Business News

Most apartment building projects of developers like Tan Hoang Minh Group, Sunshine Group, Sun Group, and Hateco Group, located in Ba Dinh, Tay Ho, and other districts reported poor take-up rates during the year of the pandemic.

In 2020, the average occupancy rate in industrial zones was up more than 70 per cent year-on-year. The average factory rental price nationwide was VNĐ60-80,000 per sq.m and the purchase price of land in industrial zones with infrastructure ranged from VNĐ3 to 5 million per sq.m, according to Nguyễn Văn Đính, Vice President cum General Secretary of the Việt Nam Real Estate Brokerage Association.

Vietnam is pushing ahead in its mission to become the ideal manufacturing hub for overseas investors by taking advantage of a largely pandemic-free landscape and building on 2020’s successes.

Hanoi’s condominium supply volume and sales are expected to improve in 2021, with between 24,000 and 26,000 units to be put on the market, CBRE Vietnam said at a January 7 event to announced its Q4 2020 quarterly report.

Prime Minister Nguyen Xuan Phuc has approved a proposal from the Ministry of Planning and Investment to add three industrial parks (IPs) in southern Dong Nai province to the national planning for IP development towards 2020.

If 2020 is a sad song for the economy and the whole society in general, real estate is considered to be composed with low notes and high notes.

“Apartments are not as attractive as before and careful consideration must be given to swing trading,” Dao Van Duy, general director of Viet Nam Infrastructure Investment and Development Joint Stock Company told Dau tu Chung Khoan (Securities Investment) newspaper.

The first major signs of a resumption of investment activity have emerged in the real estate market with new brand names entering and others expanding their portfolios in Vietnam.