Foreign investors registered to inject $1.16 billion into the real estate sector in the first 5 months of 2023, down 61%, according to data from the Ministry of Planning and Investment.
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.
- 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
Although the property sector has suffered a fall in FDI attraction, experts are still optimistic about its prospects of the sector, especially the industrial segment which is described as a bright spot.
Experts have emphasised the pressing need to address the housing challenges faced by migrant workers in industrial parks, export processing zones, where they often live in cramped, small houses in substandard conditions.
Over half a million employees in Vietnam lost their jobs or had their work hours cut in the first five months of this year.
Authorities in central Thua Thien - Hue province have decided to approve planning for the Vinh Thanh coastal urban area in Phu Vang district, covering over 1,500 ha.
Along Ho Chi Minh City’s metro line 1 stand more than 45 real estate projects, just a few of them will connect to the line’s stations via pedestrian bridges like Metro Star.
Vietnamese lawmakers are set to debate legislation addressing the real estate market as the National Assembly opened its new session, looking to discourage speculative property investments as corporate default risks pile up.
Binh Phuoc has urged the Vietnam-Singapore Industrial Park (VSIP) joint venture to build an industrial park in the southeastern province.
Industrial real estate in the northern region remains attractive to foreign investors, with rising demand for land at industrial parks from global producers.
The Ho Chi Minh City Department of Natural Resources and Environment has submitted a land use plan for the 2021-2025 period to the municipal People’s Committee for approval.
Ho Chi Minh City has become the sixth most expensive city in Asia Pacific to lease premium office space, according to a new study by property services firm Knight Frank.
The Binh Thuan Provincial People’s Committee has approved the south-central province’s housing development plan for 2023, with a target of raising the total floor space to over 1.33 million sq m.
Frasers Property recorded a revenue of S$9 million ($6.79 million) from Vietnam operations in October 2022-March 2023 for the first half of the fiscal year 2023, down 82% year-on-year.