New international brands diversify Hanoi hotel offerings
Hanoi's hotel market is also experiencing a decline in rental rates amid the seasonal lull in tourism and leisure activities.
Hanoi's hotel market is also experiencing a decline in rental rates amid the seasonal lull in tourism and leisure activities.
Retail leasing markets in Hanoi and Ho Chi Minh City post average growth rates of 15% and 12% per annum, respectively.
Additional space supply from central business district (CBD) makes Hanoi`s retail market more diversified and much in demand.
Vietnam is well on the way to become Asia’s next tiger with strong economic growth, a rapidly growing middle class and relatively affordable pricing.
Foreign direct investment (FDI) largely resulted in a number of merger and acquisition (M&A) deals in the real estate sector during 2018.
Hanoi tops the world`s cities for the yield in office segment which hits 8.57% in the second half 2018.
Vietnam is boosting its presence in the EB-5 program to become “the most active participant”, according to the Wall Street Journal.
International hotel groups have brought to Vietnam branded residence, an emerging model of luxury lifestyle products recently.
The movement will firstly leave influences on the hospitality segment and other services.
In a world where home prices are looking precarious from London to Hong Kong, Sydney and New York, it makes Vietnam an attractive location.
Investors anticipate lowering investment risks as they view the overall location as very stable
Land in the city’s suburbs and surrounding provinces like Long An, Dong Nai, Ba Ria-Vung Tau, and Binh Duong are abundant and rather cheap, offering investors various options.
Being optimistic about Hanoi`s economic growth, experts have predicted that demand for land will be a sought-after product by investment-savvy individuals.
Vietnam`s real estate sector remains a promising land for investors as Hanoi and Ho Chi Minh City are undergoing rapid transformations, continuing to catch regional peers.
The government is able to fund roughly 30% of total capital required for low-cost housing projects amid growing demand for this segment.
Over the year, increasing supply led to positive performance with Grade A rental hitting maximum US$75/sq.m/month.
The rising supply was driven by growing demand for offices from multinational companies.
Hanoi is pulling in expanding levels of investment from large multinational technology firms.
Geographic advantages are among factors proving that Vietnam is one of the world’s promising lands for global investors.
Increasing foreign capital inflows into the market are thanks to more tolerance in housing ownership, significant investment in smart cities, and geographic advantages.
The strong demand was supported by the relocation and expansion of office space among big companies, mainly multinational corporations.