The HCM City housing market showed signs of unsustainability in 2018 due to an imbalance between supply and demand. — Photo cafeland The HCM City housing market showed signs of unsustainability in 2018 due to an imbalance between supply and demand, a property industry business group said. In a review of the market in 2018 and forecasts for 2019, the HCM City Real Estate Association (HoREA) said there was excess supply in the high-end segment, it said. While low-end condos accounted for only 24.7 per cent of total supply, the high end accounted for 30 per cent. The association’s chairman, Le Hoang Chau, said this made the market top-heavy and unstable, explaining there is equilibrium only when the low-priced segment is the most dominant followed by the mid-priced segment and then the high-end segment. In 2018 there was a shortage of housing for low-income people, he said. But he assured that a bubble was not forming and there has in fact been a slowdown in new projects, … [Read more...] about HCM City real estate market lopsided, unsustainable: HoREA
Real estate market
Growth in automobile sector drives up Vietnam industrial real estate market
The Hanoitimes - A large number of industrial and commercial lease deals related to the automobile sector have been made over the past three years. Foreign investment in Vietnam’s real estate rising: CBRE Tourism growth to propel Vietnam’s vacation property: CBRE Chinese top homebuyers in Ho Chi Minh City in Jan-Sept The growth of automobile sector in Vietnam over the past years has left positive impacts on the industrial real estate market, CBRE Vietnam said in the latest report. Illustrative photo A large number of industrial and commercial lease deals related to the automobile sector have been made over the past three years with anticipated demand for lease extensions in future periods. Accordingly, real estate developers will see investment chances in the increasing demand for production expansion amid the current limited supply. High occupancy and rising rental rates could also be reasons for them to invest. Supported by … [Read more...] about Growth in automobile sector drives up Vietnam industrial real estate market
Conference discusses Vietnam real estate market trend
The Vietnamese real estate market continues to be stable with supply on the rise compared to 2017 (Photo: VNA) Hanoi (VNA) – Economic experts and representatives from a range of firms gathered together at a teleconference on investment trends and opportunities in Vietnam’s real estate market, held in Hanoi on December 11. Participants focused on analysing, predicting, and coming up with solutions to help develop the real estate market in a balanced, stable, and sustainable manner; as well as help investors and the public better understand the upcoming market trends of 2019. Nguyen Manh Ha – Vice Chairman of the Vietnam Real Estate Association (VNREA), the event’s organiser – said that statistics from the association shows that the Vietnamese real estate market continues to be stable with supply on the rise compared to 2017. Beside Hanoi and Ho Chi Minh City, other localities such as Dong Nai, Binh Duong, Bac Ninh, Bac Giang, and Phu Tho have … [Read more...] about Conference discusses Vietnam real estate market trend
Banks tighten lending, but capital flows into real estate market
VietNamNet Bridge - Once banks restrict lending, this will affect the real estate market. However, experts believe that no negative impact on the market will occur. Once banks restrict lending, this will affect the real estate market Trang Bui from Jones Lang LaSalle said that the State Bank of Vietnam has decided to tighten real estate credit. However, the expert believes that the market will be unaffected by the move. Vietnamese developers have good understanding about the domestic market and legal framework, while foreign investors have powerful financial capability and project development experience. “Banks have become more skeptical when considering projects to fund. Only investors with good financial capability and projects with potential can access bank loans,” Trang said. RELATED NEWS VN Central Bank to inspect banks that pour money into real estate Real estate credit under strict control Mai Lan … [Read more...] about Banks tighten lending, but capital flows into real estate market
Global investors eye Vietnam’s real estate market
Global investors eye Vietnam’s real estate market. (Photo: VNA) Hanoi (VNA) – Foreign investors cannot take their eyes off the Vietnamese real estate market, one of the most dynamic emerging markets globally, according to an article by regional managing director, Southeast Asia, CBRE Vikram Kohli on www.bussinesstimes.com.sg. “Driving its strong economic growth is an expanding middle class with thickening wallets,” the article said, adding that rapid urbanisation is supported by a young, growing and educated population, and all bode well for an economy with one of the world’s fastest growing gross domestic product (GDP) rate. In addition, the World Bank has projected that Vietnam’s GDP will expand by 6.8 percent this year, fuelling big appetites of global investors looking to make their mark in Vietnam’s burgeoning property market. In the past three years, Vietnam has seen a significant increase in the number of foreign investments in … [Read more...] about Global investors eye Vietnam’s real estate market