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Update news real estate
Concerns are being raised about the proposal to increase taxation imposed on real estate transactions and leasing and whether it could be an effective tool to prevent real estate speculation.
This year could see abundant cash flow in real estate, particularly from foreign funders, professional investment funds, and individual investors.
A suitable auction form for each type of property and more stringent sanctions are needed to prevent auction winners from walking away without buying as happened recently in the Thu Thiem New Urban Area, experts said.
A recent report by Batdongsan.com.vn shows that Vietnam has the highest percentage of people planning to buy a house in Southeast Asia.
More M&A transactions are imminent in the property market and real estate prices are likely to escalate this year, industry insiders said.
A number of problems and violations in social housing use and management in Hanoi, HCM City, Da Nang, Khanh Hoa, Binh Dinh, Phu Yen and Dak Lak have been found recently.
With an average gross domestic product (GDP) growth rate of 6-7%, Vietnam is being evaluated as an ideal destination for investment, compared to other countries in the region, particularly in the field of the real estate market.
After continuously rising and hitting new price levels since the beginning of the year, real estate stocks once again have emerged as the market’s leader in recent sessions.
Vietnam should complete a sturdy legal framework in order to allow non-nationals to buy tourist property in the country, according to international experts.
Many real estate brokers lack professional knowledge and ethics and do ‘hit and run’ business, causing losses to customers by giving wrong advice or even cornering the market and causing artificial land fever.
Residential real estate in Vietnam is still one of the fastest-growing markets in Southeast Asia despite the fact that the COVID-19 pandemic has halted many economic activities, according to experts from property consultant Savills Vietnam.
The office market in Hanoi is experiencing many changes amid the COVID-19 pandemic in terms of rental prices, occupational profile and new demands for office spaces, according to Savills Vietnam.
As deposit interest rates fall, cash flow has changed its direction with more people injecting money into real estate as a long-term shelter.
The banking industry sharply reduced outstanding loans for real estate business in the first half of 2021 and will continue such limits in the second half.
Demand for e-commerce and pharmaceuticals ensure that the industrial and logistics real estate segments remain the most resilient asset class in 2021, experts have said.
Soft ground levels, complex underground pipework, frequent flooding, and lack of incentives are all hindering investors from jumping into underground real estate development and construction in HCM City, despite promising prospects in some areas.
High-end apartment prices continued increasing in the second quarter, according to the Ministry of Construction (MOC). Some projects are being offered at high prices of VND650-800 million per square meter.
As of May, 287 projects had been allocated land, but implementation has been slow and and violations of the Land Law have occurred.
Investments in logistics and industrial real estate in the Asia Pacific will double in the next three to five years as investors look to increase exposure to the asset class, Jones Lang LaSalle has forecast in a recent report.
Vietnam's real estate prices have increased rapidly in the past two years despite the difficulties caused by the COVID-19 pandemic, which reduced the incomes of the majority of the population, experts have said.