Vietnam’s ailing real estate market is witnessing a rising number of merger and acquisition deals, mostly with overseas buyers who can arrange capital sources to counter the credit crunch in the country.
The absorption rate for high-end villas and townhouses in Ho Chi Minh City hit a decade low in the first half of 2023.
Novaland's restructuring process is showing positive signs...
Property developers in Vietnam face a steep path to long-term growth, with various hurdles awaiting them in the next 12 months, including challenges related to funding access and an evolving regulatory landscape.
- Vietnam's real estate companies' funds drop to their five-year low 1
- Resort real estate: Overcoming hot fever, treating cold fever 2
- Dong Khoi Street (HCMC) is the 13th-most expensive place to rent in the world 3
- Real estate developers increase sales on lower interest rates 4
- Novaland to settle bond debt using luxury property assets 5
- Real estate firms offer higher salaries to attract quality brokers 6
Vietnam and Indonesia could be beneficiaries if firms start to look for low-cost production centres in Asia, particularly for labour-intensive and low-margin industries.
Vietnamese law allows foreigners to buy apartments in the country, but there are actually not many foreign home buyers.
Credit institutions are ready to provide loans with preferential rates from the VND120 trillion (US$5.07 billion) package.
Continuous business expansion by foreign manufacturers has boosted industrial real estate demand in Vietnam in general and the northern region in particular, given its proximity to China.
The demand for industrial land for lease in Vietnam remains high, but the supply of industrial land is low.
According to experts, Vietnam requires legislation and a strategy to expand the agri-tourism real estate business.
HCM City is struggling with a flood of hotels for sale at low discounts due to the economic recession and weak tourism business.
Parkson's Vietnam business filed for bankruptcy, spawning new-model retail complexes.
Ho Chi Minh City’s office market is poised to witness a record 29% vacancy rate in Grade A offices by the end of 2023 due to higher supply and lower demand.
Apartment prices have fallen precipitously due to record low levels of liquidity in the primary market, but they have risen in the secondary market.
Matthew Bouw, Chief Executive of the Asia Pacific region, Cushman & Wakefield said Vietnam has become an ideal destination for institutional real estate investors.
The demand for industrial real estate has begun to pick up steam in recent months as foreign manufacturers are expanding their presence in Vietnam.