FOREIGN CAPITAL FLOWS INTO REAL ESTATE
In the first quarter of 2017, foreign direct investment (FDI) flows kept moving strongly into the real estate market, showing the rising heat and appeal of the Vietnamese property sector. According to Professor Dang Hung Vo, to avoid being sent to a disadvantage in the current context and trend, real estate investors must raise their professional capacity and management capacity, and grasp customer psychology and tastes.
HOI AN STARTS $44.2 MILLION TOURISM PROPERTY PROJECT
Quang Nam Province has begun construction of the Hoi An Royal Residences project, with total investment of VND1 trillion (US$44.2 million) in Cam An Commune in the suburbs of Hoi An City.
TAN PHU TRUNG INDUSTRIAL ZONE - DESTINATION FOR INVESTORS SEEKING LONG-TERM STABILITY AND SOLID FUTURE
Tan Phu Trung Industrial Zone is located in the Northwest of Ho Chi Minh City, planned to be a trade gateway to global trade of the city and the southern key economic zone. After more than 10 years of construction and development, as a catalyst for boosting economic, trade and investment cooperation between Ho Chi Minh City of Vietnam and international partners, Tan Phu Trung Industrial Zone has made positive contributions to the overall industrial output value of Ho Chi Minh City.
HA NAM GETS APPROVAL OF REVISED INDUSTRIAL ZONE PLANNING
The Prime Minister has given the nod to several revisions to the development planning of industrial zones in Ha Nam province by 2020. Specifically, the PM approved the expansion of the Dong Van I and II industrial parks to 371ha and 339ha, up 162ha and 18ha, respectively.
CITY PROPERTY FIRMS AIM FOR COOPERATION, STABILITY
HCM City needs better co-operation among the State, developers, builders, material suppliers and banks to improve the local property market, the HCM City Real Estate Association has said.
REAL ESTATE DEALS STALL IN FEBRUARY
Real estate transactions slowed down in February because of the Lunar New Year holidays, the construction ministry’s Management Agency for Housing and Real Estate Market has said.
VIETNAM REAL ESTATE CONTINUING AS DESTINATION FOR INT’L INVESTORS
According to the research results of Jones Lang LaSalle Incorporated (JLL), a professional services and investment management company specialising in real estate, although the global economy has not prospered, Southeast Asia still remains a bright spot for investors. Accordingly, ASEAN economic growth remains at 5 per cent per year, which is quite high compared to the global average growth of 3.5 per cent per year. This is creating a huge advantage for developing countries like Vietnam, particularly in the real estate sector.
PROPERTY MARKET: CAUTIOUS INVESTORS
In the first two months of 2017, the Vietnamese real estate market has not experienced major changes. It even witnessed a slight decline in deals from late 2016. The market development has fuelled investors with anxiety because many specialists have warned against potential hardships in 2017.
