Japanese Nomura Real Estate Development Company has agreed to participate in a condominium housing project in the Ecopark project in Hanoi, it said in a statement.
Real estate prices in 2021 are expected to increase by 10 per cent over the previous year, said Nguyen Van Dinh, deputy general secretary of the Viet Nam Real Estate Association.
Ho Chi MInh City will not allow construction of high-rises in seven districts if there are no plans for corresponding technical and social infrastructure.
Keppel Capital Holdings and Keppel Land, arms of Keppel Corporation have raised $400 million for the Keppel Vietnam Fund.
- Vietnam's property prices expected to rise 10 percent in 2021 1
- Ho Chi Minh City to limit skyscrapers in inner districts 2
- Keppel raises $400 mln for Vietnam-focused real estate fund 3
- Japanese retail giant Takashimaya turns to Vietnam real estate market 4
- Up to 16,000 foreigners buy housing in Vietnam in last five years 5
- Vietnam to see boom in supply of industrial property next year: Savills 6
Japan’s retailer Takashimaya has turned to property development in Vietnam with commercial and office projects as the company's next engine for growth amid Covid-19 pandemic, Nikkei reported.
Up to 16,000 foreigners have bought houses in Vietnam since July 2015, mostly from China, the Republic of Korea, Japan, Taiwan (China), and Singapore, Ho Chi Minh City Real Estate Association estimates.
Vietnam will see strong growth in industrial property next year due to higher demand for industrial parks as business expand production or relocate out of China, according to Savills Vietnam.
Ms. Tran Huynh, Deputy CEO of BW, the largest for-rent industrial developer, said being honest is core values for success in business environment.
Affordable housing in Hanoi and HCMC is out of reach for most citizens, mainly because of dwindling supply and rising prices.
HCMC needs VND300 trillion ($12.92 billion) over the next 10 years to build transport infrastructure for its new “city within the city.”
The Ben Thanh-Suoi Tien Metro Line aims to start trial operations in Long Binh Depot end of this year, when the first three carriages were transported to the depot on weekend.
More and more realty firms are using digital platforms to sell their products, driven by the Government's encouragement to develop local digital technology firms amid the COVID-19 pandemic.
Prices of office rent in Ho Chi Minh City and Hanoi increased following by high demand for office despite the impacts from Covid-19 pandemic, Colliers International Vietnam said in a report.
The impetus to establish a city within Ho Chi Minh City is gathering momentum, and the Government has approved the creation of this city under the name of Thu Duc City.
Authorities in Hanoi have submitted a proposal to the government to invest over VND65.4 trillion ($2.8 billion) in a 39-kilometer-long metro line.
The wave of transiting factories out of China from preferential trade agreements EVFTA, CPTPP and Vietnam's effective control of pandemic have increased the chance to welcome more investments into Vietnamese industrial estates.