Vietnam’s real estate still grew within an acceptable level in 2018, according to industry insiders. Nearly 50% of property businesses believed that the real estate market fared slightly better than in 2017. So, how will the market perform in 2019?
Lennar is one of the biggest real estate developers in the US. Interhome and Lennar will organise a seminar with the theme “Sharing new views on the US real estate market” on March 23, 2019 in Ho Chi Minh City. This seminar will share information on high-quality property projects, as well as investment opportunities of owning and doing business in US-based properties.
This was highlighted in the association’s document recently submitted to the Government about its recommendations for completing social housing policies as Vietnam was developing a project on the 2021-30 comprehensive social housing policy in Vietnam.
The real estate market experienced a volatile year. The market was quite quiet in the second half of 2018; however, the overall picture of the 2018 market has many investors optimistic for 2019. According to experts, the market will likely encounter hardships in land fund, capital and administrative procedures, but investors will still find ample opportunities.
The northern city of Hai Phong houses 13 industrial parks with 449 projects and intends to build additional five to six others in the coming years. Head of the Hai Phong Economic Zone Management Board Pham Van Moi reported that the city will build five to six industrial parks in the coming time.
The real estate market remains strong in 2019 since the economy continues to grow robustly and there is a lot of investment flowing into infrastructure, thus attracting both domestic and foreign investors.
Last month, property developer Vingroup unveiled plans to sell 20 million non-convertible bonds at VND100,000 (US$4.39) each in two phases without any covered warrants or guaranteed assets.
Industrial zones in the Mekong Delta city of Can Tho attracted a total registered investment capital of US$112 million last year, 12 per cent higher than the annual target, according to the municipal Industrial Zones and Processing Zones Management Board.