Despites of impressive GDP growth rate and better per capita income, young Vietnamese people have been struggling for houses due to the increasing prices in the property market.
Price of land plot is expected to drop by 10 - 30% due to the insufficiency of real demand, according to Ministry of Construction.
Second and third locations at Somatus and Lim Tower 3 join first at E.Town Central.
Da Nang City has proposed a golf course and a horse racing complex with a total investment almost $2 billion, with construction to start this year.
- Frasers Property to handover first luxury apartment project in Vietnam 1
- Real estate developer Nam Long achieves a new stature despite pandemic 2
- Masterise Homes starts construction on the world’s largest Marriott branded residences 3
- Korean bank proposes investment study for Metro Line No. 5 4
- Vietnam's property prices expected to rise 10 percent in 2021 5
- Ho Chi Minh City to limit skyscrapers in inner districts 6
The State Bank of Vietnam decided to shorten lending to real estate projects by gradually lowering the maximum ratio of short-term capital used for mid- and long-term lending.
Spiritual tourism business activities are attracting more and more capital from real estate giants.
Besides trade war that heat up Vietnam’s industrial realty market, increase in number of foreign tourist to the country is expected to stimulate the tourism property market in 2020.
Though the State Bank of Vietnam asked for tightened control over real estate loans, real estate loans has increased by 14.6% against end of 2018, reaching VND1,500 trillion ($64 billion).
Coworking spaces are expanding in Saigon’s central districts since the limited traditional office space there is unable to meet the growing demand.
As of August, real estate loans expanded 14.58% against the end of 2018 and accounted for 19.14% of total outstanding loans in the economy, according to the State Bank of Vietnam.
The Vietnamese real estate market has seen a sharp increase in the number of transactions involving foreign investors in the wake of the year-long US-China trade war.
Viet Nam's real estate market continues to attract foreign investors because of its growth potential, especially Korean investors.
District 1 in downtown Saigon recorded the highest real estate listing prices in Q3 due to limited supply, a new report says.
Charmvit Group is the first company to receive investment licence for a horse-racing track in Vietnam.
Foreign developers are enhancing the investment in Vietnam’s industrial real estate to seize huge opportunities in the Southeast Asian country.