The Hanoitimes - The movement will firstly leave influences on the hospitality segment and other services. No vacancy in luxury hotels in Hanoi ahead of Trump-Kim summit The second meeting of US President Donald Trump and North Korea’s leader Kim Jong Un, which is scheduled to take place in Hanoi next week, will leave positive impacts on Vietnamese tourism and real estate market, according to Savills Vietnam. Nguyen Hong Son, director advisory Savills Hanoi. Photo: Savills Vietnam The event, for the short-time, drives up tourism sector thanks to a surge of international visitors to the country, said Nguyen Hong Son, director advisory Savills Hanoi. The movement will firstly leave influences on the hospitality segment and other services. In fact, demand for hotel rooms in the city is expected to sharply increase days around the summit due to the attendance of politicians and delegations, media, security and logistics personnel, he said. Earlier … [Read more...] about How does Trump-Kim summit affect Vietnam’s real estate market?
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JLL: Five trends in real estate in 2019
JLL has observed that hundreds of millions of dollars in FDI are ready to be poured into Vietnam’s real estate market. The tourism industry, meanwhile, saw a record 15.5 million international visitors and 80 million domestic tourists in 2018, and aims to welcome 20 million foreign visitors by 2020. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (FTA) together with other FTAs will help balance any negative effects that may arise from the US-China trade war. Vietnam is also focusing on investment in infrastructure, including 2,000 km of new highways, metro lines in Hanoi and Ho Chi Minh City, and many airport expansion and construction projects. It is therefore not surprising that investors and real estate developers are ready to commit to this high-growth market. The following are the main trends that will shape Vietnam’s real estate market in the following years. Mid-end and affordable segment … [Read more...] about JLL: Five trends in real estate in 2019
JLL: 5 trends in real estate in 2019
Vietnam’s real estate race is becoming hotter than ever with the growing attention of many domestic and foreign investors and a record amount of investment in recent years. JLL has observed that hundreds of millions of dollars in FDI are ready to be poured into Vietnam’s real estate market. The tourism industry, meanwhile, saw a record 15.5 million international visitors and 80 million domestic tourists in 2018, and aims to welcome 20 million foreign visitors by 2020. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (FTA) together with other FTAs will help balance any negative effects that may arise from the US-China trade war. Vietnam is also focusing on investment in infrastructure, including 2,000 km of new highways, metro lines in Hanoi and Ho Chi Minh City, and many airport expansion and construction projects. It is therefore not surprising that investors and real estate developers are … [Read more...] about JLL: 5 trends in real estate in 2019
Hanoi, HCMC, Danang stir Vietnam real estate market with lots of exciting activities
The Hanoitimes - Investors anticipate lowering investment risks as they view the overall location as very stable Cleared land in suburbs lead investment trend in HCMC’s real estate market Mid-end segment, cleared land: focus of Hanoi’s real estate market in 2019 Hanoi ranks 3rd most global dynamic real estate city: JLL Hanoi real estate market ends up 2018 with bright picture Vietnam has experienced a year of exciting activities in real estate market with bustling transactions and additional stocks in major cities in 2018, Savills Vietnam has said in an overall view. A shophouse project in Hanoi. Photo: Geleximco Hanoi was typically bustling with deals in Grade B residential projects, especially villa, townhouses, semi-detached townhouses, and shophouses. But supply of this sector remained thin, failing to meet enormous demands, according to experts from Savills Vietnam. In the first half of 2018, good momentum was seen in … [Read more...] about Hanoi, HCMC, Danang stir Vietnam real estate market with lots of exciting activities
Market transparency key to stable real estate development
Experts have said improving the transparency of the real estate market is critical to prevent inflated prices and ensure stable development. In 2018, the property market saw ‘price fever’ in several localities, especially those with potential for tourism growth and those expected to be developed into special administrative economic units like Van Don in Quang Ninh Province and Phu Quoc in Kien Giang Province, where buyers grabbed property with hopes for significant returns. When the National Assembly voted to delay the passing of the Law on Special Administrative and Economic Units –and when local authorities ordered a halt to land transitions – the price hikes in Van Don and Phu Quoc cooled off. Nguyen Van Dinh, deputy president of the Viet Nam Association of Real Estate brokers, said this was a necessary “pause” for the real estate markets in these two hot areas to return to stability. Dinh added that market transparency there also needed to be … [Read more...] about Market transparency key to stable real estate development