VOV.VN - The level of interest among foreign investors in local real estate projects has continued to see positive changes this year despite numerous difficulties caused by the impact of the COVID-19 pandemic, according to property consultants.

Vietnamese property technology (proptech) firms are attracting the attention of both foreign and domestic investors keen to grab a larger share of the country’s US$500-million market.

The State Bank of Vietnam (SBV) has requested local credit institutions and foreign banks’ restrict lending concentration for real estate and construction and consumption sectors, and Build-Operate-Transfer (BOT) projects.

Vietnam now has 1,733 real estate firms, up 27.1% from the corresponding time last year, according to the Ministry of Construction.

The real estate market has begun cooling down after a long hot spell.

BIM Land Real Estate, a member of BIM Corporation, has become Vietnam’s first unlisted firm completing the issuance of US$200-million green bonds without guarantee assets on the Singapore Exchange (SGX).

Tax policies for the real estate sector must be carefully studied and introduced at the appropriate time to ensure feasibility and limit speculation, according to the Ministry of Finance.

Vinhomes JSC and Nova JSC are among the top 10 prestigious firms in the real estate and construction sector this year.

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.

VOV.VN - US business magazine Forbes has recently published an article detailing real estate in Vietnam in which it starts out by stating: “Office rents rising in 2020? Positive GDP growth during a global health crisis? Seems unimaginable, unless you live in Vietnam.”