The property market of Vietnam is attractive to foreign investments due to the country’s rapid ubanisation, open policies and improved investment climate, experts said.
Vice Chairman of the Ho Chi Minh City People’s Committee Le Van Khoa asked relevant departments to improve management and take measures to tackle factors that could create the conditions for a property market bubble.
Experts, speaking at a recent conference in Hanoi, gave three scenarios for the 2017 domestic property market, with the most likely one being that the market will move sideways.
The strengthening of the property market with housing and other construction mushrooming all over the country has sharply pushed up the demand for system air conditioners.
The property market expects to see a wave of developers expand into affordable housing developments, which faced a severe shortage until the Government took steps to promote investment.
The idea of taxing those owning multiple houses, in a bid to prevent speculation, is causing a stir over whether such a tax is feasible, and the impact it might have on the housing market.
Over the past year, capital flows from Japan, Singapore and the Republic of Korea have been heading for the Vietnamese market.
Real estate attracted the second largest volume of foreign direct investment with 34 new projects worth US$1 billion in the first nine months of this year, or 6.1% of the total, according to the Ministry of Planning and Investment’s Overseas Investment Agency.
Real estate firms’ shares have become more attractive to investors as the property market recovery is expected to reap big profits.
VOV.VN - A contingent of Japanese real estate investors performing a due diligence tour of the Ho Chi Min City and Hanoi markets have said they find them to be highly attractive ‘Frontier Markets’ with high potential.
The key principles of the AEC is to facilitate a single market and production base, the free movement of goods, services, investment, and ease the cross border flow of capital all of which bodes well for each sector of the real estate in Vietnam.
The property market will continue recovering but experts told an online forum held by Dau Tu (Investment) newspaper recently that they do not expect breakthroughs in the second half of this year.
The Vietnamese real estate market is poised for strong growth in the next 15 years, but the Government should prevent speculation to avoid a bubble and improve human resources and infrastructure to attract foreign developers as the country integrates, a foreign expert has said.
The 2016 Property Report Congress, the country’s most exclusive real estate conference where Asian real estate leaders meet, opens today at Ho Chi Minh City’s InterContinental Asiana Saigon Hotel.
The development of Cam Ranh has attracted many international resort and hotel management corporations such as Accor, Carlson Rezidor and Mövenpick.
House prices in Vietnam may have hit bottom and are likely to remain stable before rising again in 2018, industry insiders have said at a recent conference in Hanoi.
The positive development of the local economy was the continued growth of the domestic property market in the first quarter of this year, according to experts.
Savills Vietnam, the largest property company in the country, forecasts that the real estate market will be on the upswing in 2016, thanks to improved economic conditions, monetary policies and international trade agreements.
The real estate in Laos has seen changes in recent years as more investors have been engaging in building apartments and houses for rent.
The property market in Ho Chi Minh City will see good prospects for all segments this year and the retail sector will see new trends, according to experts in the field.