Experts have noted their hope that coastal resorts will play a role in accelerating the recovery and development of the domestic resort real estate market which is facing an array of challenges.
Vietnam's resort real estate sector is set to see a fresh recovery as many foreign funds and investors are seeking suitable investment products, said experts from the real estate agency Savills Vietnam.
Vietnam's resort real estate sector is set to see a fresh recovery as many foreign funds and investors are seeking suitable investment products, said experts from the real estate agency Savills Vietnam.
Vietnam’s tourism is returning to the new normal and the resort real estate also begins getting back to the racetrack after a two-year hiatus caused by the COVID-19 pandemic, with numerous projects expected to be offered for sale in 2022.
Vietnam’s tourism is returning to the new normal and the resort real estate also begins getting back to the racetrack after a two-year hiatus caused by the COVID-19 pandemic, with numerous projects expected to be offered for sale in 2022.
This 1,000ha project features hundreds of entertainment and shopping facilities, as well as healthcare, sports, and meeting services, suitable for both short and long holidays, M.I.C.E tourism, and wellness tourism.
In the remaining months of 2021, once the COVID-19 pandemic is brought under control, Vietnam will be one of the locations attractive to many investors to resort real estate.
The country’s apartment inventory was estimated at some 3,300 units by the end of the first quarter of the year, falling 5,700 units compared to the same period last year, according to the Ministry of Construction (MoC).
Vietnam's real estate market will not be short of capital next year but will still face many challenges from policies and administrative procedures, experts said at the annual Vietnam Real Estate Forum.
Vietnam holds huge potential for developing the resort market thanks to high economic growth and growing travel demand, experts said at a recent workshop in Hanoi.
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 future looks bright for Vietnam’s real estate sector, especially the resort segment, which is attracting attention from both domestic and foreign investors.
As many as 800 domestic and foreign investors, property businesses and experts are expected to attend the first annual Vietnam Real Estate Forum, which will be held on November 15.
Vietnam’s resort real estate market has strong potential to develop, Japanese investors remarked at an event held by the property developer FLC Group in Tokyo on September 7.
Seaside resort real estate has become a hotspot for investors in the recent two years in the central city of Da Nang, said the property service group CBRE Vietnam on August 9.
Foreign direct investment (FDI) in the real estate market hit nearly 52.7 billion USD as of May this year, with 65 percent of which or 40 billion USD being poured into resort projects.
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