return icon Vietnamnet.vn

VN real estate investors struggle to find suitable investment channels

Investors are struggling to find real estate products as the supply is decreasing and other investment channels are no longer attractive.

Nguyen Thu Thao in Go Vap district, HCM City, complained that there are not many projects now.

 

{keywords}



Thao said she deposited VND5 billion at banks for the last two months as she still cannot find attractive real estate products. She doesn’t intend to invest in gold and dollars because she believes that real estate is the safest and most profitable investment channel.

“I prefer mid-end apartments. However, I have not found suitable projects since 2019 to invest in,” she complained.

According to Thao, as the supply has become short, realtors have raised the selling prices. In many cases, the selling prices are very high, far beyond the real value of the products.

Commercial assets, hotels, housing projects, and industrial real estate have all been affected. Local newspapers reported that property owners have to reduce rent by 20-40 percent to attract new tenants.

Investors are struggling to find real estate products as the supply is decreasing and other investment channels are no longer attractive.

Trung, an investor in district 12, said as commercial banks have slashed interest rates, he withdrew money from banks to inject into property projects. However, he still cannot find suitable properties.


Trung said that the short supply of apartments, legal problems and Covid-19 have caused problems for resort real estate.

However, they are still spending money on land, the prices of which are staying high. But here are not many products for sale.

According to Nguyen Quang Minh, CEO of Hung Vuong Land, some market segments still can attract investors.

Products with reasonable prices, advantageous positions and clear legal status still have high liquidity.

Minh affirmed that land products priced at VND300-500 million per plot are the most attractive.

“Many people buy these products for accommodation or hoarding, because they fit investors’ pockets,” he explained.

“The epidemic has made the real estate prices go down. This is an opportunity for daring investors or young families that want to buy, ” he said.

Duong Thuy Dung from CBRE Vietnam said the government of Vietnam is taking actions to help remove difficulties for projects.

The HCM City authorities recently announced some projects that meet requirements to sell in 2020.

However, in the medium term, the market is not likely to see as many products on sale, the diversity of housing products, and the same selling prices as seen in the 2017-2018 period.

Thanh Lich 

 

HCM City property developers offer more products

HCM City property developers offer more products

The HCM City real estate market provides more housing projects and subsidises rentals to boost the market amid the COVID-19 pandemic.

Potential of eco property during COVID-19  ​

Potential of eco property during COVID-19 ​

Ecological real estate is considered a safe investment channel amid the pandemic, meeting the demand for green living space and ensuring health safety for dwellers.

MORE NEWS

Ngoc Linh ginseng helps Central Highlands locals out of poverty

Growers in the Central Highlands provinces dreamed of escaping poverty when they planted Ngoc Linh ginseng which has made an economic contribution to improving local farmers’ living conditions.

Soc Trang’s Khmer pagoda features giant Buddha statue

With the long-standing bonds of the Kinh, Khmer, and Hoa ethnic groups, Soc Trang boasts a special cultural identity that makes it an outstanding spiritual destination for tourists and Buddhist followers from far and wide.

Smart-homes getting cheaper in Vietnam

In Vietnam, a smart-home installation package costs VND14-25 million.

Vietnamese nationals account largest proportion of Japan’s foreign worker population

Vietnamese nationals account for 25.4% of the total 1.82 million foreign workers who were working in Japan as of the end of October last year, according to the Japanese Ministry of Health, Labour and Welfare (MHLW).

Mekong Delta develops more OCOP products

The Cuu Long (Mekong) Delta’s 12 provinces and the city of Can Tho are developing more products under the country’s “One Commune-One Product” programme.

Major Vietnamese paintings worth millions of dollars at global auctions

2022 represented a successful year for the Vietnamese painting market as three more pieces were auctioned at more than US$1 million each, bringing the total number of valuable paintings to 19. Let’s take a closer look at some of them.

Vietnamese American singer brings Tet Holiday joy to disadvantaged children

In hope to bring the children who lost their parents because of Covid-19 a warm spring holiday, Vietnamese American singer Ha Phuong spent a day to enjoy Tet with them.

How will the economy fare in 2023?

Vietnam’s economy had a prosperous year in 2022 with GDP growth rate of 8.02 percent, a one-decade high.

Female Vietnamese badminton star Thuy Linh placed 50th in world rankings

Vietnamese badminton star Nguyen Thuy Linh has risen to 50th position in the world’s latest singles women rankings, according to the Badminton World Federation (BWF).

Phin Ho ‘shan tuyet’ tea –specialty of Ha Giang

Apart from stilt houses and seemingly endless terraced paddy fields, “shan tuyet” tea, a famous specialty of Phin Ho village, is one of the special things visitors cannot forget once setting foot in Tay Con Linh Mountain in Ha Giang.

Discovering art of making vegetarian dishes in Tay Ninh

Religions and beliefs have made considerable contributions to the culinary culture of Tay Ninh.

Hoi An, HCM City among world's top 25 trending destinations in 2023: TripAdvisor

Germany’s famous travel site reisereporter.de has run an article highlighting the world’s top 25 trending destinations for 2023, including Vietnam’s Hoi An ancient city and Ho Chi Minh City, recently voted by readers of TripAdvisor.

Make-in-Vietnam sleeping machine developed by professor

FRENZ Brainband helps users have faster, tighter and deeper sleep. It can also be used for relaxing and enhancing concentration when working.

Paris Agreement: Lessons on independence, self-reliance, int’l solidarity

The signing of the Paris Agreement on ending the war and restoring peace in Vietnam on January 27, 1973, was a resounding victory of Vietnam’s revolutionary diplomacy in the Ho Chi Minh era.

PM: Lunar New Year comes with new energy

Prime Minister Pham Minh Chinh chaired a meeting of permanent Cabinet members in Hanoi on January 27, speaking of new energy of the nation following Tet (Lunar New Year), the biggest festival in Vietnam.
back_to_top