Customers examine a model of the Marina Complex urban area, located on the riverside of Han River in Da Nang City, invested by Da Nang Marina Company Limited. (Photo: VNA) Hanoi (VNS/VNA) – Vietnam’s real estate market will likely remain stagnant this year, unlike in 2017 when price increases were rampant in popular spots around the country, predicted deputy head of the Department of Housing and Real Estate Management Nguyen Manh Khoi. Khoi said there were unlikely to be bubbles in the property market this year because the Government had gained more experience in management and supervision. Vice Chairman of the Vietnam Real Estate Association (VNREA) Nguyen Manh Ha said the property market has been stagnant in the first months of the year, especially in Hanoi and Ho Chi Minh City. Supply on the real estate market in Hanoi in the period was reduced by 25 percent from the same period last year, while HCM City saw a year-on-year decrease of more than 50 percent. … [Read more...] about Vietnam’s real estate market likely to stay stagnant this year
Vietnam real estate market
Updated at Wednesday, 10 Apr 2019, 14:22 The Hanoitimes - More Japanese and South Korean investors are pouring money into the real estate sector regardless of segments. Japanese investors, after years of working with different markets, have concluded that the real estate market in Vietnam appears to be most attractive in Southeast Asia. Vietnam has become an appealing destination for its safe and stable business environment though prospective in regional peer like Indonesia or Cambodia remains bright, Director of Japan’s Global Link Cooperative Yoshinori Nakata told Vietnam News Agency on the sidelines of an investment promotion workshop in Osaka, Japan on April 9. Yoshinori Nakata. Photo: VNA Real estate has turned to be the most-chosen investment channel in Vietnam as foreign investors see their significant returns on the money they will invest, Nakata said. Echoing Nakata, Kako Sasai, head of the business information division of the Japan External … [Read more...] about Vietnam real estate market most attractive in Southeast Asia: Japan investors
The Hanoitimes - The movement will firstly leave influences on the hospitality segment and other services. The second meeting of US President Donald Trump and North Korea’s leader Kim Jong Un, which is scheduled to take place in Hanoi next week, will leave positive impacts on Vietnamese tourism and real estate market, according to Savills Vietnam. Nguyen Hong Son, director advisory Savills Hanoi. Photo: Savills Vietnam The event, for the short-time, drives up tourism sector thanks to a surge of international visitors to the country, said Nguyen Hong Son, director advisory Savills Hanoi. The movement will firstly leave influences on the hospitality segment and other services. In fact, demand for hotel rooms in the city is expected to sharply increase days around the summit due to the attendance of politicians and delegations, media, security and logistics personnel, he said. Earlier last week, local media reported that many five-star hotels in Hanoi … [Read more...] about How does Trump-Kim summit affect Vietnam’s real estate market?
Updated at Sunday, 17 Feb 2019, 13:51 The Hanoitimes - Investors anticipate lowering investment risks as they view the overall location as very stable Vietnam has experienced a year of exciting activities in real estate market with bustling transactions and additional stocks in major cities in 2018, Savills Vietnam has said in an overall view. A shophouse project in Hanoi. Photo: Geleximco Hanoi was typically bustling with deals in Grade B residential projects, especially villa, townhouses, semi-detached townhouses, and shophouses. But supply of this sector remained thin, failing to meet enormous demands, according to experts from Savills Vietnam. In the first half of 2018, good momentum was seen in Grade A projects thanks to high urbanization rate, convenient transportation, improved infrastructure, and enormous commercial potential. The market has witnessed spectacular breakthroughs in prices throughout the year. However, investors keep … [Read more...] about Hanoi, HCMC, Danang stir Vietnam real estate market with lots of exciting activities
Though the government’s policies have contributed significantly to raising the interest of foreign investors in the Vietnamese real estate sector in recent years, experts suggested revisions are needed to make the market more attractive to the investors. There is still room for improvement to boost the growth of the local real estate market According to experts, the Law on Housing and the Law on Real Estate Business have partially lifted the barriers for foreigners investing in Vietnam’s real estate market and thus opened the floodgate for foreign investment in the sector. Kevin Hawkins, Co-executive partner of ZICO Law Vietnam, said though the new laws have brought about changes which are welcomed by foreign investors and encouraged more investment, it is realistic to expect that there is still room for improvement to increase the competitiveness in the sector. Under the Law on Real Estate Business, foreign financiers are not permitted to transfer land use rights in the … [Read more...] about More reforms urged to encourage FDI in Vietnam’s real estate market