Vietnam's favorable factors hold promise for real estate growth
According to Savills, foreign investors are increasing their interest in retail and hotels and traditional segments such as residential and offices.
According to Savills, foreign investors are increasing their interest in retail and hotels and traditional segments such as residential and offices.
The price of apartments in Hanoi has been on an upward trajectory, setting new price benchmarks.
In 2024, the housing market shows more positive signs than in 2023, but there will be differences in the timing of the recovery across segments.
Hanoi is expected to require capital of VND12.5 trillion (US$508 million) to develop social housing projects by 2025.
In 2024, the Ministry of Construction will closely monitor the implementation of the plan and work with local governments to allocate land for social housing.
The average floor area per person across the city will reach 28.8 square meters by 2024.
It is estimated that one-fifth of all expatriate Vietnamese want to buy homes in the country.
Local consumers are not just looking for places to shop, but also a complete experience, including entertainment and eating out.
The real estate market is expected to gradually stabilize and shift towards positive changes, as 2024 could be the last year in the process of overcoming obstacles.
In 2023, the housing market in Hanoi and Ho Chi Minh City faced numerous challenges.
This revised law will take effect from January 1, 2025.
Local experts predicted the industrial segment would revitalize the real estate market in 2024.
Incentives from both market regulators and developers will be key to driving Vietnam's property sector in 2024.
A major supply-side stimulus and price reduction effort has been undertaken in the housing market.
The Municipal People's Committee encourages enterprises, organizations, and individuals in the capital to actively upgrade their knowledge and skills in responding to fire, explosion, and accident situations.
The move aims to respond to the Official Telegram 965/CD-TTg released by the Prime Minister on October 13.
Hanoi's increased housing supply in the third quarter of 2023 compared to the previous quarter did not improve the city's cumulative total supply in the first nine months of the year.