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Update news CBRE Vietnam
The new launch of condominiums in the second quarter of this year (Q2) nearly tripled that of the previous quarter, showing recovery of sales activities,
Despite the epidemic, the Vietnamese retail market in Q1 saw positive signs from e-commerce, online shopping, and delivery services.
The development of e-commerce together with delays to import and export activities due to disrupted logistics services has accelerated demand for ready-built factories and warehouses during the COVID-19 outbreak in Viet Nam.
Experts and businesses in Ho Chi Minh City’s real estate sector have mapped out recovery scenarios after the COVID-19 pandemic passes, with the local property market having experienced a marked slowdown.
Experts believe that the real estate market is unlikely to fall into a crisis and housing prices will remain stable because market demand remained high while supply is limited.
The Hanoi office market fared relatively well in the first quarter this year despite the COVID-19 pandemic, according to CBRE Vietnam.
Last year was another record year for industrial and logistics real estate in Vietnam when foreign direct investment (FDI) into manufacturing remained positive.
Despite restrictions on foreign ownership of housing in Vietnam having been lifted, concerns have been raised about the slow pace of available projects being released and a lack of updates on the number of units sold.
With strong demands for real estate especially in urban areas, Vietnam’s golden demographics and a positive economic outlook will drive the mid-end and affordable housing segment in the country’s residential market beyond 2020 forward.
The supporting industry boosted the development of Việt Nam's industrial real estate market last year, according to CBRE Viet Nam Co, Ltd.
Recent proposals in several cities to increase land prices, together with the current restrictions placed on new projects by local authorities, are expected to cause headaches for real estate developers.
Local demand for real estate products with long-term ownership exceeds supply as most of Vietnamese people prefer this kind of deal, experts said during a recent conference.
From 2019 onwards, tenants in Hanoi’s office market will have even more options to consider, given the increasing volume of office supply to be introduced in both Grade A and B, according to CBRE’s quarterly report released on April 10.
The number of town houses and villas put up for sale in Hanoi in the first quarter rose to 2,600, a record high in three years, property consultancy CBRE Vietnam said on April 10.
VietNamNet Bridge - International experts believe Vietnam and Cambodia are highly desired destination points for real estate investors. There are still many attractive opportunities in emerging markets, despite the economic slowdown worldwide.