real estate market
After more than four months of slowing down due to the COVID-19 pandemic, the property market in the south is regaining strength and there are optimistic signs of a recovery thanks to demand still exceeding supply.
Vietnam’s real estate market has attracted US$2.12 billion in foreign direct investment (FDI) over the past 10 months, ranking third among sectors attracting FDI this year, according to the Ministry of Planning and Investment.
The Ministry of Construction (MOC) is seeking approval from the Prime Minister for a VND65 trillion credit package as a part of socio-economic recovery in the post-Covid period.
Property projects in Quang Ninh, Bac Giang and Thanh Hoa are expected to attract northern investors in the last months of 2021 thanks to the development of infrastructure and IZs.
Real estate businesses in Ho Chi Minh City are gingerly reopening, mostly consulting and carrying out transactions online due to the COVID-19 prevention and control regulations still in force.
After Evergrande’s “debt bomb”, real estate enterprises with a reined-in outstanding loan balance and strong land bank will have a good opportunity to develop and dominate the market.
Realtors with strong financial capability are collecting land for large projects in the future.
Real estate firms are looking forward to a new document to settling legal bottlenecks which have caused the property market to come to a standstill for the last two years.
The reopening of the economy has begun with the principle ‘reopening the doors anywhere it’s safe’.
The State Bank of Vietnam (SBV) has proposed that commercial banks not be allowed to provide preferential loans to low-income people seeking to purchase, lease and lease-purchase social houses.
With a total registered capital of nearly US$1.6 billion during January-August, real estate continued to rank third among 18 sectors attracting foreign direct investment (FDI).
Despite the Covid-19 pandemic, the industrial real estate market is still bustling with many merger and acquisition (M&A) deals and an increase in new industrial land areas.
Ten years ago, wealthy people said ‘no’ to properties located far from the center of cities, but more are now moving from the crowded inner city to the suburbs, where they can enjoy fresh air and less noise.
The long fourth Covid-19 outbreak and social distancing regulations have posed great challenges to the office leasing market.
Despite the pandemic impacting the resort, hotel and rental market, the housing and apartment segment still has projects for sale at record prices.