More hotels have got underway in Hanoi, indicating that the capital city is growing attractive to hotel investors.
Retail space is set to be a cash cow for the property sector soon, particularly in Hanoi and Ho Chi Minh City.
While Hanoians have lower incomes on average than Saigonese, they pay more for housing because of higher construction costs.
Vietnam’s real estate market will continue to see stable development in the apartment segment with abundant supply in 2017, a recent conference in Hanoi heard.
The Government will continue putting the brakes on credit growth in the heated real estate sector in the next 2-3 years.
Savills Vietnam was appointed to provide property management services at Masteri Thao Dien, a landmark project in District 2 of Ho Chi Minh City.
The industrial real estate market has picked up pace in 2016 as foreign investment continues to pour in Vietnam.
Giant East Asian manufacturers were major clients of industrial parks across Vietnam in the first half of 2016, according to a report on industrial real estate released on October 4 by Savills Vietnam.
A recent report from the Ho Chi Minh City Real Estate Association (HoREA) reveals that the number of real estate transactions has stagnated and there has been a clear trend towards the high-end segment.
Savills, Vietnam’s largest real estate services provider, will officially open its first full office in Danang, marking the company’s dedication to growing its business in the property market of Vietnam’s central region.
The landed property sector is outperforming other segments to become Vietnam’s most attractive investment channel.
Singaporean developer Low Keng Huat Limited has reportedly sold a four-star hotel in downtown Ho Chi Minh City to an undisclosed investor for US$49 million.
The apartment markets in Hanoi and Ho Chi Minh City showed positive signs in the second quarter, property consultancy company Savills Vietnam has said.
As the Vietnamese residential property market picks up, buyers are spending millions of dollars snapping up luxury properties.
March 27 marked the launch of sales of condotels and villas at two hospitality real estate projects in Phu Quoc island. developed by Sun Group.
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.
Beachside land in the centre of Danang city is being hunted by real estate investors because of the potential high profit due to the large number of tourists in these areas.
Total apartment sales in Ho Chi Minh City reached nearly 7,700 units in the fourth quarter of 2015, up 47% from the previous quarter, according to Savills Vietnam’s Market Brief released on January 29.
The resort market in Vietnam will see feverish investment this year due to its great potential, according to experts.