vietnam estate market

The Hanoi People's Committee recently issued a written request to tighten the management of the investment, construction and business of condotels, tourist villas and officetels.

The Ministry of Construction has sent a proposal to the government to permit non-national individuals and organisations to purchase holiday property in Vietnam.

It has been a tough year so far for property investors, but one segment is weathering the storm better than most: industrial property.

Analysts from real estate consultant Jones Lang LaSalle have said domestic and foreign investors alike are actively seeking to purchase high-end hotels in downtown areas, mostly due to limited land supply.

 The Ministry of Construction (MoC) is completing a draft resolution to encourage the development of low-cost commercial apartments to submit to the Government in the third quarter of this year.

Investors are looking for industrial and logistics assets through joint ventures with local industrial developers and/or acquisition of land and operating real estate, Jones LaSalle Vietnam Co Ltd said in a statement.

Ho Chi Minh City’s realty sector experienced a hazy first half of the year, with dwindling supply of both high-end and pocket-sized apartments, according to insiders.

Rising house prices have prevented many people from buying their own houses in big cities like Hanoi and HCM City.

The Ministry of Construction has told the local construction departments to force property traders and exchanges to report cash transactions of VND300 million or more. 

Record levels of foreign investment are now being poured into Vietnam's property sector.

Realty credit has soared compared with that of last year. Realty inventories have piled up, signaling rising risks. 

In addition to an attractive salary and welfare benefits, working environment and space play a key role in attracting talent as well as improving work efficiency.

With robust economic growth in Vietnam for the past several years, foreign buyers are diving into the real estate market as is evident by the pent-up demand from those looking to buy.