The growth in Vietnam`s capital markets to US$200 billion in value from some US$35 billion five years ago, was a big draw for global investors, Jeffrey Perlman, Southeast Asia chief of Warburg Pincus told Reuters. Foreign investors, especially from Asia, continue to invest heavily in Vietnam's real estate market through direct investment or shares purchases in local enterprises. Sharp increase in direct investment Japan-based Hinokiya Group and Technical World Group (TWG) signed an agreement on June 22 to develop a Japanese-style house project in Ho Chi Minh City through the establishment of a joint venture, for which the capital contribution ratio will be 50:50. This real estate project covers an area of 9.7 hectares in Ho Chi Minh City, marking Hinokiya Group's first project outside Japan. According to the Japanese group, Vietnam is considered a market with huge potential for investment, thanks to its stable and high economic growth rate, young population … [Read more...] about Foreign investors keep flocking to Vietnam’s real estate market
Real estate market
Real estate market warms up, contractors thrive
VietNamNet Bridge - The construction industry is experiencing good days thanks to the warming up of the real estate market. The real estate market warms up According to the General Statistics Office (GSO), the construction industry grew by 8.7 percent in 2017 over the year before, contributing 0.54 percentage points to the GDP growth, ranking third among industries with greatest contributions to the GDP growth. Analysts predicted that the construction market would grow more slowly in 2018 because of new regulations which tighten credit flow into the real estate sector. However, large construction firms have won bids for big projects. The total value of the contracts Hoa Binh has signed are VND20.48 trillion, mostly projects on multi-story buildings, hotels and resorts. In the first four months of the year, it received contracts valued at over VND6 trillion. RELATED NEWS Real estate market to prosper thanks to stock upswing Real estate M&A deals … [Read more...] about Real estate market warms up, contractors thrive
Real estate market cools
Real estate market coolsThe Saigon Times Daily HoREA says the property market showed signs of cooling in the first five months of 2018 - PHOTO: TL HCMC - The property market showed signs of cooling in the first five months of the year, according to Thanh Nien newspaper, citing a report from the HCMC Real Estate Association (HoREA). In the five-month period, 29 projects were introduced, marking a year-on-year decline of 9.4%. In addition, nearly 9,200 apartments were put up for sale, plunging 44.5% against the year-ago period. However, the real estate market is expected to return to its regular growth path in the remaining months of the year, and a real estate bubble is unlikely, HoREA stated. Land price manipulation and illegal land splits, seen in the outlying districts of HCMC since late last year, especially last month, have also been controlled. In addition, unusually sharp price rises only occurred in the land segment, not the apartment segment, which is considered the … [Read more...] about Real estate market cools
Real estate market is ‘fragile’, could lead to another bubble, experts say
Land fever in Phu Quoc, Long An, Nhon Trach and HCM City, a lack of houses for low income earners, and an oversupply of high-end apartments are the main features of today’s real estate market. The real estate market has warmed up Investors continue pouring money into the high-end apartment market segment, even though there is a sufficient supply. With the selling price of VND45 million per square meter at minimum, the number of target customers is not high. By the end of the first quarter of 2017, nearly 30,000 apartments of this kind had been marketed in the eastern part of HCM City alone. Buyers from Hanoi could partially ease the oversupply, but it is still not enough. There is no official report about the number of apartments sold to those who have real demand for apartments. However, the figure is estimated at roughly 30 percent. Analysts warn that the high GDP growth rate may lead to a ‘real estate bubble’ like the one in 2007 and 2010. The bubble … [Read more...] about Real estate market is ‘fragile’, could lead to another bubble, experts say
Quang Ninh real estate market draws in $5.5 billion investment
The increasingly improved and synchronised transport infrastructure, tourism potential, and abundant natural resources are all favourable conditions luring in big investors, especially in real estate, to Quang Ninh. Sun World Halong Park is the largest entertainment project in Quang Ninh Numerous real estate projects have changed the face of Quang Ninh in the last three years, such as Vinpearl Halong Bay Resort, Vincom Plaza Halong, Vinhomes Dragon Bay, Halong Marina, Green Bay Village, and New Life Tower Halong. The largest investor in Quang Ninh’s tourism real estate market is Sun Group with the 214-hectare, VND7.8-trillion ($343.4 million) Sun World Halong Complex which has already been put into operation. The group is also developing shophouses and five-star villas and resorts at Sun Premier Village Halong Bay. FLC Group is also present in Quang Ninh, with a project covering a total area of 224 hectares with a total investment of VND3.4 trillion ($150 million). This … [Read more...] about Quang Ninh real estate market draws in $5.5 billion investment