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
Real estate answering service
Condotel—the future of the real estate industry
Michael Piro, director of Strategic Services Can you share with us your general opinion about the potential and prospects of condotel development in Vietnam? There is tremendous opportunity for condotel products in Vietnam. Condotels typically find themselves on resort properties, a holiday destination option that has become increasingly popular in Vietnam. If you look the country, it has a more than 3,000km of coast line, so naturally you are going to find a lot of beachfront hotel and hospitality developments. This is what makes Vietnam an attractive destination for condotel products. I think Vietnam has a lot to offer to both developers and buyers of this product, but I do have concerns about the speed in which it is progressing in—it is happening too quickly. The key driver for success and sustainability in this market is transparency. Developers need to be very open with buyers to make sure they are clear on both the risks associated and the rewards of these types of … [Read more...] about Condotel—the future of the real estate industry
Bản in : Southern real-estate firms see Hanoi as land of opportunity
Highly professional southern real estate firms are heading north, attracted by the residential property market in Hanoi where demand exceeded supply, said Nguyen Tran Nam, Deputy Minister of Construction. Nam said the real estate market in Hanoi has an unsatisfied demand for apartments and houses, made worse by the fact 800 apartment and house projects have been placed on hold until the capital's 10-year urban development plan is completed. Southern trademark real estate firms see great potential in Hanoi where similar brands were lacking and real estate projects being developed by companies that were former State-owned enterprises. Marketing and sales activities in the real estate market are not strong in Hanoi, he said. One of those heading north is the Green Land Group, which has launched its Northern Green Land Real Estate and Service Joint Stock Company in Hanoi. "Property enterprises in Hanoi have ignored the property segment for low-income people," said Luong Tri Thin, … [Read more...] about Bản in : Southern real-estate firms see Hanoi as land of opportunity
Strengthening measures to stabilise the upcoming Tet market – Trade – Service – Economy
At the meeting, members of the Government has set out the action plan to strengthen the implementation of measures to stabilise prices, the market, preparing for the People to welcome the upcoming Lunar New Year (Tet) economically and safely. Chairman of the Government Office Minister Nguyen Van Nen said the statement heard by Prime Minister Nguyen Tan Dung at the meeting highlighted the national socio-economic situation with positive changes. The Prime Minister asked ministries to promote the achievements, and drastically implement targeted solutions. Prime Minister Nguyen Tan Dung requested ministries and localities to focus on solving difficulties, facilitate the development of manufacturing enterprises, business, and maintain the national macro-economic stability. The Prime Minister also required the Ministry of Industry and Trade to closely monitor market movements of supply and demand of goods, prepare the essential consumer goods to supply people sooner with reasonable prices … [Read more...] about Strengthening measures to stabilise the upcoming Tet market – Trade – Service – Economy
Potential for Vietnam, Singapore to double import-export value
PANO – President Tran Dai Quang attended the Singapore-Vietnam Business Forum on August 29 during his State visit to Singapore from August 28-30. The forum co-held by the Vietnam Charm of Commerce and Industry (VCCI) and Singaporean counterparts at Ritz Carton Hotel was attended by representatives of about 250 businesses of both countries. At the forum, President Tran Dai Quang ran a brief introduction of the economy of Vietnam, saying that the country has become a middle-income nation with the per capita income of about USD 2,100 and the GDP of USD 200 billion and is accelerating industrialization, modernization and international integration. In 2015, the economy enjoyed a growth rate of 6.7%, the highest rate since 2011. In the coming time, Vietnam is to fully implement its ASEAN Community and WTO commitments, join new free trade agreements and integrate into the regional and global economy in a deeper and broader manner. Vietnam is consistently implementing its targets of … [Read more...] about Potential for Vietnam, Singapore to double import-export value