In 2020 the Vietnamese real estate market, just like across the globe, was heavily impacted by the COVID-19 pandemic and that remains the case today. There are, however, some bright spots in the market and if the virus is fully controlled, this year should recover and also see stronger liquidity.
Despite going through a quiet period due to the effects of the coronavirus outbreak, investors as well as real estate businesses in Danang and across the central region are striving to remove difficulties to maintain stable operations as well as adapt to a new direction.
When investors are concerned about their return in real estate, developers who offer less-riskier properties with a prime location, international quality design, and a prestigious management brand can win widest confidence.
Hundreds of real estate projects in Ho Chi Minh City have been suspended over the last two years, with many reasons being flouted for delays. The city’s People’s Committee has since been making efforts to break the cycle of stagnation in an attempt to generate a steady supply of condominium ventures into the market. Bich Ngoc reports.
The private sector in Vietnam has long been playing an important role in the development of the country’s economy. To highlight the contribution of the sector and real estate market, VIR’s Bich Ngoc talked to veteran American investor and CEO of Indochina Capital, Peter Ryder, who has more than 25 years of business experience in Vietnam.
Along with the ceremony honouring the winners of VIR’s real estate poll, VIR held the “Real estate Trends in 2019” seminar with the participation of experts, leaders of the Vietnam National Real Estate Association, the Vietnam Association of Realtors, and leading developers.
Listed real estate companies in Vietnam are actively seeking out foreign investment for their portfolios.
Experts remain upbeat about the development of the property market next year, driven by huge market demand and new real estate development trends.
Growing foreign direct investment and a move up the value chain mean Vietnam’s industrial real estate sector has a bright future, according to property consultant Savills Vietnam.
The tightening of monetary policies and prohibition of informal gold and US dollar trading in Vietnam could prove good news for the real estate market.
Developers in Ho Chi Minh City are trying to realise the dream of greening out their real estate projects.
The availability of credit is an important factor affecting the real estate sector. While the Vietnamese real estate market continues on a positive uptrend, the government has enacted a number of measures through Circular No.06/2016/TT-NHNN and Circular No.19/2017/TT-NHNN designed to prevent excess from building up. Before evaluating the recent measures, it is useful to understand them in the context of Vietnam’s historical real estate issues.
Viet Nam’s hotel and resort real estate needs to have a comprehensive plan to ensure its development is on the right track.
The HCM City Department of Natural Resources and Environment on Monday issued a warning to customers and secondary real estate investors about illegal activity of Alibaba Real Estate Joint-Stock Company and Alibaba Tay Bac HCM City Joint-Stock Company.
Real estate has become the most popular asset class among retail investors since gold and foreign currencies are not very profitable any more.