More competitive land cost as well as lower occupancy rate are making emerging industrial areas in surrounding provinces become more attractive to investors and developers.
Many difficulties happened in the real estate market 2019, including low demand, frauds and tightening of credit.
According to a survey announced by many consultancies, the Hanoi real estate market in the last months of 2019 and the beginning of 2020 shows upbeat prospects, with a blooming apartment segment.
With strong demands for real estate especially in urban areas, Vietnam’s golden demographics and a positive economic outlook will drive the mid-end and affordable housing segment in the country’s residential market beyond 2020 forward. Bich Ngoc reports.
Ho Chi Minh City’s condominium recorded a significant fall in new launch supply and new pricing levels across the market in 2019, according to CBRE Vietnam’s latest report “Property Insight - Residential Market Outlook 2020”.
On 9th January 2020, “Property Insight – Residential Market Outlook” event was attracted more than 300 attendees who are investors, developers and buyers.
On 23rd October 2019, at Taipei, Taiwan, “Hochiminh City Property Seminar” is organized by CBRE and Hongkong Land and attracted many foreigner customers.
Vietnam's real estate market continues to attract foreign investors because of its growth potential, especially investors from the Republic of Korea, according to real estate consulting companies.