According to a report recently issued by Batdongsan.com.vn, one of the biggest property portals in Vietnam, Hanoi is the second most searched city when users look up real estate at 170 million searches. The two cities are followed by central Da Nang City, southern Bien Hoa town, northern Hai Phong City, central Nha Trang town, and Vung Tau Town and Can Tho City in the south in terms of popularity. Overall, the leading position of Saigon real estate is predicted to continue to remain the same because of its housing market is still seeing a lot of actions. Consumer data collected from Internet queries also showed the level of interest given to real estate in each specific area. Saigon attracted the highest level of interest, at 41.8 percent of recorded consumers, the largest in Vietnam, while Hanoi had 29.7 percent. Central Khanh Hoa Province, Da Nang, and southern provinces of Dong Nai and Binh Duong recorded modest numbers, fluctuating between 3 to 4.5 percent. Interest is measured by … [Read more...] about Real estate in Saigon the most sought after in Vietnam
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Foreign direct investment (FDI) into Vietnam’s real estate sector has continued rising, showing positive signs for the sector. According to the Ministry of Planning and Investment’s Foreign Investment Agency, in the first two months of this year, Vietnam attracted USD312 million investment in the real estate sector, accounting for 9.3% of the country’s total registered FDI during the period. In the first two months of this year, Vietnam attracted USD312 million investment in the real estate sector With the figure, real estate stood third among sectors which lured FDI the most between January and February this year. By the end of 2017, Vietnam attracted a total USD53.1 billion FDI in the property sector, making up 16.7% of the country’s total FDI. Japan has become the biggest foreign investor in Vietnam’s real estate sector with the participation of its big names such as Mitsubishi, Maeda, Kajima, Sumitomo, Sanyo and the Creed Group. … [Read more...] about FDI into real estate sector on the sharp rise
The Hanoitimes - Nearly $ 2 billion of foreign capital pouring into the market, Vietnam`s real estate is considered as "rising star" of Southeast Asia. That is the statement made by Jones Lang Lasalle (JLL) when evaluated on the overall economic development of the ASEAN region. According to JLL, together with Indonesia, Vietnam will develop and create many opportunities for regional investors.According to the JLL, Vietnam is in the most favorable period for economic development, with outstanding growth indicators, compared to other countries in the region. Besides, the capital market tends to look for opportunities in Asia. In particular, commercial real estate in Vietnam is among the markets with the highest yields for global investors with an affordable price point and the growth of rental rates. If the Vietnam Dong continues to be stable as before, yielding assets can be adjusted. According to data from JLL assessment, Vietnam is a "rising star" in the field, there are many … [Read more...] about Vietnam`s real estate considered as “rising star” of Southeast Asia – Real estate – Economy
The real estate market will continue to see strong demand in all sectors and supply will not be able to cater for that demand until 2010, says Marc Townsend, general director of property management firm CB Richard Ellis Viet Nam. According to Townsend, the current Ha Noi's Grade A and B office space is about 300,000 sq. m and monthly rents range between US$40-50 per sq. m. With office occupancy in Ha Noi and HCM City hovering around 100 per cent, monthly rents are expected to touch $65-70 per sq. m. The serviced apartment market also sees high occupancy rates with more expatriates coming to live in the country, said Townsend. This year Ha Noi will see the opening of two new buildings, Ascott and Frasers, which will bring a total of 463 apartments to the market at $30-45 per sq. m. With no new stock slated to open in HCM City, prices at established branded units will rise to $40-45 per sq. m. In the retail market, there are currently no new shopping malls expected in Ha Noi. The largest … [Read more...] about No end in sight for rising real estate demand
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?