REAL ESTATE IN VIỆT NAM ATTRACTIVE TO FDI, FOREIGNERS
As much as US$1.27 billion of FDI was poured into real estate in January, accounting for 53.9 per cent of the total registered capital and doubling the figure recorded in the same period last year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
REVISED RULES SET TO EXPAND OPTIONS FOR OVERSEAS NATIONALS TO OWN PROPERTY
“Overseas Vietnamese will be allowed to invest in building houses and construction projects for sale, lease, or lease purchase, and investing in the technical infrastructure in real estate projects for transfer, lease, and subleasing land use rights that already have technical infrastructure,” said Dinh.
LAND LAW UPDATES OFFER GRAND REAL ESTATE FOUNDATION
At an extraordinary session in Hanoi on January 18, the 16 chapters and 260 articles of the law were given the green light. According to Vu Hong Thanh, Chairman of the National Assembly’s Economic Committee, the law has been prepared thoroughly by authorities at various levels.
SOUTHERN REGION FACES SCARCITY OF NEW SUPPLY OF INDUSTRIAL LAND
According to a report by Cushman & Wakefield released this week, the industrial real estate market in the south, specifically key areas such as HCM City, Bình Dương, Đồng Nai, Long An and Bà Rịa-Vũng Tàu provinces, did not have any launches in the last quarter of 2023.
2024 FORECASTS OPTIMISTIC FOR INDUSTRIAL PROPERTY, HOUSING, M&A
The industrial property segment is likely to lead the real estate market in terms of growth while the housing segment is expected to become more active, according to experts. Despite a gloomy year for the market in 2023, the industrial property segment stood out as a bright spot with increased demand and rentals.
LAND USE QUOTA ADJUSTMENT CREATES CONDITIONS FOR LOCALITIES’ DEVELOPMENT: DEPUTY PM
Adjustment of land use targets did not take away land or other resources of localities, but only created conditions for further development, said deputy Prime Minister Trần Hồng Hà. The Deputy Prime Minister yesterday chaired a meeting on plans to adjust land use targets as per Prime Minister’s Decision 326/QĐ-TTg, dated March 9, 2022.
REAL ESTATE RANKS HIGH IN 2023 FOREIGN INVESTMENT INTEREST
Malaysian property company United Overseas Australia (UOA) in December was one of the latest major names to announce a joint venture agreement with CapitaLand Vietnam Holdings to develop a $247 million property project in Vietnam.
JAPANESE INVESTORS CATCH THE EYE IN REAL ESTATE SECTOR
Many domestic real estate developers are expecting to cooperate with Japanese investors as strategic partners to receive capital and share the management capacity. In mid-December, CEO Group, GP Invest, and Sovico Group participated in a business matching event with a delegation of Japanese companies to discuss collaboration opportunities.
