Vietnam has attracted greater FDI inflows into manufacturing, leading to the burgeoning demand for workshops and industrial land, which may further push up IP rents More than half a year has passed since a food processing company began to look for a plot of land in Binh Duong and Dong Nai to develop a factory so as to move its production facilities away from HCMC. However, it has not found a suitable location while industrial land prices in these two provinces keeps going up, says the company’s boss. Two years ago, Long An was the locality chosen by this company for their relocation plan because this province borders HCMC. Unfortunately, the land rates for industrial facilities in Long An increased earlier than other localities did because of its convenient location, which helps shorten the time of transporting goods to HCMC and the Mekong Delta—the market the food processing company is targeting. “Industrial land rents in these localities averaging … [Read more...] about Rising land rents make manufacturers’ life miserable
Ontario rent increase 2018
FDI boosts Vietnam’s industrial real estate in 2018
The Hanoitimes - Foreign direct investment (FDI) largely resulted in a number of merger and acquisition (M&A) deals in the real estate sector during 2018. Hanoi offers highest office yield globally Foreign direct investment (FDI) was the key to Vietnam’s economic development in 2018, giving a boost to industrial real estate, Savills Vietnam said in a recent report. FDI flows to Vietnam in 2018 (US$). With more than 50% of newly-registered FDI coming from the processing and manufacturing sector, the overseas capital inflows have fueled one of the world’s fastest growing economies with GDP growth of 7.08% in 2018. As a result, a number of merger and acquisition (M&A) deals in the real estate sector were inked during the year, mostly in the fourth (Q4) quarter, according to Savills Vietnam. In November, Mapletree Logistics Trust announced their acquisition of a Unilever warehouse in Vietnam-Singapore Park I in the southern … [Read more...] about FDI boosts Vietnam’s industrial real estate in 2018
Real estate in 2018 showing firm progress
Varying markets across Vietnamese real estate saw a hive of activity last year, which bodes well for 2019, Photo: Le Toan According to the Ministry of Construction, last year was a good one, with an on-year growth rate of 9.16 per cent in construction and 4 per cent in the property sector. More than 58 million square metres of housing were put into use, increasing the national average housing area of 24sq.m per person, compared to 23.4sq.m per person in 2017. Residential, retail, and offices for lease were some of the outstanding segments of the real estate market in 2018. According to CBRE Vietnam, more than 60,700 units were launched in Hanoi and Ho Chi Minh City market during the last year. In Ho Chi Minh City, infrastructure improvements, including the construction of Metro Line No.1 and the opening of the Ho Chi Minh City-Long Thanh-Dau Giay Expressway, have significantly changed the development landscape in the city’s eastern area over the last six years. Given the lack … [Read more...] about Real estate in 2018 showing firm progress
Hanoi real estate market ends up 2018 with bright picture
The Hanoitimes - Hanoi`s property market was bolstered by high economic growth and fresh FDI inflows, mostly from Japan. Hanoi’s real estate market lures foreign capital Foreign investment in Vietnam’s real estate rising: CBRE Foreign investment fuels industrial real estate in Vietnam Hanoi’s real estate market performed well in the last three months of 2018 with significant growth in all segments including retail space, offices, apartments, and villas, according to a report by Savills Vietnam. Part of Hanoi. Photo: Asiantoday The good growth of the property market was thanked to the country’s GDP growth rate of 7.1% in 2018, bolstered by robust manufacturing and exports and the strong expansion of the service sector, said the report. The national retail sales of goods increased 12% on year to US$145 billion in 2018. Notably, registered foreign direct investment (FDI) to Hanoi was US$7.5 billion with 29% from Japanese … [Read more...] about Hanoi real estate market ends up 2018 with bright picture
Hanoi real estate market ends up 2018 brightening picture of good performances
The Hanoitimes - Hanoi`s property market was bolstered by high economic growth and fresh FDI inflows, mostly from Japan. Foreign investment fuels industrial real estate in Vietnam Foreign investment in Vietnam’s real estate rising: CBRE Hanoi’s real estate market lures foreign capital Hanoi’s real estate market performed well in the last three months of 2018 with significant growth in all segments including retail space, offices, apartments, and villas, according to a report by Savills Vietnam. Part of Hanoi. Photo: Asiantoday The good growth of the property market was thanked to the country’s GDP growth rate of 7.1% in 2018, bolstered by robust manufacturing and exports and the strong expansion of the service sector, said the report. The national retail sales of goods increased 12% on year to US$145 billion in 2018. Notably, registered foreign direct investment (FDI) to Hanoi was US$7.5 billion with 29% from Japanese … [Read more...] about Hanoi real estate market ends up 2018 brightening picture of good performances