Grade B residential projects were very well received in Hanoi during 2018. Duong Duc Hien, Savills director of residential sales for North and Central Vietnam claimed that in Hanoi, Grade B residential projects, especially villas, townhouses, semi-detached townhouses and shophouses, were very well received in 2018. Despite such enormous demands, a proven shortage in supply of these sectors lingered. In addition, Grade A projects operated relatively well in the first half of 2018 in Hanoi. Due to high urbanization rate, convenient transportation, improved infrastructure and huge commercial potential, the Hanoi property market witnessed spectacular breakthroughs in prices throughout 2018. “Investors, hence, are expecting growth of luxury developments, especially in such a ‘booming’ market like Vietnam,” Hien asserted. Meanwhile, in Danang city, the land segment thrived on active developments. In … [Read more...] about Three picks from Vietnam property sector: insiders
Vietnam property sales
Hong Kong Vietnam property deal signed
Representatives from Emperor Key and Gamuda Land Vietnam pose for a photo after signing co-operation agreement. — VNS Photo Emperor Key from Hong Kong will be in charge of investing, trading and developing real estate projects being financed by Gamuda Land Vietnam. This decision followed a strategic co-operation agreement signed between the two companies on Friday in the capital. It will help enhance bilateral partnership between the two companies in order to utilise each other’s strengths through joint co-operation projects, Gamuda Land Vietnam said in a statement. “The agreement will enable Emperor Key to offer consultation in realty product development and property after-sales follow up as well marketing and communication strategies for real estate projects under the ‘Gamuda Land Vietnam’ brand in Hong Kong, Shanghai, Japan and Thailand,” it said. In his speech at the event, Tan Khai Lock, General Director of Gamuda Land Vietnam, stressed that … [Read more...] about Hong Kong Vietnam property deal signed
Vietnam’s property market unlikely to see crisis in the next two years
Experts at the seminar “Crisis Cycle and Investment Opportunity in the Property Market” held by Thanh Nien in Ho Chi Minh City on July 18 agreed that a property crisis in unlikely during the next two years. According to Phan Truong Son, head of the Housing and Property Development Division under the Ho Chi Minh City Construction Department, a property crisis in unlikely during the next two years since the supply of houses in the first half of this year was lower than that of the same period last year. Vietnam’s property market unlikely to see crisis in the next two years Around 9,700 units of all grades were launched to the market in the first half of the year, compared to 16,400 units in the same period last year. “The number of apartments for sale has been quite stable while the fever seen in land plots in some outskirt areas of the city has been due to the development of infrastructure such as first metro route, the Long Thanh – Dau Giay … [Read more...] about Vietnam’s property market unlikely to see crisis in the next two years
ParkCity Hanoi township’s villas to open for sale
The layouts are very luxurious with generous living spaces. — VNS Photo Vietnam International Township Development JSC (VIDC) will start the sale of The Mansions---the most luxurious subdivision in ParkCity Hanoi township---on April 18. Covering a total area of 5.16ha, The Mansions comprises 146 villas, including 75 three-storey and 71 four-storey ones. It also includes other amenities such as a multipurpose hall, two swimming pools, gardens and a playground. The Mansions, which offers three- and four-storey landed homes with a spacious layout ranging from 295-438sq.m, aims to cater to the affluent market segment looking for premium homes, VIDC General Director Yap Chin Hua told journalists on Thursday. The four-storey landed home is the first-of-its-kind premium home equipped with private lift, facilitating easy movement of heavy objects as well as the elderly. The Mansions offer large sumptuous living spaces, varying from 295 – 438 square metre. — VNS Photo … [Read more...] about ParkCity Hanoi township’s villas to open for sale
CapitaLand’s inspiring success story in the Vietnamese property sector
In 2017, CapitaLand Vietnam achieved its highest ever home sales record, which accounted for 1,409 residential units, hitting the record sales of SGD459.6 million. The number was 63 per cent higher than last year’s record of SGD282.1 million. Cheers from team CapitaLand Vietnam, winner of 11 golden statuettes and commendations, including Best Developer (Vietnam) Vietnam is the third largest market of CapitaLand in Southeast Asia, after Singapore and Malaysia. At the end of December 2017, it was reported that the firm owned SGD948 million worth of gross assets in Vietnam. Their latest asset acquisition extends CapitaLand’s portfolio to 12 residential development projects, one integrated development, 21 serviced residences, including 4,700 units across six cities in the country. Speaking of the company’s winning qualities, Chen Lian Pang, CEO at CapitaLand Vietnam proudly said: “The PropertyGuru Vietnam Property Awards 2017 is a strong affirmation of our … [Read more...] about CapitaLand’s inspiring success story in the Vietnamese property sector