REAL ESTATE MARKET EXPECTED TO RECOVER IN Q2 NEXT YEAR
Apartment prices have stabilized, and demand has cooled. However, apartments remain the most liquid assets among real estate products, with stronger interest in Hanoi and HCMC, the Vietnam News Agency reported, citing Nguyen Quoc Anh, deputy general director of the local realty website batdongsan.com.vn.
APARTMENT RENTAL PRICES ON THE RISE IN COUNTRY’S LARGEST CITY
According to a report by JLL, rental prices for apartments in the city increased by 1.6 per cent quarterly and 5.9 per cent annually in the first three months, averaging 10 USD per square metre per month, particularly in new high-quality developments.
MEETING DISCUSSES NEW REGULATIONS FOR REAL ESTATE BUSINESSES
According to the Ministry of Natural Resources and Environment (MoNRE), new provisions will allow investors to implement construction works to prevent land erosion within their projects. The land created or reclaimed by such construction works would be given to the investors' use for a fee, without the need to go through auctions.
FOREIGN DEVELOPERS ACCOUNT FOR THREE-QUARTERS OF VIETNAM'S WAREHOUSING
Foreign developers dominate the modern warehouse market in Vietnam, accounting for over 75 per cent of the market share by net leasable area (NLA) in 2023. According to an industry report by FiinGroup, warehousing remains one of the most promising logistics segments in Vietnam, attracting investments from both local and foreign investors.
EXPANSIVE OPPORTUNITIES FOR INDUSTRIAL REAL ESTATE DEVELOPMENT
Vietnam’s industrial real estate sector is experiencing strong expansion, driven by favorable elements such as macroeconomic stability, industrial advancement and enhancements in transportation infrastructure.improvement.
GAW NP INDUSTRIAL INAUGURATES NEW INDUSTRIAL CENTRE IN HA NAM
A grand ceremony was held on May 15 to celebrate the successful completion of GNP Dong Van III Industrial Centre in Ha Nam province, 60km from Hanoi.
This occasion was marked by the signing of an MoU between Gaw NP Industrial and Dohi Kenma Corporation, a supplier of swing bearings from Japan.
FDI FLOWS STRONGLY INTO MANUFACTURING, REAL ESTATE
According to the General Statistics Office (GSO), the total FDI disbursed in Vietnam in the first four months of this year reached an estimated 6.28 billion USD, up 7.4 per cent year on year, the highest four-month amount in the past five years.
BUSINESS CONCERNS APPARENT ON LAND LAW
At a meeting in mid-April, Deputy Prime Minister Tran Hong Ha asked the Ministry of Natural Resources and Environment to continue clarifying issues with different opinions on the scope, subjects, and implementation policies of the law, while speeding up the online processing of administrative procedures related to land.
