Vietnam's real estate market is now intransparent in planning, investor selection, project assignment and transactions. Limited information on the market and inaccuracy are causing certain difficulties for real estate investment activities.
Over the last few years, Vietnam has shown it is taking industrial sustainability seriously by implementation of eco-industrial park initiatives. While many challenges remain, innovative technology could be the answer to shaping up a smart and green manufacturing ecosystem.
Phu My Group is a leading industrial and urban real estate developer in Vietnam. With its proven prestige and quality infrastructure for investors as well as its contributions to local social and economic development, Phu My Group is confident of attracting both big investors and small but reliable investors for high added value.
They were also told to send reports on suspicious transactions and reports on cash transactions worth VND300 million (US$12,800) or more to the Department of Housing and Real Estate Market Management under the Ministry of Construction and the State Bank of Viet Nam's Anti-Money Laundering Department.
According to market performance data released by the Association of Vietnam Realtors, the first quarter of 2019 witnessed 14,047 successful property deals in Hanoi, Ho Chi Minh City and some localities (like Da Nang, Khanh Hoa and Quang Nam), of which apartments and low-rise buildings accounted for 94%.
Investors are looking for industrial and logistics assets through joint ventures with local industrial developers and/or acquisition of land and operating real estate, Jones LaSalle Vietnam Co Ltd (JLL Vietnam) said in a statement.
The company further said mergers and acquisitions (M & A) in real estate is a bright spot in the market. The shortage of high-tech assets, modern warehouses and strong demand from businesses are promoting the potential of domestic industrial realty market.
An official channel that will provide Viet Nam’s real estate businesses with information such as the number of licensed projects and projects awaiting licenses in a given area is being developed by the Department of Properties and Real Estate Management under the Ministry of Construction and the Vietnam National Real Estate Association (VNREA).