The lobby of a hotel on Hang Be Street in the heart of Hanoi that used to be full of tourists is now filled with furniture.
The apartment supply in Hanoi is expected to surge in the second half of this year to meet higher demand in this segment, according to Savills Vietnam.
Hospitality was among the first industries in Vietnam to be hit by the COVID-19 pandemic and will likely be among the slowest to fully recover, according to market researcher Savills.
More and more domestic real estate firms have begun to seek investment opportunities in global markets, according to Savills Vietnam.
The hospitality sector in Vietnam this year will face losses due to the novel coronavirus (nCoV) outbreak, researcher Savills has said.
The real estate market of Hanoi saw high demand for Grade A apartments for rent and sale in the third quarter, according to Savills Vietnam’s quarterly report on Hanoi's property market.
The property market in Vietnam has received increased FDI inflows during the past years. VIR talked with Savills Vietnam managing director Neil MacGregor about his assessments of these FDI flows and expectations for the property market in the year ahead.
The serviced apartment segment in Hanoi witnessed solid performance by Grade A and branded operators in the third quarter of 2019, according to Savills Vietnam.
Prices of Grade A offices in the capital have been forecast to rise over the next three years by seven per cent annually due to low supply.
The domestic hotel industry will face many challenges during development, especially in the application of technology, according to an expert from Savills Vietnam – a foreign property service provider in Vietnam.
Industrial properties are forecast to meet the needs of foreign direct investment (FDI) enterprises in Vietnam, according to Savills Vietnam’s industrial market report.
Many companies are moving their factories from other countries to Vietnam, showing the potential for strong development of industrial real estate, according to Savills Vietnam.
Due to lack of a legal framework, the condotel market remained tight through the first half of the year.
The office market in Hanoi was expected to face a shortage of supply with competition between offices for lease and co-working spaces likely to rise in the future, but was performing well at present, according to experts.
The hospitality market in Vietnam, which has been an attractive sector for investors over the past few years thanks to its consistent growth, is expected to continue to expand this year, partly due to global trends, according to Savills Hotels Asia Pacific.
Total retail sales of goods and services in Vietnam reached nearly VND4.4 quadrillion (US$191 billion) in 2018, representing a rise of 11.7% against the previous year, according to the General Statistics Office (GSO).
VOV.VN - The housing market of Ho Chi Minh City has been driven by the soaring demand for apartments, particularly those at the cheaper end of the market, according to the real estate service provider Savills Vietnam.
Vietnamese developers were recently trained on how to turn their projects into Urban Branded Residences – a popular product in the world that is so far unfamiliar in Vietnam.
Once banks restrict lending, this will affect the real estate market. However, experts believe that no negative impact on the market will occur.
The average absorption rate in Da Nang's apartment segment topped 93% in first half of 2018, a new report says.