A provision contained in the Housing Law two months ago allowed foreigners to buy houses in Vietnam, but most real estate developers still have few foreign clients.
(VOV) - Last year, foreign direct investment (FDI) in real estate accounted for 40% of Vietnam’s total foreign investment.
The office-for-lease market in HCMC performed better in the first quarter than the final quarter of last year with average occupancy shooting up to a seven-year high, according to property service provider Savills Vietnam.
The retail market in Hanoi is still attractive for investors, even though it has experienced business impediments during the past, a Hanoi Industry and Trade Department official said.
Hanoi’s hotel market, particularly the five-star segment, performed well through peak season in the last quarter of 2014, reported the international real estate service firm Savills Vietnam.
(VOV) - Property sales in Ho Chi Minh City for the fourth quarter of 2014 spiked 28% over the third quarter and represented a year-on-year increase of 149%, the highest recorded figure for the three-month period since 2010.
(VOV) - Office rental fees in Hanoi and Ho Chi Minh City averaged US$42 and US$48 per square metre, respectively during the first half of the year and were higher than comparable space in Kuala Lumpur (Malaysia) and Manila (the Philippines).
(VOV) - In recent years, Singapore has invested in 18 sectors in Vietnam, of which the processing and manufacturing industry tops the list, followed by real estate, arts and entertainment.
(VOV) -Many Japanese businesses have expressed keen interest in the long term potential of Vietnam’s real estate market.