Successful property transactions accounted for 14 percent of the total existing units in the first quarter of 2020, marking a decrease of 60 percent from the same period last year and also the lowest in the past four years, according to a report.

The ongoing coronavirus pandemic has upended economies worldwide, and Vietnam must take urgent measures to handle this period of instability.

Foreign investors are planning to expand their operations in Vietnam this year, creating an opportunity for industrial property development despite the COVID-19 pandemic, according to experts.

The transaction volume on the domestic real estate market dropped to a four-year low for Q1 due to the impacts of the COVID-19 pandemic, and many real estate trading floors have temporarily closed.

Despite going through a quiet period due to the effects of the coronavirus outbreak, investors and real estate businesses in Danang and the central region are striving to remove difficulties to maintain stable operations and adapt to a new direction.

 Real estate companies will suffer in the short term due to the COVID-19 pandemic, but the overall outlook remains positive, according to a CBRE report.

CBRE Vietnam’s senior director Dung Duong offers her take on the new trends that will shape the local real estate market since the COVID-19 outbreak.

The local retail property market has reached the saturation point years ago and now empty storefronts and shopping centres are putting a dent in forecasts.

A handy infographic of the most important figures from the Vietnamese green building market.

Japanese investors continued to demonstrate their confidence in the Vietnamese real estate market with recent involvement in new large-scale projects.

Several years ago, a large wave of condotels was introduced to the market across Vietnam. 

HCM City plans to draw up specific policies for firms having capital of more than VND100 billion (US$4.3 million) in the first quarter of this year, and has committed to create more favourable conditions for enterprises.

With their massive land funds and ample investment inflows for transport infrastructure development, the suburban cities surrounding Ho Chi Minh City are projected to become the next hotspot for investors and buyers.

The Vietnam Real Estate Association (VNREA) will next month propose solutions to Prime Minister Nguyen Xuan Phuc to remove difficulties in administrative procedures, capital and cut loan interest for real estate businesses.

Six foreign organisations and 35 foreigners were granted red books to purchase a number of apartments in Hanoi.

Vietnam’s real estate market is currently one of the most attractive in Southeast Asia, with many opportunities for domestic real estate developers to find partners and investors in the form of mergers and acquisitions. 

The real estate sector has seen the highest growth in the number of enterprises registering for temporary suspension and dissolution, at 598 enterprises and 686 others, surging 36.8% and 39.4%, respectively, against the 2018 figures.

Many real estate developers in Ho Chi Minh City are facing stagnation in hundreds of projects due to insufficient legal paperwork.

Last year was another record year for industrial and logistics real estate in Vietnam when foreign direct investment (FDI) into manufacturing remained positive.

Investment in real estate sector through capital contribution would avoid risks that might cause to new comers who know little about the market and law.