Office real estate will continue to be attractive this year, both in Hanoi and Ho Chi Minh City, which will attract more capital influxes once the Trans-Pacific Partnership (TPP) takes effect
Though there is no sign yet of the price "fever" that periodically marks the Vietnamese property market or a bubble, the market remains a hot topic for analysts and the media.
The northern port city of Hai Phong is potentially becoming a key logistics centre domestically and internationally with improved infrastructure system
Vietnam's real estate market is expected to continue recovery this year after gaining good business results last year, with the market reaping benefits from favourable macro conditions, experts said.
Housing transactions in Hanoi last year hit a record 21,100, surpassing the sector’s peak in 2009, according to property service provider CB Richard Ellis (CBRE) Vietnam .
Strong recovery was seen in the Ho Chi Minh City housing market in 2015, particularly in the mid- and hi-end segments, according to an expert from CBRE Vietnam.
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.
Aside from garments, aquaculture and agriculture, the property-related sectors like industrial parks and logistics will enjoy the positive effects of the Trans-Pacific Partnership agreement.
Although supply has recently surged, there is not likely to be a real estate bubble in Vietnam, said CBRE’s Operational Director Richard Leech at a press conference in Hanoi on September 29.
Tumbling stocks and gold prices may drive investors away to the real estate market as property is traditionally a favourite channel for investment in Vietnam compared to gold, stocks and bank savings.
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