The Hanoitimes - A high-end resort at the coastal province of Quang Nam has received an order of 250 condotels from its partner to resell to South Korean buyers. Vietnam has seen an influx of South Koreans seeking to acquire real estate as the Southeast Asian country has become an attractive destination for investors and holidaymakers from the kimchi land, according to VnExpress. Phu My Hung urban area. Photo: Internet A representative of a coastal resort project in the central province of Quang Nam, which has 690 condotels and 90 villas, has tipped a well-known US real estate agency has place order to buy up to 300 products for resale. Of those 300, 250 condotels will be reserved for South Korean buyers who are interested resort products. What attracts South Korean buyers at this project is its prime location, great coastal landscape, exclusive design to suit the high-end segment, and, most fundamentally, the absence of Chinese tourists, a broker said. Industry … [Read more...] about South Korean investors eager to purchase real estate in Vietnam
Coastal ridge real estate
VietNamNet Bridge - A series of real estate projects in advantageous positions in Da Nang City and coastal areas left idle for the last 10 years have changed hands recently. About 10 years ago, the central city of Da Nang witnessed a wave of investors from HCMC flocking there to develop coastal projects. Da Nang authorities hoped that the huge projects would help change the face of the city and turn it into a Hong Kong or Singapore in Vietnam. The names of Hyatt Regency, Montgomerie Links, One Poera Danang, Danang Golf Club and Indochina Riverside were the most wanted at that time. A series of real estate projects in advantageous positions in Da Nang City and coastal areas left idle for the last 10 years have changed hands recently. A series of groundbreaking ceremonies starting construction of the huge projects, capitalized at hundreds of millions of dollars, took place in the ‘golden land plots’ in the central area of the city. However, the $200 million Vien Dong … [Read more...] about Da Nang: Hundred million USD real estate transfer deals made quietly
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
Particularly, various commercial banks were praised for their efficient handling of bad debts, which provided momentum for the further growth of the stock market.Besides, a significant number of enterprises plan to increase charter capital as well as list on the stock market, which would in turn raise the supply of securities.To boot, blue-chip stocks continue to be the primary choice of investment funds, particularly overseas funds, because enterprises running effective operations are more likely to be trusted by foreign investors.Due to determinants such as the substantial investment demand and the appearance of FDI inflows into project development, the real estate market would potentially preserve the price stability enjoyed throughout 2018.The increasing supply in the real estate market remained unchanged during 2016-2017, leading led to excess supply by the end of 2017. This was particularly apparent in the high-end apartment segment.In addition, propelled by the steady demand for … [Read more...] about Real estate and stock markets to rise above market in 2018?
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