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.
The level of interest among foreign investors in local real estate projects has continued to see positive changes this year despite numerous difficulties caused by the COVID-19 pandemic, according to property consultants.
ESR Cayman marked its first entry into the Vietnamese market and expanded its APAC footprint in Southeast Asia through a partnership with BW, a leading industrial real estate developer in Vietnam.
Frasers Property, a Singaporean multinational real estate and property management company, was reported to be ready to handover its mixed-use Q2 Thao Dien to residents.
- Hanoi to start Ring Road No. 4 project in June, 2023 1
- Low returns make developers wary of social housing 2
- Ho Chi Minh City to build two int’l cruise ports 3
- Real estate loans reaches $100 bln, accounting for nearly 21% of the total credit balance 4
- Property firms' bond issuances down 26 pct in H1 5
- Vinhomes to build half a million social housing units in five years 6
The COVID-19 pandemic has made 2020 a challenging year for global and Vietnam’s economy particularly. In the difficult context, Nam Long Group conducted a series of M&A in the real estate market.
Masterise Homes held the groundbreaking ceremony of the Grand Marina, Saigon, the first ever JW Marriott and Marriott Branded Residences in Vietnam, in downtown of Ho Chi Minh City.
The Export-Import Bank of the Republic of Korea is seeking Ho Chi Minh City government’s approval to conduct an investment study for Phase 2 of Metro Line No. 5.
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.
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.
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.
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.”