REAL ESTATE LOANS REMAIN HIGH IN SOME BANKS
Real estate lending continued to remain high at more than 10 per cent of the total outstanding loans in several banks. Online news portal Bizlive.vn reported that the top five banks recording a high proportion of real estate lending by the end of last year were Sacombank, 17.6 per cent; Techcombank, 12.6 per cent; LienVietPostBank, 11.6 per cent; Kienlongbank, 10.1 per cent and VPBank, 8.5 per cent.
REAL ESTATE MARKET DEVELOPMENT DRIVEN BY REPUTATION
Top names among the Top 10 Reputable Property Developers recently announced by Vietnam Report include Vingroup and Novaland. Over the past few years, Vingroup has become a leading real estate developer with a wide range of products ranging from home, office, condominium to shophouse, condotel, and office. Meanwhile, Novaland has been standing firm in the south market with financial strength and large land fund.
TOP FIVE FOREIGN INVESTORS IN VIETNAM’S REAL ESTATE ANNOUNCED
Singapore, the Republic of Korea, Malaysia, Japan and Hong Kong (China) are the largest foreign real estate investors in Vietnam, according to a survey recently published by CBRE Vietnam.
LAND LOT PRICES SPIKE IN HO CHI MINH CITY
A spike in price for land lots in Ho Chi Minh City’s suburban districts has been occurring since the end of 2017 due to high demand. A representative of a real estate exchange company in District 9 said the price of land lots had been rising steadily by 10 to 15 per cent since Tet (Lunar New Year), while some plots in the outskirts of Ho Chi Minh City had increased by 30 per cent.
PROPERTY MARKET EXPECTED TO BE STABLE IN 2018
The country’s real estate market in 2018 will maintain mid-term stability, while merger and acquisition in the sector will continue to see strong development. This was revealed in the Top 10 Reputable Property Developers, Building Material Companies and Contractors 2018, which was announced by Việt Nam Report and online newspaper VietnamNet on Tuesday.
PROPERTY SALES IN INDUSTRY 4.0 ERA
Applying advanced technology is not only helping real estate buyers and sellers to manage information and transactions in an easy and efficient manner, but also enhancing the sellers’ ability to connect and advertise their products. However, this is just the beginning of a long journey.
SOCIAL HOUSING PROJECTS HALTED BY CAPITAL SHORTAGE
In April 2017, the National Assembly Standing Committee granted the Việt Nam Bank for Social Policies (VBSP) VNĐ2 trillion ($88 million) to implement the housing assistance programme for those who have contributed to the revolutionary cause. However, both homeseekers and enterprises were unable to access the preferential loans.
OFFICE-FOR-LEASE MARKET READY TO TAKE OFF
2017 has witnessed the rise of the office-for-lease segment in Hanoi and Ho Chi Minh City. It is believed that 2018 will act as a leverage for a boom in this segment in the following years.
