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Update news real estate market
The total value of M&A deals made in 2017 was 8.4 billion, according to IMMA (Institute of Mergers, Acquisitions, and Alliances). The sharp 45 percent increase in M&A value in comparison with 2016 shows strong interest from investors.
VietNamNet Bridge - Asian real estate developers have increased their presence in Vietnam, while European and American investors have remained indifferent to the market.
Real estate ranked third among business fields which received the most FDI (foreign direct investment) capital in 2017, with $3.05 billion committed, accounting for 8.5 percent of total registered FDI capital.
VietNamNet Bridge - Forecasts about the real estate market in 2018 are all inclined towards optimism.
VietNamNet Bridge - The strong capital flow from Asian investors has helped warm up the real estate market and revive projects which have been left idle for many years.
VietNamNet Bridge - Truong Trong Nghia, a NA Deputy, at the working session with the HCMC People’s Committee, warned that the two banks of Sai Gon River are being ‘privatized’.
VietNamNet Bridge - The M&A deals made in 2017 are expected to have the value of $2 billion, and the same value or higher has been predicted for 2018.
VietNamNet Bridge - While investors remain optimistic about condotels, seeing promising profits, experts are concerned about the rapid development of the real estate product.
VietNamNet Bridge - One of the six large-scale FDI (foreign direct investment) projects registered in the first 10 months of the year is the smart complex in Thu Thiem Urban Area in district 2, HCM City with investment capital of $885.85 million.
VietNamNet Bridge - Foreign investors were once the buyers in M&A deals five years ago, but in many deals made recently, the buyers have been Vietnamese.
VietNamNet Bridge - A number of real estate projects in the central city of Da Nang, pending for many years, have been reactivated by new owners.
VietNamNet Bridge - Many Vietnamese real estate developers are hiring foreign managers who have connections to potential customers.
VietNamNet Bridge - A house with a floor area of 100 square meters on Dong Khoi street in District 1 of HCMC has a market price of VND1 billion per square meter.
VietNamNet Bridge - Property investors in Vietnam have been scaling up their business, while more and more new investors have concluded M&A deals in the real estate sector.
VietNamNet Bridge - Real estate ranked fourth among the most attractive business fields for foreign investors, with registered FDI capital of $1.15 billion in the first half of the year.
On August 2, the Government Standing Committee met to discuss the proposed law on special administrative-economic units and changes in the land law concerning foreign ownership of property.
VietNamNet Bridge - Quang Ninh province still has no large-scale resorts, even though Ha Long Bay in the province is a popular tourism destination.
HoREA has sent a dispatch to central agencies, proposing to amend articles of the 2013 Land Law. It believes that foreigners buying houses in Vietnam need to be recognized as land users (for no more than 50 years).
VietNamNet Bridge - Wealthy Vietnamese are rushing to buy properties overseas for many purposes – for eventual settlement, overseas study and investment.
Dubai-based billionaires are well-known for their billion-dollar investments in luxury real estate projects in Dubai, but many of them have not been successful in the Vietnamese property market.