The resort property sector, especially condotels (condominiums in hotels), have stalled in both supply and transactions, according to the Vietnam Association of Realtors (VARS).
Vietnam’s real estate market in the final quarter of 2018 is likely to see the strongest growth of the year in housing transactions, even higher than that of the same period last year, according to Nguyen Van Dinh, Vice President of the Vietnam Association of Realtors (VARs).
There will not be much change in the property market in the second half of the year, a senior Ministry of Construction official has said.
The real estate sector in the northern coastal province of Quang Ninh has become more attractive to investors thanks to the robust development of local infrastructure.
The real estate market, especially the residential land segment, is expected to continue to grow solidly this year thanks to huge infrastructure works in many places around Vietnam accompanied by a raft of property developments.
Domestic and foreign real estate investors and enterprises are introducing their products and projects to customers in Hanoi through the Viettreal Expo 2017, which kicked off on June 2.
Vietnam’s major cities are gearing up to develop homes for workers, planning to construct small studios of some 25-50sq.m at the price of 150 million (6,500 USD) per unit.
The Vietnam International Real Estate Expo (VietReal Expo) will return to Hanoi in early June, the Vietnam Association of Realtors (VARS) announced in a press conference on May 25.
The real estate market will welcome many new launches in the second quarter of 2017 and sales volumes will be higher than the last quarter, according to the Vietnam National Real Estate Association.
More than 70 companies are attending the Vietnam real estate and building material fair 2016 – VietHome Expo 2016, which kicked off in Ho Chi Minh City on July 8.
