Government policies and market forces are expected to propel the real estate sector for continued growth in 2024, with demand in industrial and office leasing segments expected to increase, according to experts from Savills Vietnam.

The increasing demand for fresh food and e-commerce is serving as the main driving force of the domestic cold storage market - a niche segment of logistics to boom in the coming time.

VOV.VN - Experts have warned that the real estate market will continue to struggle with limited access to capital, legal bottlenecks, and a general inability among companies to redeem bonds.

The attraction of large foreign direct investment (FDI) inflows from the US and Europe, especially into industries with high added value such as manufacturing, technology and pharmaceuticals, is a positive signal about Vietnam’s economic development and international cooperation as well as the country's efforts in improving its position on the global value chain.

Vietnam saw positive performance in the office market in its largest cities, Hanoi and HCM City, during the past nine months of this year, according to foreign real estate research firms based in Vietnam.

Real estate attracted US$1.94 billion in foreign direct investment (FDI) in the first nine months of this year, accounting for about 9.6% of total FDI to Vietnam in the period.

VOV.VN - Amid remarkable changes occurring in the global investment trend across many important real estate segments, the nation remains one of the destinations capturing great interest from investors thanks to its positive recovery capacity and the flexibility of the country’s economy, according to a recent report by Savills Vietnam.

The hotel room occupancy rate in Ho Chi Minh City in the first half of this year stood at 64%, reaching over 92% of the level in the first six months of 2019 before the COVID-19 pandemic broke out, according to Savills Vietnam.

Countries like Vietnam and Indonesia could be beneficiaries if firms start to look for low-cost production centres in Asia, particularly for labour-intensive and low-margin industries, Savills Asia Pacific has said.

The market is witnessing a significant number of mergers and acquisitions as large corporations and investment funds quietly acquire real estate businesses and projects in Vietnam.