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Update news real estate market
VietNamNet Bridge - More and more hybrid real estate products have been marketed in recent years. Together with condotel and officetel, hometels are now being launched by real estate firms.
VietNamNet Bridge - In the first months of 2017, the number of real estate transactions at the Notary Public Office No 1 in HCMC increased by 17-27 percent compared with the same period last year.
The Chinese are considered ‘quiet investors’ compared with Singaporean, South Korean and Japanese, but there are signs they have been stepping up the takeover of Vietnamese properties.
VietNamNet Bridge - As luxury hotels prosper, more and more investors are pouring capital into the sector.
VietNamNet Bridge - The number of newly set up businesses in the real estate sector in the first four months of the year increased sharply compared with the same period last year.
VietNamNet Bridge - The supply of high-end apartments has been increasing rapidly in Hanoi and HCMC, but sales have not been brisk.
VietNamNet Bridge - Though officetels and condotels are selling in the market, they still do not have positions in legal documents.
VietNamNet Bridge - As newcomers in the real estate market, they are known as ‘upstarts’ thanks to their rapid increase in capital and implementation of huge projects.
Fifty-five real estate firms have listed their shares on the bourse so far with the total capitalization value of VND215 trillion. However, a lot of big players still want to seclude themselves from the public.
Many developers in HCM City have launched condo projects with various offers since the beginning of the year.
VietNamNet Bridge - Cement as well as oil and gas shares were popular in 2014, bank shares in 2015, and steel shares in 2016. What about 2017?
VietNamNet Bridge - Attractive shares exist in three groups: state-owned enterprises’ (SOEs), private companies and existing shares on the bourses.
VietNamNet Bridge - A report of the State Bank’s HCMC Branch showed that 22 percent of overseas remittances goes to the real estate sector, 72 percent to production and business and the remaining to other fields.
VietNamNet Bridge - Property projects in the southern and eastern parts of HCMC have attracted buyers from the north thanks to modern infrastructure items.
VietNamNet Bridge - Most high-end resorts in Vietnam are managed by leading asset management companies from the US, Europe or Asia.
VietNamNet Bridge - While some experts believe the real estate market will be active in 2017, others think the market will cool down and encounter difficulties.
VietNamNet Bridge - “I have to say that profits from real estate investment is relatively high,” said Tran Ngoc Quang, secretary general of the Vietnam Real Estate Association.
The environment in the coastal areas of Binh Dinh province is facing risks – fishing activities, oil spills, waste from shrimp hatcheries on sand, and waste water from fisheries logistics services.
In the last decade, foreign investors poured money into mid- and high-end real estate projects, but today Japanese, South Korean, Taiwanese and Malaysian prefer developing affordable products priced below VND1 billion.
VietNamNet Bridge - Of the five most popular investment channels, the real estate sector brings the most satisfactory profits as investors not only can expect profits from price increases, but also from property leasing.