Real estate

Overseas remittances have been an important source of capital for the real estate sector, according to a representative of the State Bank of Vietnam (SBV).

Mergers and acquisitions (M&As) in the real estate are expected to dominate Vietnam’s M&A market this year as both foreign and domestic investors have been showing their keen interest in the sector.

Hanoi real estate market is witnessing a strong shift from the inner city to the outskirts and beyond.

The government has no specific regulations for maintenance and management of the condotel model which has seen a boom over the past several years.

The continued development of officetel and condotel without specific regulations on construction, land, finance and management could put pressure on the technical infrastructure and social infrastructure of Ho Chi Minh City.

Rents of industrial real estate in the city kept going up in Q2 due to the limited availability of land.

Office rents are forecast to continue rising in the two cities given high occupancy and limited supply.

A rising wave of foreign investment in Vietnam, especially in the manufacturing and processing sector, has given great opportunities for real estate firms to develop the industrial property segment.

Indochina Kajima Development Limited (ICC-Kajima), the developer of the Wínk Hotels brand, has acquired a second site in Da Nang city for the construction of its third hotel worth US$40 million under the brand name of Wínk in Vietnam.

CBRE remains upbeat about the outlook of Vietnam`s real estate market given high economic growth and strong FDI in the sector.

A Savills Hotel executive is cautious about the development of condotel in Vietnam.

A good macro-economy has supported positive domestic growth and FDI continues strongly.

Ho Chi Minh City`s real estate industry saw a significant amount of foreign direct investment (FDI) in the first six months of 2018.

Vietnam continues to draw investment interest, and Ho Chi Minh City stands out on investors’ lists, securing top positions for investment and development prospects in Asia Pacific.

Total outstanding loans in real estate and consumer lending saw a sharp increase, making it necessary to limit consumer loans being used for investment in the real estate sector.

Hanoi has handed over investment certificates to 71 projects, with many large-scale real estate projects.

Hanoi will grant 39.8 hectares of land in Nam Tu Liem district in exchange for a road from Le Trong Tan street to belt road 3.

Interest of foreign investors in the country’s real estate is rising significantly with the market seeing more large-sized projects underway in recent months.

In 2018, Vingroup is expected to set its revenue target of VND120 trillion (US$5.25 billion) and after-tax profit of VND8.5 trillion (US$372 million), up 34.3% and 50.3%, respectively year on year.

Nearly 268 million shares of the luxury villa and serviced apartment development changed hands worth over VND30.7 trillion (US$1.35 billion) in the Ho Chi Minh Stock Exchange (HoSE) on May 18.