REAL ESTATE REPORTS HIGHEST NUMBER OF SUSPENDED FIRMS
The real estate sector saw the highest growth in the number of enterprises registering for a temporary suspension between January and August at 923 firms, skyrocketing by 136% year-on-year, due to the impact of the coronavirus pandemic.
DUNG QUAT EZ AND QUANG NGAI IPS: MANY OPPORTUNITIES TO ATTRACT INVESTMENT FROM EU
Endowed with diverse advantages coupled with an open investment environment, enabling policies, and friendly and open-minded authorities, Quang Ngai province has become an attractive destination for domestic and foreign businesses and investors. Dung Quat Economic Zone and industrial parks in the province play a vital role in promoting socioeconomic development and attracting investment into Quang Ngai province as well as the central key economic region.
REAL ESTATE BOOMS IN HCM CITY’S EAST AS INNOVATION CITY TAKES SHAPE
The prices of some existing apartments on Đồng Văn Cống Street and Hà Nội Highway in District 2 have increased by nearly VNĐ300-400 million (US$12,944-17,259) each since early 2020.
PROPERTY PRICES TO BOTTOM BY MID-2021
“Housing prices will begin to plummet by the end of this year and bottom out by mid-2021 when the [COVID-19] pandemic has impacted almost every sector, especially the housing market,” Tran Khanh Quang, general director of Viet An Hoa Company, said.
FOREIGNERS PURCHASED ABOUT 16,000 REAL ESTATES IN VIETNAM
Foreigners have bought some 16,000 housing properties across the country since they were allowed to do so in 2015, according to the Ho Chi Minh City Real Estate Association (HoREA).
CONDOTEL MARKET FACES GLOOMY PROSPECTS
Statistics from the HCM City Real Estate Association (HoREA) showed the country now has some 82,900 condotels with a total investment of VND100 trillion (US$4.3 billion), mostly located in localities with strong tourism markets like Ha Noi, HCM City, Da Nang, Thanh Hoa, Binh Dinh, Khanh Hoa, Binh Thuan and Ba Ria - Vung Tau.
INCREASINGLY ATTRACTIVE INVESTMENT DESTINATION
With the effort to promote the image of an attractive, open investment environment, Vinh Phuc Industrial Parks (IPs) have become a destination chosen by many domestic and foreign businesses for the post- Covid-19 pandemic period.
NEW POLICIES EXPECTED TO BOOST REAL ESTATE MARKET
The policy innovations of the Government to remove difficulties for the economy are expected to open up opportunities and incentives for businesses operating in many different fields, including real estate. These are important support policies coming just in time to create a big push for the real estate market and other related businesses to recover after the COVID-19 pandemic.
