and carrying out transactions online due to the COVID-19 prevention and control regulations still in force.
VOV.VN - Vietnamese Ambassador to Algeria Nguyen Thanh Vinh on October 20 - 21 made a fact-finding trip to Constantine, the third largest economic hub in Algeria which holds great potential for tourism, cultivation, animal husbandry and pharmaceutical development.
The pandemic and social distancing have not restrained apartment price increases. Even with VND1.5 billion, it’s difficult to buy an apartment in the Hanoi suburbs.
Over US$16.91 billion has been raised from sales of corporate bonds in the first nine months of this year, according the Vietnam Bond Market Association (VBMA).
VOV.VN - Although the local real estate market has been hit by the COVID-19 pandemic, leading to poor liquidity and a fall in supply to the market, property prices have continued to increase, according to economic experts.
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.
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.