Real estate

The city would continue to explore opportunities to build new social housing projects to meet growing public demand.

The supply of budget apartments in Hanoi stood at the lowest level in the past five years.

In the next ten years, Hanoi would allocate 1,868 hectares for housing development, partly accommodating laborers in industrial parks.

The Government’s focus on infrastructure development and the involvement of major property developers from the South would make the market more attractive.

The Vietnamese coworking market is growing exponentially as more and more people become aware of the benefits this niche brings from a business and productivity point of view.

Demands from financial, real estate, information communications technology, distribution, and manufacturing tenants have increased since 2021.

Suburban real estate segment has become the choice of many investors over the past time.

The capital city might face challenges in solving numerous issues related to the transport infrastructure, urban public works, and school system.

Total outstanding loans from banks in the real estate market were estimated at over VND2,280 trillion (US$98.32 billion), up 10.19% against late 2021.

The number of people, who want to rent a room in apartment buildings, has increased in recent months.

Industrial and leisure properties are expected to keep drawing investors this year.

Efforts to prevent property prices from rising have been left unfinished due to the low supplies of social housing and many projects remaining frozen on legal issues and complicated administrative procedures.

Real estate is the second largest foreign direct investment (FDI) recipient in Vietnam for the past 10 years.

Foreign investment inflows into real estate have accounted for one-third of Vietnam’s total FDI so far this year.

Not only there is an imbalance in the structure of property supplies in the market, but the number of new projects has also been on the decline in the past three years.