Real estate retains second position in FDI attraction
Real estate remained the second biggest magnet for FDI in 2019, following processing – manufacturing, as it attracted $3.88 billion FDI, equivalent to 10.2 percent of the total registered.
About 3.88 billion USD of FDI was poured into the real estate market in 2019 (Photo: VNA)
The Ministry of Constructionsai d the realestate market last year developed rather stably, in terms of supply, number oftransactions, prices, outstanding credit and foreign investment.
The ministry predicted that “bubbles” in themarket are unlikely in 2020.
However, it also forecast possible land pricehikes in the areas designated to become special zones or new residential areaswith synchronous infrastructure, as well as in the housing projects that arelocated in downtown areas, developed by prestigious investors, and have fastconstruction progress and good infrastructure.
This is also the rule of the market, theministry noted.
Meanwhile, the market may witness decline incertain segments due to supply-demand imbalance or difficulties in someproperty projects, especially in the two largest metropolises of Hanoi and HoChi Minh City./.VNA