FOREIGN CASH KEEPS FLOWING INTO REAL ESTATE MARKET
Foreign investors, mostly from Asia, continue making serious investments in Vietnam’s real estate sector. Japanese Hinokiya and Vietnamese TWG are moving ahead with a plan to set up a joint venture to develop real estate projects in Vietnam after signing a cooperation agreement on June 22.
HO CHI MINH CITY ASKS FOR REGULATIONS ON OFFICETELS, CONDOTELS
Ho Chi Minh City People’s Committee has sent a document to the Government Office to ask Prime Minister Nguyen Xuan Phuc to issue regulations on officetel, condotel and resort management.
REAL ESTATE TRADING FLOORS STRUGGLE TO SEEK SUPPLIES
Housing supply in Ho Chi Minh City is on the downward trend with the number of products increasingly limited, making it hard for real estate trading floors to find supply sources.
MOST CONSTRUCTION FIRMS EXPECTED TO PERFORM BETTER IN Q3
Up to 57.3 per cent of construction businesses are expected to perform better in the third quarter of 2018, according to the General Statistics Office (GSO).
HCM CITY IN PROPERTY BOOM
The HCM City housing market will continue to grow this year, especially the VND1 billion (US$44,000) condo segment, the HCM City Real Estate Association (HoREA) has predicted. Le Hoang Chau, its chairman, said the VND1 billion segment would be the most liquid while the luxury segment will be restructured in line with actual demand.
AMENDING POLICIES TO FACILITATE PROPERTY MARKET
The property market is forecast to extend its recovery, growth and stable development in 2018 although it will still face numerous challenges in supply and demand relations, access to investment land, and administrative procedures. A series of policies that are about to be issued or amended will play an important role in helping boost transparency and clear obstacles to the real estate market. This will also be a driving force for property businesses to find best solutions and adapt to the new business environment.
REAL ESTATE SEES A RISE OF M&A DEALS
The Vietnamese real estate market has seen large-scale investments over the year’s first four months, with a surge of substantial merger and acquisition deals and funding into projects.
REAL ESTATE MARKET IS ‘FRAGILE’, COULD LEAD TO ANOTHER BUBBLE, EXPERTS SAY
Land fever in Phu Quoc, Long An, Nhon Trach and HCM City, a lack of houses for low income earners, and an oversupply of high-end apartments are the main features of today’s real estate market.
