Next year, apartment prices would continue stablility in Hanoi. (Photo: zing news) Hanoi (VNS/VNA) - The local condominium market is expected tomaintain growth in the amount of information about property products posted on batdongsan.com.vn and the level ofinterest in 2021, said Nguyen Quoc Anh, chief business officer (CBO) ofthe batdongsan.com.vn.
Nextyear, apartment prices would continue stablility in Hanoi while it isforecast to increase by 9 percent year on year in Ho Chi Minh City, Anh said.
Thelevel of interest in private houses and townhouses is set to decrease, drivingdown rental prices, while the asking price for private homes in Hanoi isforecasted to grow by 5 percent in 2021.
Anhsaid investors are most interested in landed property, but due to the COVID-19pandemic, interest has decreased.
Infrastructureprojects that started in 2020 are expected to increase the level of interest inthis segment in the near future, Anh said. Of which, the level of interest in informationabout property in Thuy Nguyen district, Hai Phong city and Bao Loc city, Lam Dongprovince surged in November after the approval of a project establishing ThuyNguyen city and a project building the Tan Phu – Bao Loc expressway,respectively.
Forindustrial real estate, Anh said it was a bright spot this year and that wouldcontinue into 2021 due to free trade agreements and plans torelocate production plants to Vietnam from many foreign corporations.
"Thisis a chance for Vietnam, but whether Vietnam can take the chance or not isanother story. The development of this property segment does not stop at theconstruction of industrial parks for foreigners to rent. It must have acomprehensive development strategy for this segment," Anh told the VietnamReal Estate Conference held by batdongsan.com.vn onDecember 8 in Hanoi.
Inthe first six months of this year, only one industrial park was established,showing while there is much talk about the potential of industrial realestate, little gets done in reality, Anh said.
Inthe third quarter of 2020, industrial real estate showed impressive growth insearching for information about industrial zones.
Inthe third quarter, the country had 369 industrial zones to be established, up33 industrial parks compared to the second quarter and 280 industrial parkswere put into operation, an increase of 19 industrial parks compared to thesecond quarter.
Thisyear had 10 new major transport projects to be started nationwide,including five in the central region.
“Alongwith moving investment to Vietnam, these large transport projects will have astrong impact on the domestic real estate market. Therefore, the market willhave positive changes in 2021,” Anh said.
Inaddition, with a lot of positive information about the COVID-19 vaccine, theresort property segment is also expected to recover next year, he said.
Atthe seminar, Nguyen Hong Van, Market Director - JLL Vietnam Real EstateServices Company, said the price and occupancy rate of industrial real estatein Vietnam will continue to increase in the next few years. Of which, two industriesleading the number of companies investing in industrial zones are electroniccomponents and logistics.
Accordingto Van, the region with the most opportunities for real estate development inindustrial zones is in the north, especially Hai Phong city, due to large landarea, competitive price, convenient transportation and synchronous developmentof infrastructure.
“So,along with traditional industrial real estate, the demand for modern logisticswill also be an opportunity to help the northern industrial real estate marketthrive in the near future,” Van said.
However,it would face a number of challenges such as hot development leading to ashortage of labour, limited infrastructure conditions such as energy,wastewater treatment and support services for the development ofmanufacturing logistics and housing.
Theinvestment to industrial zone is a long term performance within 30-50 years butnot only 3-4 years, Van said, so investors should study carefully thisinvestment.
Ifthey are unable to do that investment, they can put capital to construction ofhouses or satellite urban areas around industrial zones for workers to buy or rent,she said./.
VNA
