Vietnamplus

Vietnam’s real estate market, despite its long-lasting struggle, is finally gaining momentum with stable prices on the rise, Savills Vietnam Managing Director Neil MacGregor declared on May 21.

The 2015 Vietnam furniture & home furnishing fair (VIFA HOME Sai Gon) will come to Hanoi for the first time from August 6-9, bringing about 110 exhibitors with 418 pavilions.

Experts at foreign property consulting firms expect the property market in Hanoi to rebound strongly this year, owing to robust sales of apartments during the last quarter of 2014.

Hanoi’s condominium market witnessed a great growth during the last quarter of 2014 with 7,200 apartments from 16 projects offered, reported CBRE Viet Nam Company Ltd., a foreign property service provider.

The capital city's property market, including the condominium market, recovered slightly in the third quarter of 2014 because of positive economic factors.

While apartment sales continue along a downward trend, developers of land plots and villas are hoping to attract buyers by reducing their prices, the Vietnam Investment Review (VIR) reported on June 13.

The Department of Business Development (DBD) of Thailand has revealed its plan to join hands with the Condominium Association in drafting new regulations to raise the management standard in condominiums and housing units to international level.

Many property investors have converted apartments for sale to those for lease to cut the selling price.

The Construction Ministry has proposed the Prime Minister that measures must be taken to control capital flows into the property market to prevent speculation.