The purchasing power of apartments in Ho Chi Minh City has decreased significantly and yet, the demand for land for residential purposes is still recording positive signals.
The Government’s Decree 86/CP, which took effect on August 1, is expected to stimulate investment in education with a new regulation allowing foreign-funded schools to enroll more Vietnamese students.
Apartment rental yields in Ho Chi Minh City have declined slightly due to excessive supply, property consultancies said.
The HCM City property market has witnessed robust growth in various segments, such as retail space, offices, serviced apartments and hotels, according to property consultancy Savills Vietnam in a report on the local real estate market in the third quarter of this year, released on October 8.
The flow of foreign direct investment (FDI) into real estate in Ho Chi Minh City has followed the same trend as with the FDI movement into the country, with the property sector always among the top FDI recipients in recent years.
Since the Investment Law took effect in July 2015, Vietnam’s FDI inflows, and the real estate sector in particular, have significantly increased in terms of merger and acquisition (M&A) activities.
In the year-to-date FDI in real estate has been worth US$5.9 billion, the highest level in a long time and second in terms of sectors this year with almost a fourth of total investment, the Foreign Investment Agency said in a recent report.
From the mere 335ha of land used for industrial parks in 1986, the total area has since expanded to some 80,000ha, reflecting the strong development of industrial real estate in Vietnam.
Singapore’s leading real estate developer CapitaLand has recently announced that it has completed its third acquisition within a month in Vietnam.
The average absorption rate in Da Nang's apartment segment topped 93% in first half of 2018, a new report says.
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.
Amid narrowing credit sources and rising lending interest rates, property developers have been diversifying their capital mobilisation channels, including calling for foreign investment.
A good macro-economy has supported domestic growth and foreign direct investment (FDI) continues strongly. It has been a very healthy start to 2018 with solid performance across all asset classes.
Vietnam has witnessed major growth in the number of international hotel brands and foreign hotel management companies entering the country over the past few years.
New World, Diamond Plaza and other imposing construction works are considered symbols of a dynamic Ho Chi Minh City.
Vietnam’s retail sector earned about US$129.6 billion in 2017, a rise of 10.6% from the previous year, according to a report on global retail market trends of Savills Vietnam retail consultancy.
The retail sector in Vietnam has been going through revolutionary changes to serve a generation of local, tech-savvy consumers as well as an increasing number of tourists.
More than half of the investors seeking to buy land on Phu Quoc Island and areas to be used as special economic zones (SEZ) in the future are from the north and Hanoi.
Average hotel occupancy rate in Ho Chi Minh City reached 74% in the first quarter, increasing by 6 percentage points from the same period last year.
2017 has witnessed the rise of the office-for-lease segment in Hanoi and Ho Chi Minh City. It is believed that 2018 will act as a leverage for a boom in this segment in the following years.