Real estate

JLL observes that there are hundreds of million dollars waiting to be poured into the market in most segments of real estate.

High-end and luxury apartment projects in Vietnam’s major cities such as Hanoi and Ho Chi Minh City have been indeed attractive to foreigners in recent years.

Hanoi had occupancy of more than 80%, average daily rate (ADR) of US$118, which made the city having one of the highest RevPAR in the region.

The additional supply drives up Hanoi's retail space to roughly 1.2 million square meters in the fourth quarter 2019.

The outlook is decidedly bullish for Vietnam’s residential market in the long term.

The new launch drives up the total supply of Grade B segment to 1.8 million square meters.

It is also unclear as to how the construction of these kind of property was authorized, given the lack of legal framework governing it.

This part reviews outstanding internal and external economic events of Vietnam in the past year.

This is the second consecutive year that Vietnam’s economy expands over 7%, following a 10-year high GDP growth of 7.08% in 2018.

A regulatory framework for condotels must be soon made to end the current chaos which causes huge losses to secondary investors.

Some experts have said that the collapse of Cocobay may lead to a serial fall of other similar developments.

The move is aimed at enhancing safety in the banking system, particularly liquidity.

These awards are a recognition for Madame Nga's efforts and contributions to the sustainable development of Vietnam’s golf industry.

Foreign investors are actively seeking investment opportunities with higher returns in Vietnam via operating hotel assets with in-place cash flow.

Experts have called for loosened legislation to facilitate foreign ownership of property in the country.

The smart urban area is connected with Hanoi’s central parts by Nhat Tan Bridge.

Geopolitical uncertainty, free trade agreements, and rising middle class are considered Vietnam`s advantages.

The most suitable buildings for adaptive reuse are those which are well-positioned, even if the site is not suited to the current use.

Nguyen Hong Son, associate director, head of Advisory Services, Hanoi, FS & Valuation, talks about the outlook of the property valuation industry in Asia and Vietnam.

Quality of assets, rental growth, deal size, and land tenure are decisive for investment choices.