Real estate market picking up
The real estate sector has been bustling with a series of positive signs, as some resort projects are reactivated, industrial ones implemented, and new housing supply entering the market.
The Government is supporting the development of social housing by updating legal frameworks and offering preferential interest rates. Currently, there are 129 projects of this kind, with a total of 115,000 social housing units under construction.
In the office segment, strong demand from foreign manufacturing and IT enterprises will continue to support the markets in Hanoi and Ho Chi Minh City. It is expected that the supply of Grade A and B offices in HCM City will increase by an additional 200,000 square meters or 20% compared to the current time.
Hanoi is projected to receive an additional 220,000 square meters, or a 13% increase, from the current supply./.
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