Real estate

In recent months, the market has experienced a significant decline in transactions, as many projects have not been able to proceed due to lack of capital.

Total new supply in Hanoi office market is estimated at 103,600 square meters in 2022.

Rising housing prices in Hanoi were mainly due to scarce supplies and higher prices of construction materials.

The city is facing a shortage of real estate supply, while the implementation of approved projects is stalled due to the tightening of credit policy and procedural difficulties.

Van Thinh Phat is one of Ho Chi Minh City's leading real estate companies, owning several properties in prime locations in the city.

A $5.3 million package for the appraisal and reconstruction of dilapidated apartments is expected to be disbursed soon.

The real estate market is expected to heat up in the remainder of the year, thanks to the bright economic outlook, the Government’s push for major infrastructure projects, and high demands for housing.

Vietnam will not sacrifice social advancement and equality in the pursuit of mere economic growth.

Property developers are urged to strictly comply with current regulations on reserving 25% of their project area for social housing.

The Hanoi Development Investment Fund has signed four MoUs to provide loans worth VND1.4 trillion (US$60 million) to property developers.

The credit quality of real estate firms is at a good level with financial leverage below 1.5x.

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.

The Vietnamese Government has called on the business community to develop social housing projects and make suggestions to remove difficulties and obstacles in the implementation of projects.

Office, industrial, and project development land account for 39%, 35%, and 26% of the total invested capital in Vietnam, respectively, in the first six months of 2022.

Vietnam has emerged as a new epicenter of entertainment projects, attracting many international giants.