M&A consistent in real estate sector, illustration photo According to experts, Vietnam is now one of the most attractive foreign investment destinations, with statistics showing that the real estate sector is one of the five largest recipients of foreign capital. Merger and acquisition (M&A) transactions in the real estate market mostly focus on residential property, offices for lease, retail, hotels, and industrial zones. Domestic investors are expanding investment portfolios with land plots that can be developed in co-operation with international developers into large-scale projects. According to Nguyen Huu Quang, deputy general director of Netland, among the five largest investors in the Vietnamese real estate sector including South Korea, Japan, Singapore, China, and Hong Kong, Japan stands out with its large number of investors and high capital disbursed. “Japanese investors are looking for projects where they can co-operate with domestic investors, especially … [Read more...] about M&A consistent in real estate sector
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According to DKRA Vietnam, in Q1, two new projects were introduced, providing 188 beachfront villas, or 31 percent of the previous quarter. The consumption level was 42 percent of the new supply. Primary supplies were mostly in Binh Thuan and Ba Ria-Vung Tau provinces. In condotel market segment, two new projects were put up for sale in Q1, which provided 1,751 condotels to the market, a sharp 12-fold increase over the previous quarter. Primary supplies were mostly in Khanh Hoa province and Da Nang. DKRA Vietnam commented that the figures showed the recovery of the condotel market after one year of quiet. It predicted that condotel and resorts would continue rising in Q2, especially in Da Nang, Khanh Hoa and Phu Quoc. Observers believe that now is the time to pour money into tourism real estate projects because of the tourism boom. Reports from Vietnam National Administration of Tourism (VNAT) all show the strong rise of Vietnam’s tourism in recent years with the annual growth … [Read more...] about Tourism real estate faces challenges as oversupply looms
American investor and CEO of Indochina Capital, Peter Ryder How have you assessed the contribution of the private economic sector, especially foreign direct investment (FDI), to Vietnam’s real estate market? An interesting trend in Vietnam, which I detect, is that the real estate development has long been dominated by the private sector. This is unlike many other industries in which the government still has very large involvement. If you look at the history of real estate development over the past 25 years, we can see that Vietnam has really opened up in the post-doi moi era. In the immediate wake of this, major developers were foreign investors who typically set up joint ventures with domestic authorities. During this time, Indochina Capital began two joint ventures, one with Danang Tourism to develop the Furama Resort, and another with the Vietnam Fatherland Front and Hongkong Land to develop an office building at 63 Ly Thai To in Hanoi. In the last decade, the market … [Read more...] about Real estate at the heart of economy
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?
Leading developers were praised last week in categories ranging from smart projects to opulent resorts In order to recognise developer efforts to produce high-quality projects that offer a taste of novelty to Vietnamese customers, VIR last week held a ceremony to honour the 36 real estate projects that gathered the most votes. Along with the ceremony, VIR also hosted a real estate trends seminar with the participation of experts and enterprises leading the real estate market. To map out the newest projects that resonate the most with homebuyers, VIR organised the poll on Vietnam’s leading real estate projects. Between November 20 and December 20, 2018, VIR put the question up for popular vote on its newswires tinnhanhchungkhoan.vn and baodautu.vn to find the top green and smart projects, the most coveted ventures, and the most opulent resorts. VIR’s poll recognises the efforts of Vietnamese real estate … [Read more...] about VIR honours real estate champions