In 2017, the resort real estate market segment was mostly focused in areas designed to be economic zones such as Phu Quoc, Van Don and Van Phong. In 2018, the ‘hottest spots’ of the market were in Quang Binh, Quang Tri, Quang Ngai, Phan Thiet, and Ha Tien, which remain untapped. Real estate experts all said they can see a strong rise of some markets empowered by the state’s big investments in infrastructure. A series of important transport works connecting areas have been implemented, which have lured big realtors who bring multi-billion dong projects. Huge projects have turned once-neglected land areas, poor in infrastructure and services, into potential resort markets. Experts have predicted that a new wave of investment into infrastructure in the areas of Cua Tung, Cua Viet, My Thuy and Vinh Thai in Quang Tri province is coming. It is estimated that over US$3 billion worth of capital would be poured into airports, highways and seaports. TPI Polene Power … [Read more...] about Resort real estate 2019: emerging markets
Angelo gordon real estate
JLL: Real estate market in 2019 marked by 5 trends
Vietnam’s real estate market will be shaped by five main trends in 2019 according to a JLL report: the mid-end and affordable apartment segment, flexible workspaces, technology companies in the office segment, e-commerce in logistics, and hotel lifestyle. The mid-end and affordable segment will dominate the country’s property market, with the report noting an increase in small and ultra-small apartments. About ten years ago, high-rise projects had two-bedroom apartments of about 120 sq m, but now there are no two-room apartments over 100 sq m being built. Preferences in apartment size among both buyers and developers have changed. “Most first-time homebuyers are only able to afford larger apartments in apartment blocks far from the city center,” said Mr. Stephen Wyatt, General Director of JLL Vietnam. “But psychologically, young buyers want to live in a convenient location, so they buy small apartments with full amenities and community … [Read more...] about JLL: Real estate market in 2019 marked by 5 trends
Hanoi ranks 3rd most global dynamic real estate city: JLL
The Hanoitimes - Hanoi is pulling in expanding levels of investment from large multinational technology firms. Why is Vietnam's real estate a magnet for international investors? (P.2) Why is Vietnam's real estate a magnet for international investors? (P.1) More reforms urged to encourage foreign investment in Vietnam’s real estate market Hanoi real estate market ends up 2018 with bright picture Foreign investment fuels industrial real estate in Vietnam Hanoi is listed the third in JLL’s City Momentum Index (CMI), indicating a highest level of socio-economic and commercial real estate dynamism. Part of Hanoi. Photo: Internet The CMI, which measures momentum for 131 of the world's most commercially active cities, identifies the urban economies and real estate markets which are currently undergoing the most rapid growth. Hanoi, behind Indian cities Bengaluru and Hyderabad, has strong links to the technology and innovation … [Read more...] about Hanoi ranks 3rd most global dynamic real estate city: JLL
Why is Vietnam’s real estate a magnet for international investors? (P.2)
The Hanoitimes - Geographic advantages are among factors proving that Vietnam is one of the world’s promising lands for global investors. Geographic advantages A beach in Phu Quoc island. File photo Over the past years, foreign capital inflows have been reportedly increasing in different parts across Vietnam like the capital city of Hanoi, the northern coastal city of Haiphong, the northern province of Quang Ninh, which is home to the world’s natural heritage Ha Long Bay, the northern province of Bac Ninh, which is home to a Samsung complex and hundreds of its Korean vendors, and Japanese Canon. The central region becomes attractive destination with the world’s famous beaches of Nha Trang, Phan Thiet, and Danang. Dozens of big domestic and overseas investors namely Vingroup, Sun Group, and French multinational hospitality company Accor have poured money into the aforementioned localities. In a latest move, Prime Minister Nguyen Xuan Phuc has … [Read more...] about Why is Vietnam’s real estate a magnet for international investors? (P.2)
SBV restricts real estate and construction loans
Document 563 sought tighter control over credit growth to meet the SBV’s target of 17 per cent for 2018, Photo: Le Toan According to experts, real estate firms need to apply more effort to cope with more stringent lending requirements starting this year, and with the coming influx of new supply. The State Bank of Vietnam (SBV) recently asked credit institutions and local offices of foreign banks to give lending priority to production and business and to strictly monitor the acquisition of consumer loans that are used, in reality, for investment and trading in real estate and/or securities. SBV’s recent Document No.563/NHNN-TTGSNH, issued in January by SBV, asked for tighter control over credit growth in order to meet its target. The credit growth target for 2018 was set at 17 per cent, lower than the growth rate of 18.17 per cent the year prior. SBV Governor Le Minh Hung has instructed financial institutions to lessen the focus on real estate and construction and … [Read more...] about SBV restricts real estate and construction loans