The Hanoitimes - Local experts claimed that well-trained and qualified brokers will help the real estate market transparent. Realtors could be fined for avoiding trade centers Foreign realty brokerage companies target Vietnamese market Statistics from the Vietnam Association of Realtors (VARS) showed that only 10%-12% of roughly 300,000 real estate brokers in Vietnam are eligible to do the work though the number of workers in this sector is on the rise. Illustrative photo The growth rate of real estate brokerage averages 15% annually in the last three years, resulting in the rising number of brokers, the Vietnam News Agency citied VARS. However, there is a fact that brokers sometimes are the cause of land fever in many localities, causing market turmoil. Moreover, spam messages and calls from real estate agents are making problems for the job and toxically affecting truly professional brokers. As the role of brokers is to bring convenience … [Read more...] about Only 10% of real estate brokers in Vietnam eligible to work
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Smart planning boosts south Hanoi real estate market
The flagship township Gamuda Gardens enjoys seamless infrastructure South Hanoi real estate heralds new opportunity The expansion of Hanoi capital’s administrative zoning in the past years has been carried out in concert with transport infrastructure development, as can be seen in an average annual growth rate of 0.28 per cent in urban land area. Accordingly, urban land area in the city’s total land area has expanded from about 7 per cent in 2010 to 8.96 per cent by 2017. This has brought a day-to-day growth in real estate prices across Hanoi, particularly in the city’s southern parts. In the past, south Hanoi was less charming to residents and investors due to its distance from the city centre. Now the area is emerging as an investment hotbed leveraging its abundant land bank, less dense population, as well as airy and seamless infrastructure network. In light of Hanoi’s general planning towards 2030, the city is set to accelerate the expansion of many roads … [Read more...] about Smart planning boosts south Hanoi real estate market
Real estate at the heart of economy
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
VIR honours real estate champions
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
VIR awards 36 winners of real estate poll
36 real estate projects were awarded by VIR in three categories, including green and smart projects, projects attract cash flow, and leading resort projects, highlighting famous names in the real estate market and depicting the leading market trends for 2019. The 36 winners of the poll To recognise the efforts of developers in building innovative and high-quality projects in Vietnam, VIR held the “Leading Real Estate Projects” poll on its website to gather customer insights before releasing its special publication. Almost 1.3 million readers have participated in the poll, setting a new record for a poll of this kind. Speaking at the opening ceremony, Le Trong Minh, editor-in-chief said that “Human-centric living spaces, respect for residents’ life, and community values are the trend of the future, as the beneficiaries of real estate products increasingly turn towards the value and quality of life. In the context of climate change, environment-friendly … [Read more...] about VIR awards 36 winners of real estate poll