The Hanoitimes - Geographic location, policies and incentives in drawing foreign capital inflows have formed robust status for Vietnam`s industrial real estate. Haiphong – city of heated industrial property Northern industrial real estate benefits from manufacturing growth FDI boosts Vietnam’s industrial real estate in 2018 Both domestic and foreign real estate experts have predicted that industrial property would be the most attractive segment in Vietnam in 2019 and the years to come thanks to a number of factors, mostly the government’s preferential policies. Facilities in an industrial park. Illustrative photo Vietnam has appeared to be one of the best choices for multinational corporations that want to shift their localities in the global transition, Nguyen Tran Nam, head of the Vietnam National Real Estate Association (VNREA), said at the Vietnam Industrial Property Forum 2019 held in Hanoi on April 23. With a strong belief … [Read more...] about What makes Vietnam’s industrial real estate most attractive in 2019?
Asia real estate association
The Hanoitimes - More Japanese and South Korean investors are pouring money into the real estate sector regardless of segments. FDI boosts Vietnam’s industrial real estate in 2018 Hanoi, HCMC, Danang stir Vietnam real estate market with lots of exciting activities Japanese investors, after years of working with different markets, have concluded that the real estate market in Vietnam appears to be most attractive in Southeast Asia. Vietnam has become an appealing destination for its safe and stable business environment though prospective in regional peer like Indonesia or Cambodia remains bright, Director of Japan’s Global Link Cooperative Yoshinori Nakata told Vietnam News Agency on the sidelines of an investment promotion workshop in Osaka, Japan on April 9. Yoshinori Nakata. Photo: VNA Real estate has turned to be the most-chosen investment channel in Vietnam as foreign investors see their significant returns on the money they will invest, … [Read more...] about Vietnam real estate market most attractive in Southeast Asia: Japan investors
Japanese investors are increasingly attracted to the Vietnamese real estate market For the past year, many Japanese investors have co-ordinated with Vietnamese counterparts to develop property projects in the country. The largest project to come from Japanese investment so far, Sumitomo and BRG Group are expected to start construction of a $4.2 billion smart city in Hanoi this year. Elsewhere, Mitsubishi has also co-operated with Vietnamese property developer Bitexco to create 240 low-rise housing units and two high-rise condominiums out of a proposed total of more than 1,000 low-rises and 17 high-rises at The Manor Central Park project, also located in the capital. Mitsubishi has recently decided to pour a total of around $500 million to develop a range of projects developed by domestic Phuc Khang Group. “Major cities like Hanoi and Ho Chi Minh City have high population density and large-scale economies, while the housing supply still limited. The improving … [Read more...] about Japanese investors flock to real estate
The Hanoitimes - The industrial parks are available in every part of Vietnam, mainly Ho Chi Minh City, Hanoi, Binh Duong, Hai Phong, Quang Ngai, and Dong Nai. Industrial real estate will continue its growing trend in 2018 thanks to rising demand from foreign-invested enterprises (FIEs), according to Savills Vietnam. Illustrative photo The establishment of industrial parks have led to the growth of logistics and industrial real estate that are driven by the performances of both domestic and foreign firms, mainly multinational corporations. Industrial property highlighted Demand for industrial property is on the rise following the growth of foreign direct investment (FDI) which hit US$34.5 billion in 2018. Accordingly, more firms seek for establishments that range from 500 sq.m to 50,000 sq.m including build-to-suit to optimize their facilities and save cost, Savills Vietnam said. Meanwhile, the Vietnam National Real Estate Association (VNREA) … [Read more...] about Foreign investment fuels industrial real estate in Vietnam
Experts remain upbeat about the development of the property market next year, driven by huge market demand and new real estate development trends. According to Nguyen Tran Nam, chairman of the Viet Nam Real Estate Association, the real estate sector still had momentum for development next year and this would continue for the next 30-50 years. Under the national housing development strategy, each year, Viet Nam, with a population of 96 million and rapid urbanisation, would have to develop around 100 million sq.m of residential areas each year, creating opportunities for developers, Nam said. “The liquidity of the real estate market will improve if developers make the right decisions about the locations, segments and time for their projects,” he said. Nam added that Vietnamese developers should also promote cooperation with foreign companies with financial capacity in property development in the condition that the credit for real estate was being tightened and most Vietnamese … [Read more...] about Experts upbeat about real estate