Though the COVID-19 pandemic may linger into the end of 2020, the property market will bounce back soon and develop strongly in 2021 and 2022 thanks to the Government’s resolve and timely action, according to Savills Vietnam Managing Director Neil MacGregor.
Singaporean property developers are maintaining consistency with their ventures in Vietnam, based on generally healthy economic growth and an emerging middle class.
The apartment supply in Hanoi is expected to surge in the second half of this year to meet higher demand in this segment, according to Savills Vietnam.
The domestic real estate market is hoped to have growth in the fourth quarter of this year and before the Lunar New Year 2021 if, by this year-end, the domestic economy is restored to levels from before the COVID-19 pandemic, according to insiders.
The Ministry of Construction has proposed short- and long-term measures to ease the difficulties facing the country’s real estate market, with social housing development to drive the market forward.
Ignoring analysts’ warnings, investors bought thousands of condotels, lured by developers' promises of high guaranteed returns each year.
The property market in the southern province of Binh Phuoc is expected to heat up because of industrial zone planning from now to 2030, according to experts.
Vietnam’s real estate market became the second most attractive investment field for foreign investors after it lured 1.1 billion USD in foreign direct investment (FDI) during January-April, or 7.5 percent of the total FDI inflow just behind the manufacturing and processing sector.
Most of the capital influx was poured into the industrial property segment through mergers & acquisitions (M&A) deals.
The domestic property market showed stable development in the first quarter of this year with the emergence of potential new property trading regions.
More foreigners are buying apartments and investing in real estate in Vietnam, especially in Ho Chi Minh City, with most of them coming from mainland China, Japan, Singapore and the Republic of Korea.
Real estate attracts 23% of the total FDI injection into Vietnam in the first three quarters of 2018, property services firm CBRE Vietnam said on October 4.
Asian property developers are looking at Vietnam with great interest, according to industry insiders, both Vietnamese and foreign.
Sansiri Group, one of the leading real estate companies in Thailand, officially entered the Vietnamese market and announced a strategic partnership with real estate distributor Denzell.
The affordable apartment segment will be the star of the property market in the coming years, but its supply is increasingly scarce while the demand for this type of apartment remains high, according to an analysis by property services firm CBRE Vietnam.
Vietnam’s property market was attractive to foreign investors in the first two quarters of this year, with bustling merge and acquisition (M&A) activities, according to real estate firm Savills Vietnam.
Alpha King Real Estate Development JSC has launched its brand in the local market, aiming to make Vietnam its main real estate market over the long term.
The industrial property market in Vietnam, including industrial land, ready-built factories, warehouses and other logistics properties, is in the nascent stage of development, making the country an attractive destination for investors, reported US-based commercial real estate brokerage firm Jones Lang LaSalle (JLL).
There will not be much change in the property market in the second half of the year, a senior Ministry of Construction official has said.
The real estate market continues to be attractive to investors, but the level of competition would be much higher this year and the following years.