The Vietnamese real estate sector has been attracting a large proportion of international investment inflows over the past years and the country is expected to remain one of the world’s most attractive markets for foreign developers in the years to come.
A wide range of products and services related to real estate, architecture and interior and exterior decoration will be showcased at the Vietbuild International Exhibition which will be held in Ho Chi Minh City from September 26-30.
VOV.VN - The Vietbuild Ho Chi Minh City 2018: International Exhibition (Phase 2) will take place at the Saigon Exhibition and Convention Centre from September 26-29, according to an announcement from the organizer at a press conference to introduce the event in HCM City on September 21.
More foreign invested real estate projects have been registered recently, while more M&A deals in the sector have also been reported.
At several real estate projects in Ho Chi Minh City, especially in districts 2 and 7, the number of apartments sold to foreigners has reached the mandated ceiling.
Asian property developers are looking at Vietnam with great interest, according to industry insiders, both Vietnamese and foreign.
Remittance is an important factor in enhancing the liquidity of Vietnam’s real estate sector, as the amount of the money flowing to Vietnam in the recent years has continuously increased, according to market watchers.
Foreign direct investment (FDI) registered in Vietnam in the first eight months of this year witnessed a year-on-year increase of 4.2% to US$24.35 billion.
2018 marks ten years since the downturn in Vietnam’s real estate market and nearly five years of recovery. As with a decade ago, FDI inflows are concentrated in the high-end residential segment, according to the latest report from JLL.
As many as 200 foreign delegates – including heads of the world’s leading real estate associations, developers, and speakers – and nearly 1,000 domestic officials, economists, and enterprises, have registered to join the International Real Estate Conference (IREC) 2018 that will take place in Hanoi from September 5-7.
The Prime Minister’s approval of a proposal on Vietnam’s smart city development to 2025 with a vision to 2030 will strongly affect the market and form a smart property trend, held experts at a conference in Ho Chi Minh City on August 11.
Vietnam has become an attractive destination for many foreign investors largely due to the country’s friendly policies encouraging FDI, its political stability and strong economy, the latest report of US-based John Lang LaSalle (JLL) said.
In the first 7 months of 2018, total FDI-including newly-registered, additional FDI and capital contribution-reached US$22.94 billion, up 4.6% year on year.
Social housing development not only improves societal strength but also boosts the economy overall, said Minister of Construction Pham Hong Ha, emphasising that Government spending on social housing can lift the real estate industry as a whole.
The real estate sector in the central province of Quang Ngai has strong potential to grow, thanks to its geographic attributes but still-low property prices that appeal to investors.
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.
Retail, consumer goods, and real estate are forecasted to lead the Vietnamese mergers and acquisitions (M&A) market in 2018. In addition, the value of the M&A market is forecast to stay above $6 billion.
Singaporean Frasers Property Limited of Thai billionaire, the new shareholder of Sabeco, recently announced plans to buy 75 per cent of Phu An Dien Real Estate JSC (PAD), a subsidiary of Tran Thai Land Company Limited, for $35.2 million.
The apartments for sale segment in both Hanoi and Ho Chi Minh City saw a downturn in the first half of the year.