Amid the recovery of the real estate market, experts have rung early alarm bells about the risk of supply and demand imbalance by the recent boom in high-end housing projects.
Vietnam this year would remain among the top 15 recipients with remittances of roughly 12.5 billion USD from Vietnamese living overseas, a World Bank (WB) report says.
The revival of the housing market has had a positive impact on the prices of shares of property companies, according to the Vietinbank Securities Company.
A national database of the real estate market will be developed in an effort to provide basic market indicators with greater accuracy and improve the market transparency.
The Trans-Pacific Partnership (TPP) deal will have a positive impact on the domestic real estate market, while the property market has recovered in the third quarter, experts said.
Seventeen existing and new projects made a total of 9,550 apartments available in the real estate market of Ho Chi Minh City in the third quarter of this year, announced Savills Vietnam.
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.
The country's property market attracted 1.69 billion USD in foreign direct investment (FDI) for 15 projects in the first seven months of 2015, according to the Foreign Investment Agency.
Ho Chi Minh City has seen a swift recovery in the properties and real
estate market, said commercial real estate services and investment firm
CBRE Vietnam Co. Ltd at a conference held on June 30 in the southern
economic hub.
Foreign investors are seeking new investments in real estate projects in
Vietnam with attention on those at good locations in Hanoi and Ho Chi
Minh City, according to Saigon Giai phong newspaper.
Vietnam's social and economic factors are supporting the growth of
its real estate market, which has bottomed out, an executive at property
consulting firm Savills Vietnam has said.