Chủ đề: property

The supply of industrial real estate rose sharply in the opening quarter of 2022.

Additional investments going to property projects in the northern province as the market focus shifts.

The Asahi Japan Investment and Properties Management Services Joint Stock Company has been appointed to provide operations management services for the Green Bay Premium apartments in Ha Long city, northern Quang Ninh province. This marks an important step in the market expansion of the Japanese management company, which received a Vietnam Top Brand award this year.

Though real estate supply and demand in Ho Chi Minh City and Hanoi have both fallen, prices have nonetheless increased year-on-year. One reason for this is cash flow changing from other sectors, such as stocks, to the real estate sector.

The rapid development of e-commerce has led to greater demand for leasing land, factories, and warehouses. Many foreign investors are therefore spending billions of dollars on investment strategies in Vietnam’s industrial and logistics real estate segment.

Vietnam is among the top 10 fastest-growing luxury real estate markets in the world, with supply increasing 11 per cent each year on average.

Urban resort real estate became more popular in the first seven months of 2021 as other real estate segments lost some of their appeal during the pandemic. Dr. Tran Nguyen Minh Hai, a real estate specialist from the Banking University, pointed out that there are three reasons the sector will still boast potential over the next five years. The pandemic has resulted in rising demand for healthcare resorts, customers have lost interest in traditional forms of tourism during the pandemic, and the recent falls in the stock market have made investors view resort real estate as a safer investment channel.

Apartment prices in Hanoi are predicted to increase in the time to come due to a range of factors, such as land prices remaining high after a bout of “land fever”, land price brackets being increased by 15 per cent, construction materials and construction investment costs both rising by about 50 per cent, and project approval procedures taking longer due to legal obstacles, leading to higher costs and greater opportunity cost. Primary sales prices for apartments over the next two years may increase 4-6 per cent.

The Office of the Government released a conclusion from Deputy Prime Minister Le Van Thanh at a meeting on developing a draft decree regulating sea encroachment. The conclusion emphasized paying due regard to feasibility when determining land use fees, and land rents, while ensuring there is no loss to the State budget and that measures are not contrary to laws and regulations.

The steel price has increased 40 per cent this year compared to 2020, pushing up construction costs by 10 per cent. Many contractors have delayed construction while waiting for prices to fall, to avoid financial damage.

The Dat Xanh Group has been granted ownership of a 10-ha land fund in southern Binh Duong province that is expected to be used for projects that will provide the market with about 8,000 products over the next three years.

In the first 5 months of 2021, the Vietnamese market has witnessed many successes of M&A activities from domestic and foreign businesses, which in turn helped to develop many real estate projects in provinces and cities across the country. Many new projects are expected to be implemented soon in the provinces including Hai Duong, Nam Dinh, Nghe An, Quang Nam, Thua Thien Hue, and Vinh Long.