HO CHI MINH CITY ASKED TO DOUBLE HOUSING OWNERSHIP PERIOD FOR FOREIGNERS
China-based real estate heavyweight E-House Holdings Limited proposed the Ho Chi Minh City People’s Committee to permit foreigners to own homes in the city for up to 100 years from the current 50.
HANOI’S CONDO MARKET ATTRACTS FLOW OF FOREIGN CAPITAL
According to experts, Vietnam’s real estate market will continue to charm foreign investors thanks to high liquidity and alluring profit-making prospects. The latest report by CBRE, a leading real estate advisory firm, showed that a total of 8,800 new condos were put on sale in Hanoi’s realty market over the first quarter this year, 6,600 units of which have already found buyers.
PROPERTY MARKET REMAINS ATTRACTIVE TO INVESTORS
The real estate market continues to be attractive to investors, but the level of competition would be much higher this year and the following years. This was heard at the Vietnamese business forum: voices of property companies in the 2018-19 period held in Ha Noi on Wednesday. The forum was under the award ceremony of c.
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.
