The positive development of the Vietnamese economy was the continued growth of the domestic property market in the first three months of this year, according to experts.
The General Statistics Office said that property trading in the reviewed time reached a rise of 3.43% year-on-year, the highest recorded growth rate since 2012.
The Ministry of Construction said in March, property market in Hanoi witnessed 1,200 successful transactions, and HCM City had 1,150.
According to reports on the property market in Hanoi and HCM City of JLL Vietnam, during the period, foreign direct investment (FDI) disbursement as well as newly registered capital increased on a year-on-year basis.
This confirmed that Vietnam continues to be an attractive investment destination for foreign investors. Real estate ranked second in attracting FDI in the quarter, as newly registered capital reached nearly 240 million USD from a total of 11 projects.
JLL Vietnam reported the residential market of both HCM City and Hanoi continued to achieve positive results. Total new supply in both cities reached nearly 20,000 newly launched units. The total number of units sold was recorded at 18,000 units, an impressive figure compared to that of recent years.
Savills Vietnam also believed that the domestic property market developed stably in the first quarter of this year.
According to its reports on real estate markets, in Hanoi there were more than 5,600 units sold, a decrease of 13% quarter-on-quarter, but unchanged year-on-year.
CBRE Vietnam Ltd Company said in its quarterly reports that in the Hanoi property market, high-end and mid-end segments accounted for mainly the sales with market shares of 48% and 36% respectively. Low-end segment recorded a dip in sales.
General director of JLL Vietnam Stephen Wyatt said, the Vietnamese property market has seen 25 years of development with various ups and downs. The market is developing and maturing at a faster rate than previously seen.
JLL believe in strong parameters and development of the property market in the future, and 2016, in particular, will remain a year of promising prospects despite global challenges, Stephen Wyatt added.
The General Statistics Office said that property trading in the reviewed time reached a rise of 3.43% year-on-year, the highest recorded growth rate since 2012.
The Ministry of Construction said in March, property market in Hanoi witnessed 1,200 successful transactions, and HCM City had 1,150.
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This confirmed that Vietnam continues to be an attractive investment destination for foreign investors. Real estate ranked second in attracting FDI in the quarter, as newly registered capital reached nearly 240 million USD from a total of 11 projects.
JLL Vietnam reported the residential market of both HCM City and Hanoi continued to achieve positive results. Total new supply in both cities reached nearly 20,000 newly launched units. The total number of units sold was recorded at 18,000 units, an impressive figure compared to that of recent years.
Savills Vietnam also believed that the domestic property market developed stably in the first quarter of this year.
According to its reports on real estate markets, in Hanoi there were more than 5,600 units sold, a decrease of 13% quarter-on-quarter, but unchanged year-on-year.
CBRE Vietnam Ltd Company said in its quarterly reports that in the Hanoi property market, high-end and mid-end segments accounted for mainly the sales with market shares of 48% and 36% respectively. Low-end segment recorded a dip in sales.
General director of JLL Vietnam Stephen Wyatt said, the Vietnamese property market has seen 25 years of development with various ups and downs. The market is developing and maturing at a faster rate than previously seen.
General Director of JLL Vietnam Stephen Wyatt.
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