Analysts from real estate consultant Jones Lang LaSalle have said domestic and foreign investors alike are actively seeking to purchase high-end hotels in downtown areas, mostly due to limited land supply.
With the government tightening control over permits, Hanoi’s second quarter new apartment supply fell to a seven-year low.
Vietnam has moved up five places to rank 56th out of 99 economies in this year's real estate transparency index.
Land for lease at industrial parks (IPs) in southern Vietnam is becoming increasingly scarce, according to data from real estate consultants Jones Lang LaSalle (JLL) on the supply of industrial land in southern IPs during the second quarter of this year.
Housing demand remains high in Ho Chi Minh City despite impact of the COVID-19 pandemic, according to US-based real estate and investment management services firm Jones Lang LaSalle (JLL).
Vietnamese landlords should consider shifting from their traditional fixed-rent model to base rents and revenue sharing like in many other countries to spread the risk, experts have suggested.
Though the COVID-19 pandemic has cast a shadow over the global economy, the HCM City office space market has not been badly affected this year, according to property consultancy companies.
Large office space and improved connectivity will be in high demand in coming years, according to market researcher Jones Lang LaSalle (JLL).
As one of the most dynamic economies in the region, Vietnam's retail market is attractive for many foreign investors, but it can also be challenging at the same time.
Food and beverage and fashion and lifestyle will continue to drive demand in HCM City’s retail property market, according to real estate consultancies.
In Ho Chi Minh City and Hanoi many old apartment and office buildings are becoming more attractive than ever because they are used as shops.
Vietnam needs to renew its real estate market to attract more foreign investors and increase the quality of foreign direct investment (FDI) in the sector, according to experts.
Vietnam is one of the most attractive destinations for the industrial sector in Southeast Asia and JLL expects that the trend will continue in the second half of 2019 and interest from foreign investors in Vietnam will remain strong.
Saigon office rents are rising across all categories despite new supply as demand remains high.
The office market in Hanoi was expected to face a shortage of supply with competition between offices for lease and co-working spaces likely to rise in the future, but was performing well at present, according to experts.
Several new development trends are emerging in the real estate market, which is expected to remain strong in 2019 since the economy continues to grow robustly and there is a lot of investment flowing into infrastructure.
The property market awaits technical standards for the development of small apartments, which may become a trend to deal with the housing crisis caused by the country’s rapid urbanisation.
Experts believe that following a stable year, the real estate market will continue to develop well, with no bubbles, in 2019.
Apartment rental yields in Ho Chi Minh City have declined slightly due to excessive supply, property consultancies said.
Growth in the domestic office market has continued this year and is set to remain at record levels well into the future after more than 7% growth in grade A rents last year, according to Savills Vietnam.