The Hanoitimes - Foreign investors are eyeing real estate projects in the northern region, particularly Hanoi, as they see the region’s potential, heard a conference held by the Commercial Real Estate Services (CBRE) Vietnam Company on January 4. In 2017, Vietnam remained an attractive destination for foreign investors with total FDI capital registered in the country hitting a record high of 35.88 billion USD, up 44.4 percent against last year. Real estate ranked third in terms of FDI attraction, accounting for 8.5 percent of the total registered capital. According to CBRE, since 2017, many foreign investors have paid special attention to Hanoi’s property market. They have joined hands with several big domestic investors to carry out projects, for example, Sumitomo Group’s deal in the northern side of the Red River which is expected to be a hot spot for real estate. The Japanese group decided to participate in Vietnam’s real estate market through … [Read more...] about Hanoi`s real estate projects attracst foreign investors
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VN real estate marks successful 2017
Viet Nam witnessed positive development in the real estate market in 2017 with increased transactions of apartments and reduction in real estate inventory.According to the National Financial Supervision Commission’s report on financial markets in 2017, the market did not see much change in property prices last year.Prices mainly increased in the segments of high- and mid-end apartments. Prices rose by 3-10 per cent for some high-end apartment projects in the urban area having convenient location, synchronous infrastructure, construction as per schedule and reputable investors, as well as attractive sales and promotional policies.The price of high-end apartments increased at the fastest rate of 7-10 per cent, while it rose 5-7 per cent for mid-end apartments and 3-5 per cent for affordable apartments.In the domestic market in 2017, trading volume increased significantly compared with 2016, the report noted. The high- and mid-end apartment segments witnessed the highest trading … [Read more...] about VN real estate marks successful 2017
Real estate remains third largest FDI lurer
According to Nguyen Hoai An, Manager of research, consultation, appraisal and asset management of CBRE, many foreign investors have realized the future potential of the real estate market in the Northern region, particularly in Hanoi.In 2017, Vietnam remained an attractive destination for foreign investors with total FDI capital registered in the country hitting a record high of US$35.88 billion, up 44.4 percent against last year.Although not exceeding 10 pct of the total registered capital, FDI in the real estate sector has continuously increased over the past five years. Previously, investment capital in the real estate sector focused on the southern market. However, according to CBRE, since 2017, many foreign investors have paid special attention to Hanoi’s property market.They have joined together with several big domestic investors to carry out projects, for example, Sumitomo Group’s deal on the northern side of the Red River which is expected to be a hot spot for real … [Read more...] about Real estate remains third largest FDI lurer
Real estate association claims HCM City won’t face real estate bubble
The Ho Chi Minh City Real Estate Association (HoREA) predicted stable development for the city real estate sector and claimed that there would not be a real estate bubble in 2018. illustrative photo According to the HoREA, the real estate sector development will continue to be stable and positive. From 2018 to 2020, there will be an adjustment to balance supply and demand. Affordable housings with prices around VND1bn (USD44,000) per apartment still have the most buyers.It also predicts cheaper high-end housing in order to attract more customers and more land sales. However, disputes at apartment buildings will become more common and need to be addressed.FDI and overseas remittance will remain important sources of capital. Firms can find various opportunities in HCM City as a number of infrastructure projects are being planned or carried out such as the metro lines, new buses, waterway public transport and the upgrade of Tan Son Nhat Airport.HCM City authorities are considering … [Read more...] about Real estate association claims HCM City won’t face real estate bubble
MA in real estate sector to increase in 2018
Dang Xuan Minh, general director of AVM Viet Nam & Vietnam M&A Forum, said the domestic property market was embarking on a second wave of M&A, after 2015, which would be fuelled by the hastened privatisation of State-owned enterprises and the increasing interests of foreign investors.The M&A market was expected to touch US$8 billion this year, of which the value of property deals accounted for the largest part, Minh said, adding average value was some $50-60 million per deal.M&A deals in the real estate sector were estimated at some $2 billion this year.According to Phan Xuan Can, chairman of property consultancy firm Sohovietnam, the announced M&A deals in the real estate sector were just the tip of the iceberg, and many deals were not disclosed.Can estimated that the value of M&A deals in the real estate sector which were announced accounted for just 20-30 per cent of the real value.In 2018, many mega deals were expected to take place, mainly in the … [Read more...] about MA in real estate sector to increase in 2018