Real estate

The Capital city targets to construct roughly 11 million square meters of housing area this year, according to the city’s Department of Construction.

Nguyen Hoai An - director of Research Segment of CBRE Vietnam put it during a recent news conference.

Merger and acquisition (M&A) deals in Vietnam’s real estate sector are projected to increase next year thanks to the market’s significant potential, experts said.

Changes in consumer lifestyles and modern technology anticipating the 4.0 industrial revolution are changing the real estate market and creating new trends, experts have said.

With lack of supply and increasing rents in the existing CBD,and the completion of a major infrastructure within ThuThiem, we anticipate large head office requirements willstart to consider Thu Thiem as a viable alternative to theexisting CBD.

The latest statement of Savills Hotels and Next Story Group includes emerging industry trends and the future of the local hospitality industry, discussing market conditions, potential ideas and new development approaches.

The latest Savills’ World Office Yield Spectrum 2H 2017 reported that Vietnam offers the most attractive office yield in the world.

Prime Minister Nguyen Xuan Phuc has told the Australian property group Sakkara that there are huge investment opportunities for the group in Vietnam.

There has been a rise in the number of Vietnamese investors, who have taken part in M&A deals in the real estate sector, for the past few years.

Vietnam, once again since January 2017, proved to be the market that offered to most attractive office yields in the world.

Despite a declining trend in the past months, real estate inventories have remained relatively large at roughly VND26 trillion (US$1.15 billion).

There was no foundation to say that Vietnamese people transferred US$3 billion from Vietnam to the United States for house purchase, Le Minh Hung, Governor of the State Bank of Vietnam, said.

In Q3/2017, Vietnam continued to see strong interest from developers for large scale mixed-use projects with a residential component in major cities.

Vietnam’s real estate market will maintain positive growth rate during 2018 after three years of thriving and stable development, Pham Hong Ha, Minister of Construction, forecast.

The Savills Prime Office Cost (SPOC) Index presents a quarterly snapshot of occupancy costs for prime office space throughout the world, as provided by our expert, local tenant representation professionals.

The apartment prices in Hanoi has recently witnessed a decline due to increasing supply.

Hindrance on granting house ownership certificates to overseas Vietnamese should be removed to encourage the investment into the local real estate market, Ho Chi Minh City People’s Committee said.

The Asian Development Bank’s (ADB) Board of Directors has approved $170 million in loans to help the Government of Viet Nam upgrade urban infrastructure and address climate change, benefiting about 116,000 households in Hue, Vinh Yen, and Ha Giang.

While Ho Chi Minh City does not want to build small apartments, the Ministry of Construction supports the construction of apartments from 25-45 square meters.

The Government should issue regulations to ensure condotels and officetels are not used primarily as apartments because it can cause problems for urban planning and infrastructure and transport, according to the Ho Chi Minh City Real Estate Association.