The Hanoitimes - Geographic location, policies and incentives in drawing foreign capital inflows have formed robust status for Vietnam`s industrial real estate. Haiphong – city of heated industrial property Northern industrial real estate benefits from manufacturing growth FDI boosts Vietnam’s industrial real estate in 2018 Both domestic and foreign real estate experts have predicted that industrial property would be the most attractive segment in Vietnam in 2019 and the years to come thanks to a number of factors, mostly the government’s preferential policies. Facilities in an industrial park. Illustrative photo Vietnam has appeared to be one of the best choices for multinational corporations that want to shift their localities in the global transition, Nguyen Tran Nam, head of the Vietnam National Real Estate Association (VNREA), said at the Vietnam Industrial Property Forum 2019 held in Hanoi on April 23. With a strong belief … [Read more...] about What makes Vietnam’s industrial real estate most attractive in 2019?
Asian real estate association
HCM City has been greatly attractive to foreign property buyers (Photo: VNA) HCM City (VNA) – The hi-end property market in Ho Chi Minh City holds great attractiveness to Asian investors, especially those from China, according to CBRE Vietnam. The real estate services firm said on December 27 that according to statistics on CBRE’s successful transactions in HCM City, Chinese buyers of hi-end apartments only accounted for 2 percent of total customers in 2016 and 4 percent in 2017, but the rate surged to 31 percent in the first nine months of this year. The main reason is that since 2015, Vietnam has allowed foreign investors to own property in the local market. Additionally, Vietnamese developers have also actively advertised their projects in other countries. While a number of real estate projects were introduced in Singapore and China’s Hong Kong in 2016 and 2017, they have been strongly promoted in Beijing and Shanghai cities of China this year. CBRE said more … [Read more...] about HCM City: Luxury real estate attractive to Chinese investors
Vietnam continues its rapid development with a slew of new property types springing up in recent years, Photo: Le Toan According to the Foreign Investment Agency under the Ministry of Planning and Investment, real estate business ranked second in size since early this year, with total registered capital of $6.5 billion in 87 new registered projects. “With foreign direct investment (FDI) being funneled into the real estate sector, Vietnam remains an attractive destination for real estate investment in 2019 and beyond. It is because the demand for residential real estate, industrial zone infrastructure, trade centres, and resort real estate remains high,” said Nguyen Tran Nam, chairman of the Vietnam Real Estate Association. According to the country’s housing development strategy, the average housing area of the nation will reach 25 square metres per capita by 2020. To achieve this goal, 100 million sq.m of new housing will be built each year, 70 per cent of which … [Read more...] about Real estate poised for positive 2019
Vietbuild 2018 attracted 1,500 pavilions with businesses from 30 nations around the globe showcasing their latest products and services in the construction and real estate fields. Diverse activities have been held during the event including seminars, a business forum and exchanges among local and foreign companies and a vote on the most impressive stall display. The event enables Vietnamese businesses to expand trade and investment links, find foreign partners and gain access to cutting-edge technologies. It also helps foreign firms and international economic organizations to seek investment opportunities in Vietnam – a market with great potential for development. IREC 2018 got underway after the opening ceremony for Vietbuild Hanoi 2018, under the theme ‘A World of Opportunities’. A wide range of activities are planned for the event including a conference on the world’s real estate associations, forums on trends in global real estate market … [Read more...] about International Real Estate Conference 2018 opens
Property transactions have not been beset by the usual gloom during this year’s “Ghost Month”, reflecting changing attitudes among both local developers and home buyers. The seventh month in the lunar calendar is known as the Ghost Month in Viet Nam and some other Asian countries. It is believed to be a period of bad luck. During this month, people often avoid making important decisions like home purchases while real estate investors are also afraid of launching their products. The housing market during the Ghost Month is usually bleaker than other months of the year. But this is starting to change. Some property firms in HCM City believed that the Ghost Month has seen the highest number of transactions. Nguyẽn Nam Hièn, a representative from a real estate company in HCM City, said the seventh month in the lunar calendar traditionally has been a difficult period for many businesses. For this reason, property firms have not offered their products for sale … [Read more...] about Ghost Month no longer a real estate horror