The International Real Estate Conference (IREC) 2018 opened in Hanoi on September 6 under the theme “Vietnam: A World of Opportunities”.
Ho Chi Minh City and Hanoi are the most attractive markets in the eyes of investors from Asia like Japan, Korea, and Singapore.
Despite facing challenges, the real estate market in 2019 is expected to continue on an upward trend, say both experts and investors.
Colliers International Vietnam has just released their Vietnam Quarterly Knowledge Report Q3 2018. The report highlights the national to regional economies of Hanoi and Ho Chi Minh City. It also briefly introduces national economic indicators such as GDP, CPI, FDI, Retail Sales and Trade Balance, and focuses on the market insights of each real estate sector.
2018 marks ten years since the downturn in Vietnam’s real estate market and nearly five years of recovery. As with a decade ago, FDI inflows are concentrated in the high-end residential segment, according to the latest report from JLL.
As many as 200 foreign delegates – including heads of the world’s leading real estate associations, developers, and speakers – and nearly 1,000 domestic officials, economists, and enterprises, have registered to join the International Real Estate Conference (IREC) 2018 that will take place in Hanoi from September 5-7.
As many as 14,657 businesses were established in the capital city of Hanoi in the first seven months of 2018 with a total registered capital of over VND16 trillion (US$687 million), down 1% in number but up 42% in capital year-on-year.
PSNews – The Vietbuild Can Tho 2018 provides good opportunity for domestic and foreign businesses to introduce new products and technologies as well as their new plans in the future, contributing to the development of the construction industry and the overall integration process of the country.
Amid narrowing credit sources and rising lending interest rates, property developers have been diversifying their capital mobilisation channels, including calling for foreign investment.
Domestic and foreign investors are pouring money into Vietnam, attracted by strong economic growth and a slew of sales by state-owned and private companies, according to the Reuters.
The legal corridor for social housing development has recently changed towards providing more incentives than it was first mentioned in the Housing Law in 2005.
Low income earners will not be affected by a proposed property tax, which would only apply to those who own property worth VND700 million (US$30,700) or more, authorities said.
Apart from co-working spaces which have already taken root in Vietnam, the market is now expected to receive the co-living trend—a new trend of sharing living space.
Sapa’s upcoming achievement of town status will pave the way for more opportunities for investors in the real estate market.
The northern province of Quang Ninh needs to call on investment in developing luxury tourism and real estate products to meet the high demand of tourists, according to experts.
Dubai-based billionaires are well-known for their billion-dollar investments in luxury real estate projects in Dubai, but many of them have not been successful in the Vietnamese property market.
The quick sale last week of Titia Residences in the Empire City project has again borne out the attractiveness of the luxury segment.
Real estate giants Pham Nhat Vuong and Trinh Van Quyet switched places for top spot as the richest stock billionaire.
The real estate markets of Hanoi and Ho Chi Minh City saw a recent breakthrough when work on several large-scale projects was resumed after long years of delay.
High-end and luxury housing continues to be an attractive segment in the national real estate market, with high demand and a good purchasing scale, experts have said.