While in many other countries generation Y (born from 1981 to 1991) is struggling to get a foot on the property ladder without help from parents or grandparents, youth in Vietnam has been inheriting or receiving significant financial support from the older generation, according to experts from Savills.
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.
Ho Chi Minh City’s real estate sector attracted US$984.4 million in foreign direct investment (FDI) during January-November, triple the figure from the same time in 2016.
Vietnamese fashion and garment companies have usually focused on outsourcing and have ignored branding. But the business strategy will no longer fit the new circumstances as more and more foreign brands have landed in Vietnam.
Despite the Law on Housing 2015 which gives greater room to foreigners to own properties in Vietnam, the number of foreigners who have purchased real estate is increasing, but remains modest.
Five-star hotels in Hanoi have raised prices by 38% on average since last year and are charging significantly more than their peers in Saigon, with statistics showing a strong increase in the capital's international arrivals in the first nine months.
The time of fast fashion in Vietnam has finally arrived, according to the latest report released by consulting firm Savills.
With substantial supply in the mid and high-end segments, the residential index for Ho Chi Minh City in August increased significantly against August 2016, according to the Savills Property Price Index (SPPI) report.
The construction and development of underground urban areas is an indispensable trend in modern urban development, according to Savills Vietnam.
Savills has reported that Ho Chi Minh City will see 16 new hotel projects from 2017 to 2019 supplying approximately 3,500 rooms.
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 apartment markets in Hanoi and Ho Chi Minh City showed positive signs in the second quarter, property consultancy company Savills Vietnam has said.
The reports about the real estate market in the first quarter of the year released by consultancy firms all show a sharp increase in the supply of high-end apartments in HCMC. This has raised concerns about oversupply in the near future.
Favorite beach destinations Danang, Khanh Hoa and Phu Quoc performed very well in the past five years, together accounting for 30% of all tourist arrivals to Vietnam, according to a Savills report.
Domestic and foreign investors alike have been keenly monitoring opportunities for M&As in Vietnam's real estate market.
Improved macro-economic conditions and limited vacancies will make office rental costs in Ho Chi Minh City to head upwards while the prices in Hanoi remain steady, Savills Vietnam announced on December 22.
Savills Vietnam on October 27 announced the launch of its International Residential Sales and Leasing Department in Ho Chi Minh City intended to provide services for foreigners.
(VOV) - China has lost its competitive edge as a low-cost manufacturing hub with producers of everything from handbags to clothing to basic electronic components relocating to Vietnam economists at Savills said recently in a research report.
The Trans-Pacific Partnership (TPP) deal will have a positive impact on the domestic real estate market, while the property market has recovered in the third quarter, experts said.
Average annual space rent at industrial parks (IPs) in Ho Chi Minh City is much higher than in Hanoi as shown in a recent report by property service provider Savills Vietnam.