Vietnamplus

Digital transformation in the real estate sector is an inevitable trend that will boost sales of products and services in the industry, heard a forum organised in Hanoi on December 13.

Digital transformation is no longer an option but a mandatory trend for real estate enterprises to overcome difficulties and contribute to promoting the formation of a healthy, transparent, and sustainable market.

As a growing number of companies in the real estate industry are embracing technology to promote their sales since the pandemic, investments are flowing into proptech start-ups to capture the opportunity.

The country’s real estate market has seen positive signs for recovery following the economic reopening, experts said.

Real estate prices in 2021 are expected to increase by 10 percent over the previous year, said Nguyen Van Dinh, deputy general secretary of the Vietnam Real Estate Association (VNREA).

There is a trend of real estate developers moving their investments from big cities of Hanoi and Ho Chi Minh City to other localities, experts have said.

A policy allowing foreign individuals and organisations to buy and own houses and construction works in Vietnam will help lure investment and high quality human resources from the outside to the country for national development, according to Nguyen Tran Nam, Chairman of the Vietnam Real Estate Association.

The Vietnam Real Estate Association has proposed the Government develop measures with a focus on credit and tax support, together with improving the legal framework for new property products so as to aid the property market to overcome this difficult period.

The Vietnam Real Estate Association (VNREA) held a conference in Hanoi on February 18 to discuss difficulties in mechanisms and policies faced by businesses and investors.

Local property experts have forecast that the domestic real estate market will recover this year.

Vietnam was in urgent need of policies to develop a transparent and sustainable agricultural land market to attract more investment in the farming sector, according to the Vietnam Real Estate Association.

Local demand for real estate products with long-term ownership exceeds supply as most of Vietnamese people prefer this kind of deal, experts said during a recent conference.

Green buildings provide more benefits for investors in the long term than normal buildings and reduce the economic burden for low- and middle-income families, according to general secretary of Vietnam Real Estate Association (VNREA) Nguyen Viet Chien.

The domestic real estate market in the second half of this year is not expected to witness significant changes in price due to stability in supply, according to experts.

If credit policies for luxury home purchases were tightened, it could be a shock for the property market, experts have warned.

Vice Chairman of the Vietnam Real Estate Association (VNREA) Nguyen Manh Ha has stated that there is still room for resort real estate to develop, especially in new markets.

The domestic property market showed stable development in the first quarter of this year with the emergence of potential new property trading regions.

The Vietbuild International Exhibition 2019 with the theme of construction, industrial machinery and equipment and interior-exterior decoration will be held in Ho Chi Minh City from April 11-15.

The rapid population growth is putting a lot of pressure on housing in Vietnam’s urban areas.

The first edition of the Vietnam industrial real estate forum will be held in Hanoi on April 23 by the Central Institute for Economic Management (CIEM), the Vietnam Real Estate Association (VNREA), and Thuong Gia (Merchant) Magazine.