Despite significant deals from Japanese investors during the first five months of the year, the development of mergers and acquisitions in real estate remains uncertain in the second half of the year due to the long-term impact of the coronavirus pandemic.
The slowdown in 2019 and the arrival of the COVID-19 pandemic in the opening months of 2020 saw Vietnam’s property market hit “double trouble”, but experts have said the possibility of a quick recovery remains, especially as the outbreak has been largely brought under control in the country.
Successful property transactions accounted for 14% of the total existing units in the first quarter of 2020, marking a decrease of 60% from the same period last year and also the lowest in the past four years, according to a report.
Social housing could be the solution to driving the real estate market out of this difficult time caused by the COVID-19 pandemic, according to the Ministry of Construction.
Da Nang city and Thua Thien-Hue province in the central region have approved some key property projects for construction in the third quarter of this year, calling for investment to help recover the real estate market growth that was postponed by the COVID-19 pandemic.
VOV.VN - 2020 would be another difficult year for Ho Chi Minh City’s real estate market due to lingered tight credit and red tape for real estate projects.
VOV.VN - Additional foreign investment inflows in real estate went up during 2019 while credit in the sector bucked a downward trend, signalling its reduced heavy reliance on bank loans.
The prime minister has asked several ministries, agencies and local governments to report on the risk of the domestic real estate market being dominated by foreign entities, given the recent influx of foreign investment into the sector.
VOV.VN - The real estate market of Danang city enjoyed thriving developments in three key segments during the first half of 2019, as reported by real estate service provider Savills Vietnam.
The real estate sector has announced a number of joint venture projects with the Republic of Korea (RoK) and Japan in the past three years.
The real estate market in the northeastern province of Quang Ninh is booming this year, in line with previous forecasts.
The Ho Chi Minh City's housing market is expected to recover again after being flat for over one year with support from the local government.
VOV.VN - Vietnam’s real estate market would see a decline in supply due to tight credit and land fund, experts have claimed.
Vice Chairman of the Vietnam Real Estate Association (VNREA) Nguyen Manh Ha has stated that there is still room for resort real estate to develop, especially in new markets.
Authorities are planning to continue tightening credit for real estate in the time ahead, which is hoped to have positive impacts on the market, heard a forum in Hanoi on May 4.
Many foreign investors, including the UK’s Savills Estate Agents, have regarded Vietnam and Ho Chi Minh City in particular as a promising market in the property sector, Savills Group CEO Mark Ridley has said.
The real estate market in Vietnam is the most attractive in Southeast Asia, according to Director of Japan’s Global Link Cooperative Yoshinori Nakata.
Though the government’s policies have contributed significantly to raising the interest of foreign investors in the Vietnamese real estate sector in recent years, experts suggested revisions are needed to make the market more attractive to the investors.
VOV.VN - Housing, retail properties, and apartments for rent in the northern city of Haiphong are predicted to gain big interest from foreign real estate developers in 2019, according to a Savills expert.
According to experts, Vietnam’s real estate market will continue to charm foreign investors thanks to high liquidity and alluring profit-making prospects.