Vietnamplus

The east of Hanoi leads the new supply of landed property, covering 80 percent of the total new launch in the first half of 2019, property consultancy CRBE Vietnam announced in an event to review the capital city’s real estate market from January to June and the future trends.

Private home prices in Singapore bounced to a five-year high in the second quarter of this year, reported the Urban Redevelopment Agency (URA) on July 1.

Investing in the booming shophouse segment in Ho Chi Minh City could end in losses, if market observers are to be believed.

Vietnam’s real estate market became the second most attractive investment field for foreign investors after it lured 1.1 billion USD in foreign direct investment (FDI) during January-April, or 7.5 percent of the total FDI inflow just behind the manufacturing and processing sector.

Supply of landed houses and villas in Ho Chi Minh City is short since developers are wary of this segment due to high costs and extended procedures, experts said.

Vietnam, boasting complete infrastructure, abundant industrial property on offer and a line-up of inked free trade pacts, is an attractive destination for world’s leading corporations, who are shifting production out of China due to high costs, said real estate consulting company CBRE Vietnam.

The number of town houses and villas put up for sale in Hanoi in the first quarter rose to 2,600, a record high in three years, property consultancy CBRE Vietnam said on April 10.

Convenience stores with many advantages are expected to dominate the local retail market, according to experts.

The Ministry of Construction has asked provinces and cities to report on home ownership by foreigners and Viet kieu (overseas Vietnamese) in Vietnam.

‘Smart homes’ are becoming a new trend in Vietnam’s housing market, however experts say that standards for ‘smart’ projects are needed.

New policies promoting development of the domestic automobile sector will create opportunities for the industrial real estate market, according to a CBRE Vietnam report released in December.

Foreign investors are interested in Vietnam’s real estate market, said Vikram Kohli, Regional Managing Director of Southeast Asia of CBRE – the worldwide leader in real estate services.

Apartment rental yields in Ho Chi Minh City have declined slightly due to excessive supply, property consultancies said.

The domestic market saw strong development in the landed property segment in the third quarter of this year, according to CBRE Vietnam’s report on the Hanoi property market.

Real estate attracts 23 percent of the total FDI injection into Vietnam in the first three quarters of 2018, property services firm CBRE Vietnam said on October 4.

The affordable apartment segment will be the star of the property market in the coming years, but its supply is increasingly scarce while the demand for this type of apartment remains high, according to an analysis by property services firm CBRE Vietnam.

Condominium property prices remained fairly stable during the first half of 2018, with under 2 percent in fluctuations.

The condominium market for sale showed signs of slowing down in the second quarter of this year, said Nguyen Hoai An, director of CBRE Vietnam’s Hanoi branch at a recent press conference to report on the capital city’s real estate market in the second quarter of this year.

Co-working space in Vietnam is growing in terms of both suppliers and types of co-working spaces targeting specific renters, real estate service provider CBRE Vietnam said on May 29.

Apartments for middle-income people remained hot for consumers, accounting for three quarters of the total apartments put on sale in the first three months of 2018.