According to survey data from CBRE, the year 2017 witnesses numerous remarkable milestones with the highest GDP since 2008. Positive macro factors have a positive impact on the real estate market. Remarkably, only in Quarter 4, 2017, there are nearly 9,500 new apartments, raising the total apartments for sale in the year to over 35,000, increasing by 16% over the same period last year. Number of apartments for sale in Hanoi reached a record over the past 5 years. Amount of apartments for sale in Hanoi during 2017 reachs over 35,000 It is worth noting that with the improvement of infrastructure and the expansion to urban area, there are two new projects launched in Dong Anh district. The middle-class segment continues to dominate the market with a total of 80% of new apartments during the year. As the new supply is still plentiful and the market trend to middle-class segment, the primary price level has not increased. By 2017, the average primary market price is $ 1,344 / m2, reducing by 2.4% Offers were also good with more than 23,000 successful deals in 2017, increasing by 12% compared to the same period last year. Representatives of CBRE forecast that in the coming years, positive macroeconomic fundamentals will continue to motivate the housing market in general and the apartment market in particular. With the development of market, investors must professionalize the sales staff and improve marketing activities to compete. “The year 2018 is expected to witness a clear division between…
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The benchmark VN Index on December 28 rose 0.85 per cent to hit its new 10-year high of 976.72 points (Photo: VNA) Hanoi (VNA) - Vietnam’sbenchmark VN Index rose to a 10-year high on December 28, boosted by financialstocks that are expected to deliver positive earnings reports for the pastquarter and the whole year.The benchmark index on the HCM StockExchange added 0.85 percent to close at 976.72 points – its highest level sinceJanuary 2008.The benchmark index has also totalled afive-straight-day growth of 3.24 percent.On the Hanoi Stock Exchange, the HNX Indexadvanced 0.72 percent to end at 116.41 points. The…... [read more]
HÀ NỘI — Shares soared on both local markets on Thursday with the VN Index hitting a fresh 10-year high as investor confidence improved, pouring strong investment into all sectors and stocks. The benchmark VN-Index on the HCM Stock Exchange (HOSE) rose 1.16 per cent to close at 892.80 points, extending its rally for a tenth session with total growth of more than 7.1 per cent and touching a fresh 10-year high. The HNX Index on the Hà Nội Stock Exchange (HNX) increased by 0.75 per cent to end at 108.29 points. The northern market index has advanced total 3.3…... [read more]
The session took place on the occasion of the 73rd founding anniversary of Vietnam People’s Army and the 28th anniversary of All People’s Defence Festival Day (December 22). The NA leader lauded the Hanoi Capital High Command for contributing to common achievements of the Vietnam People’s Army, including ensuring absolute safety of the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week this year.She asked for continuing to fully grasp the Party policies and State laws on national defence-security, especially the Resolution on national defence-security tasks adopted by the 12th National Party Congress, the Politburo (10th tenure)’s Resolution on continuing to build centrally-run cities…... [read more]
VN-Index hits 10-year highPhuong Thao HCMC – The VN-Index rose to a 10-year high in the fifth straight winning session on December 28, jumping 8.26 points, or 0.85%, from the day earlier at 976.72. Market breadth was positive as gainers outnumbered losers by 158 to 120. However, turnover on the HCMC bourse fell strongly with 160.2 million shares worth VND4.4 trillion changing hands at the end of the day, down 32% and 24% respectively. The VN30 basket saw up to 24 stocks rising while four others closed down, lifting the VN30 Index by 8.89 points, or 0.93%, at 966.91. Bank…... [read more]
Ocean Apartments await Hanoi buyers this weekHoang Khang HCMC - VinaLiving, the developer of The Ocean Villas and Danang Beach Resort, will launch The Ocean Apartments at a special preview in Hanoi on April 24 with an aim to attract buyers from the capital city. The launch will be organized by the developer in cooperation with Savills Vietnam at the Sofitel Legend Metropole Hanoi with special offers available for buyers. Located mid-way between Danang and the ancient town of Hoi An, The Ocean Apartments pampers its residents with private luxuries including its own recreational zone which boasts a swimming pool…... [read more]
A block of the Phu My Hung Villas. Viet Nam's property market is expected to rise in both supply and demand in the second half of this year. — VNS Photo Viet Thanh HA NOI (VNS) — The domestic real estate market will continue positive development in apartment sales during the second half of this year. The segment had recorded an upward trend during the first quarter, said experts. Continuing its recovery since the end of 2014, the local real estate market will see positive development and is expected to mark an increase in supply and demand in the second…... [read more]
The third-quarter report by CB Richard Ellis Việt Nam Ltd Co (CBRE Việt Nam) says more than 6,800 new units were launched from 16 projects, a quarter-on-quarter increase of 14 per cent, but a decrease of 38 per cent year-on-year. Mid-range products still dominated the new launches, although new supply from high-end and luxury apartments also increased significantly, the report said. In particular, around 3,000 apartments from these segments were launched this quarter, accounting for 45 per cent of total new launches. Overall, the third quarter experienced a positive market sentiment, as sales caught up fast with new launches. A…... [read more]
NDO/VNA - Vietnamese shares ended on a positive note on December 29 as large-cap stocks remained positive and banks continued to draw investors’ attention for full-year earnings prospects. The benchmark VN Index on the Ho Chi Minh Stock Exchange gained 0.77% to end 2017 at its fresh 10-year high of 984.24 points. Vietnam’s key stock index has increased by 48% since the beginning of the year and it has rallied a total of 4% after the last six sessions. On the Hanoi Stock Exchange, the HNX Index edged upby 0.39% to close at 116.86 points. The northern market index has…... [read more]
The benchmark VN Index on the Ho Chi Minh Stock Exchange gained 0.77% to end 2017 at its fresh 10-year high of 984.24 points. Vietnam’s key stock index has increased by 48% since the beginning of the year and it has rallied a total of 4% after the last six sessions. On the Hanoi Stock Exchange, the HNX Index edged upby 0.39% to close at 116.86 points. The northern market index has risen to an estimated 46% since the end of 2016 and it has notched a five-straight-day growth of 3.4%. Market trading condition was quite good in the last…... [read more]
An average-income earner has to save money for more than 50 years to be financially capable of buying an average-class apartment, a recent market study by CB Richard Ellis has found. The market research, jointly conducted by CBRE and market researching firms TNS and Nielson, was aimed at figuring out how many years households in Hanoi and Ho Chi Minh City have to save up money in order to be able to afford an apartment. The research was conducted under the assumption that households will annually set aside 19 percent of their full-year total income for a house purchase.…... [read more]
