Sustainable real estate development vital for market health
Vietnam’s real estate market needs to focus on developing properties that create "real values" such as industrial and commercial real estate, affordable housing, and social housing.
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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.
The Vietnam Association of Realtors (VARs) expects billions of VND in savings from SBV rate reduction to enter the property market.
Vietnam’s real estate market needs to focus on developing properties that create "real values" such as industrial and commercial real estate, affordable housing, and social housing.
HCMC housing is among the least affordable in the Asia Pacific region with a median home price representing 32.5 times the median annual household income, said a report by Urban Land Institute.
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