Real estate - fertile land for foreign investors
Tuesday, April 9,2019AsemconnectVietnam - The property sector will continue to be a fertile ground for foreign investors, largely due to the country’s rising demands for housing as well as deeper global integration with a line-up of bilateral and multi-lateral new-generation trade pacts.
Chairman of the Vietnam Real Estate Association Nguyen Tran Nam said that more than 70 million square metres of floor space have been developed each year since 1999, and the figure will increase to 100 million in the following years under the national housing development strategy, not to mention service and office space, and industrial, transport and urban infrastructure.
Meanwhile, a survey by real estate services firm JLL showed that as rapid urbanisation will put pressure on housing needs, Vietnam will need up to 5.1 million apartments in the low and middle-end segments in the next ten years.
Experts have said that the low- and middle-end segments will continue to dominate the market this year while the upscale segment will face tough challenges.
In Ho Chi Minh City, demand in the high-end segment has dropped remarkably as the astronomical prices have made them less attractive to the investors. Meanwhile, low-cost products enjoy good sale in Hanoi, with the absorption rate of 76 percent.
Nam suggested the investors have careful plans for their realty products. Projects with excellent amenity and services will have an advantage on the market. Besides, both budget and high-end users attach much importance to environmentally-friendly projects, and those with good security and fire-fighting and prevention system.
Source: vov.vn
EU's new regulation on deforestation-linked products head-scratcher for Vietnamese producers
Vietnam fosters cross-border e-commerce in ASEAN
Vietnam seeks stronger trade ties with Indonesia
RoK President’s Vietnam visit hoped to help deepen bilateral relations
Expos expected to bring cooperation opportunities for Vietnamese, Japanese firms
Vietnam remains out of currency manipulation watch list of US
Korean expert upbeat about RoK-Vietnam economic cooperation
Vietnam-Japan culture, trade exchange held in Can Tho
Vietnam, Algeria boost bilateral trade
EU's new regulation on deforestation-linked products head-scratcher for Vietnamese producers
Vietnam, Czech bolster links between businesses
Hai Phong remains attractive destination for foreign businesses: JETRO
Côte d’Ivoire leader suggests specific activities in transport cooperation with Vietnam
Vietnam, Russia's Far East region seek to boost trade cooperation
Plan on implementing national strategy on climate change ...
Actively and effectively adapting, reducing vulnerability, loss and damage due to climate change; reduce greenhouse gas emissions ...Scheme on attracting, restructuring and improving quality ...
Urban development plan of Binh Phuoc province in a period ...
Plan on implementing Decision No. 327/QD-TTG dated March ...
Hung Kings Temple Festival 2023 kicks off
The Hung Kings Temple Festival 2023 and the Culture and Tourism Week of Ancestral Land 2023 kicked off in the northern province of Phu Tho ...Vietnam trounce Palestine at AFC U-17 Women's Asian ...
Phu Tho: Festival honours UNESCO intangible cultural ...
Saigontourist Group Food and Culture Festival 2023 opens
Vietnam’s top swimmer Huy Hoang to hold Vietnamese flag at ...