Commercial Real Estate Services (CBRE) Vietnam has been selected to manage the Phu My Hung Development Corporation’s commercial projects in Ho Chi Minh City’s District 7.
CBRE Vietnam experts have forecast a continued annual rise of 3-7% in industrial land rental prices in the South, accompanied by a projected yearly increase of 0-4% in pre-built warehouse and factory rentals over the next three years in Vietnam.
The industrial realty market has recorded robust development on the back of recovering foreign trade which grew 15.7% year-on-year to 368.53 billion USD in the first half of the year, insiders have said.
Prices of condominiums in Hanoi are catching up with prices in Ho Chi Minh City in both primary and secondary markets, according to CBRE Vietnam’s report on the capital's real estate market in the first half of this year released on July 9.
The supply of new apartments in Hanoi increased fourfold in the second quarter of 2024 from the previous quarter, Nguyen Hoai An, Senior Director for the research and consulting division at CBRE Vietnam, said at a press conference on July 9.
The industrial real estate market, particularly in the southern region, held steady in the first months of this year, which experts said was mainly thanks to rebounding imports and exports, and increasing influx of foreign investment.
Vietnam’s industrial real estate market is heating up due to healthy absorption of industrial land, ready-built factories and warehouses, reported experts from real estate consultancy CBRE Vietnam.
Information relating to the loosening of credit room, and commitments from the Ho Chi Minh City People's Committee and other agencies on removing hurdles to transactions have led to experts' positive views on the future of the property market.
Vietnam’s tourism is returning to the new normal and the resort real estate also begins getting back to the racetrack after a two-year hiatus caused by the COVID-19 pandemic, with numerous projects expected to be offered for sale in 2022.
After a long hiatus caused by the COVID-19 pandemic, Vietnam’s tourism is gradually reopening with the resumption of international flights, which is considered a positive factor helping recover the hotel market.
A hybrid working model comprising both remote and office-based work is a trend that many companies will embrace since working methods have changed globally after the pandemic broke out, including in Vietnam, experts have predicted.
Hanoi’s condominium supply volume and sales are expected to improve in 2021, with between 24,000 and 26,000 units to be put on the market, CBRE Vietnam said at a January 7 event to announced its Q4 2020 quarterly report.
The occupancy rate at operational industrial parks in the major industrial localities in the south averaged 84.5 percent during January-September, according to a report from CBRE Vietnam.
More and more realty firms are using digital platforms to sell their products, driven by the Government's encouragement to develop local digital technology firms amid the COVID-19 pandemic.
The Hanoi condominium market had lower new supply volume in the third quarter of this year (Q3 2020), while the sold units have exceeded new launches, according to CBRE Vietnam's report on the Hanoi property market in Q3 2020.
Though the second wave of COVID-19 dashed hopes for quick tourism recovery in 2020, real estate services firm CBRE Vietnam believed the industry’s long-term outlook remains positive.
The hotel market in Vietnam this year is expected to face a severe decline in room occupancy due to the COVID-19 pandemic and will not recover until next year, industry experts have said.