Developing real estate leads

There has been something of a real estate “fever” in recent times at the Thu Thiem Urban Area, the proposed new CBD and mixed-used urban area in Ho Chi Minh City’s District 2 and which is set to become the largest inner-city development in Southeast Asia. Investment into the urban area has been strong over the last few years, with a host of both local and foreign real estate developers seizing the opportunities on offer. Vietnam’s real estate market attracted $5.54 billion in FDI in the first half of this year, accounting for 27.25 per cent of total investment into the country, according to the General Statistics Office (GSO). 2018 marks ten years since the last real estate downturn and nearly five years of recovery. “Given that monetary policies are expected to stay neutral-to-accommodative to support growth when FDI inflows in the hundreds of millions of dollars are poised to enter the real estate market, the market is expected to continue stabilizing … [Read more...] about Real estate fertile ground for foreign investors

VietNamNet Bridge - Experts have warned of a ‘real estate bubble’ as land prices have been escalating. / Has the 'real estate bubble' returned? Deputy director of the Central Institute of Economic Management (CIEM) Tran Kim Chung said at a recent workshop that he can see eight out of 10 signs of a real estate bubble. He said the number of transactions and newly kicked-off projects, the scale of projects, cash flow, and price levels in the real estate market all are on the rise, which shows  high risks of a crisis. He said if the other two indexes – public investment and the capital for construction – also increase, this means the crisis of 2008-2009 could return. Also according to the expert, the real estate market develops in a 10-year cycle, with recovery, growth, recession and crisis in rotation. The real estate market was at the bottom of crisis in 2011-2013. It began recovering in 2014 and then bounced back in 2015-2017. The real estate … [Read more...] about Eight out of 10 signs of ‘real estate bubble’ visible: experts

VinaCapital’s flagship fund the Vietnam Opportunity Fund (VOF) and Dragon Capital last month announced they spent $21 million acquiring a 25 per cent stake in the Century Land JSC (CenLand), one of Vietnam’s leading real estate brokerages and the leader in the northern region.  CenLand has focused on traditional sales channels since 2002, with its popular real estate supermarket system STDA, and has developed its online brokerage platform Nghemoigioi.vn over the last two years.  Online channels contributed to the surging number of the company’s transactions in 2017, at 11,555, an increase of 20 per cent against 2016, thanks to real estate support technology.  “Online real estate has seen impressive growth of more than 60 per cent over the last three years and is expected to continue growing into the future,” said Ms. Le Hoang Uyen Vy, General Partner at ESP Capital. Fertile ground In line with Vietnam’s burgeoning real estate … [Read more...] about Online real estate brokerage gaining acceptance