Real estate

The strategies are those helping investors to maximize their profits.

PropTech uses digital innovation to address the needs of the property industry.

Despite inherent barriers arising from a traditional mindset and the high requirement for trust in the real estate industry, the prospects for proptech in Vietnam are still positive.

Asking rent of both office and retail space keep rising in the second quarter 2019.

Mid-end and low-cost segments took up 98% of Hanoi`s condominium market in Q2.

Only 5,900 units opened for sale in the second quarter this year.

Local experts claimed that well-trained and qualified brokers will help the real estate market transparent.

The market posted net absorption of approximately 67,000 sq.m, a record figure over the past quarters

Grade A office enjoyed the highest upswing with a growth of 4.1% on quarter and 5.7% on year.

Real estate is considered the backbone of Vietnam`s economy in the transition to a major industrial hub.

In Hanoi, the result was one of the most successful quarters in recent years in term of both unit launched and sold, thanks to the contribution of mega projects of Vinhomes.

Most of the capital influx was poured into the industrial property segment through mergers & acquisitions (M&A) deals.

Geographic location and investment incentives also reasons help spur the market along with outside factors.

Geographic location, policies and incentives in drawing foreign capital inflows have formed robust status for Vietnam`s industrial real estate.

Located on the main economic corridor, Haiphong is set to become the main gateway for import and export in Vietnam`s northern region.

Northern region led by Hanoi appears to be one of the most attractive destinations for investors with favorable conditions.

Few new launches in apartment and ready-built landed property segments were largely resulted from deferred licensing procedures.

Hanoi`s real estate market showed good movements in all segments, mostly apartment with record high supply in the last five years.

In 2018, only 23% of luxury homes were sold to locals, outpaced by Chinese, while South Koreans and Hong Kong (China) residents followed closely behind.

More Japanese and South Korean investors are pouring money into the real estate sector regardless of segments.