In a forecast it has sent to the Government, HoREA said one- and two-bedroom apartments price at below VND1 billion (US$43,800) would be the best-selling segment and have the highest liquidity. “The social housing segment will further develop while there will be a restructure of the high-end segment to meet market demand,” it said. “Condotels and land plots in housing projects will continue to be in great demand. “Disputes over apartment buildings will be more knotty and need to be resolved in a timely manner.” Le Hoang Chau, chairman of HoREA, said the city real estate market would expand this year to neighbouring regions. Investors, both domestic and foreign, would strengthen co-operation, he said. “The market will develop more steadily with online trading becoming more popular and more green constructions that are environment-friendly becoming trendy.” The association said there would be a raft of mergers and acquisitions this year, boosting construction activities in the city. Foreign direct investment would remain the main source of funding for the market, it said. There is no threat of a bubble this year thanks to timely action by the Government, it predicted. Furthermore, developers too have made efforts to tweak their investment so that they develop products that match the actual demand in the market, it said. Buyers are becoming smarter and understand the market clearly, it said. In a report it released two days ago, global property consultant CBRE said, “In 2018 the mid-level segment will continue to account for the biggest proportion… [Read full story]
Being the economic hub of the country, HCM City has kept developing and attracting people from other regions as well as countries. This migration is one of the factors that keep its real estate market buzzing. Viet Nam News reporter Thu Ngan speaks with expatriates and real estate executives to find out how they see the market now.Michael Dang - President of Anpha HoldingsThe real estate market in HCM City is clearly divided into three satellite areas, all connected to the central region. The three are its east, south and west.The east comprises District 2, District 9 and a part…... [read more]
The Vietnam Highway Investment Corporation is now speeding up the last three contract packages for the Ben Luc – Long Thanh Highway so that it can open to traffic in 2020. It will link up with the national highway system and Long Thanh International Airport. Many other projects have been approved, including the Nguyen Van Linh – Nguyen Huu Tho interchange and widening of Nguyen Tat Thanh street in District 4. Construction of the Rach Dia and Long Kieng bridges will be completed early next year. Le Van Luong Road, a key link between HCM City and Long An province,…... [read more]
A corner of Phu My Hung urban area in HCM City (Source: VNA) HCM City(VNA) –Ho Chi Minh City’s real estate market in the 2017-20 period will seemajor changes as supply and demand will gradually adjust, stabilising andstrengthening the market, according to the city’s Real Estate Association.In its latest report on the real estate market in the second half of 2017, theassociation said there would be a switch from high-end projects to mid- andlow-end segments to meet demand from people with lower incomes.The emphasis on the low- to mid-end market segment began early this year, thereport said.Thirty-two new housing projects were approved…... [read more]
A lull in the HCM City real estate market is pushing developers to offer promotions to bring back buyers.(Photo: nguoiduatin.vn)HCM City (VNA) - A lull in the Ho Chi Minh City real estatemarket is pushing developers to offer promotions to bring back buyers.Tuoitre.vn quoted an unnamed developer as saying that in the last two months ithas been difficult to sell apartments. His project in District 6 has 450 unitsbut only 140 have been sold since the beginning of this year.His company had planned to begin a new project in the second quarter of thisyear, but it has been put on…... [read more]
The area has become a veritable construction site with a raft of developments like Sala, The Sun Avenue, Lakeview City and Cantavil An Phu.A report released recently by property consultant CBRE said 41% of apartment developments were in the east. The figures were 34% for the south, 7% for the north and 11% for the west.In terms of districts, 2 and 9 accounted for 11% each, the company said.Their rates of successful transactions were high -- 73% for District 9 and 70% for District 2.A report by Thoi Bao Kinh Te Vietnam (Vietnam Economic Times) newspaper said land prices had…... [read more]
