VietNamNet Bridge - As newcomers in the real estate market, they are known as ‘upstarts’ thanks to their rapid increase in capital and implementation of huge projects. Since late 2013, the real estate market has changed rapidly with a series of new projects in different market segments. Sunshine Group, HD Mon Holdings, Phuc Son and Novaland are called ‘rookies’ in the market compared with well known names such as Sungroup or Vingroup. However, they are powerful. Within a short time, the real estate developers have developed huge projects through merger & acquisitions (M&A) and capital contribution. Sunshine Group was established in April 2016 with modest charter capital of VND300 billion. However, it raised capital to VND3 trillion within a short time. In Hanoi alone, the company has announced the development of three huge projects for high- and mid-end apartments with total investment capital of VND7 trillion. Recently, it announced the … [Read more...] about The nouveau riche in the real estate market
Real estate market 2017
VietNamNet Bridge - Vingroup, Novaland, FLC and SunGroup are expected to continue to lead the property market in 2017. They are all big players in the real estate market, but each of them follows its own way. Vingroup jumps into all market segments Novaland with focus on mid- and high-end apartments Sungroup gathers strength on resorts and cable car projects related news Real estate market growth remains positive Overseas remittances fall, worrying real estate developers M. Ha … [Read more...] about Who will lead the real estate market in 2017?
VietNamNet Bridge - Property projects in the southern and eastern parts of HCMC have attracted buyers from the north thanks to modern infrastructure items. Real estate trading floors report that the number of buyers from the north accounts for a high proportion of total transactions, while the figure is expected to increase further in 2017. A representative of a trading floor on Bui Vien Street in district 7 said buyers from Hanoi make up 30-50 percent of total transactions. Le Hoang Chau, chair of the HCMC Real Estate Association, also commented that the dynamic HCMC real estate market is attractive in Hanoians. “The proportion of buyers from Hanoi is 30 percent on average, while it is much higher in high-end projects located in advantageous positions,” he said. Asked why northern people like properties in the south, Nguyen Tho Tuyen, general director of Cen Group, said the profitability ratio of the Hanoi market is 2-3 percent lower than HCMC. Tuyen noted that … [Read more...] about HCMC real estate market: three out of 10 buyers from Hanoi
VietNamNet Bridge - The real estate market showed clear signs of recovery, which helped boost sales and real estate credit. 1.Foreign direct investment (FDI) continues flowing into the real estate sector. By mid-December, foreign investors committed investment capital of $22.7 billion, including $2.39 billion, or 10.5 percent of total capital, for real estate projects. Real estate ranks second among business fields which receive the most FDI. 2. As the market warms up, more successful transactions have been reported, while the inventory level has fallen. According to the Vietnam Real Estate Association (VnREA), by November 20, 2015, the inventory volume had decreased by VND75.303 trillion compared with the first quarter of 2013, to VND53.245 trillion. At least 8,800 apartments had been left unsold by that time, worth VND13.2 trillion. In HCM City, the inventory volume has decreased by 76.5 percent since 2012. About 24,300 transactions were made in the first 11 months of 2015. The … [Read more...] about Seven outstanding features of the 2015 real estate market
VietNamNet Bridge - Enjoying a boom in 2006-2007, then witnessing a decline in the following years, the resort real estate market has heated up again, especially in Phu Quoc, Nha Trang and Ba Ria – Vung Tau. Investors began heading for the island of Phu Quoc in 2008, but only in 2014 did they kick off many investment projects after the state laid down policies and developed infrastructure items. They have been encouraged by the fact that Phu Quoc will become a special economic zone with preferential policies, and that VND5.8 trillion will be invested to develop the transport system on the island. An international passenger seaport with total investment capital of VND1.6 trillion, which kicked off in April 2015, is expected to become operational in 2017. The national electricity grid has reached out to the island with the underground cable system. According to the Phu Quoc Island Investment and Development Management, by November, Phu Quoc had attracted more than 200 investment … [Read more...] about Resort real estate market heats up again