Apartment buildings in HCM City (Photo: VNA) Hanoi (VNS/VNA) - The US – China trade war would generate moreopportunities than challenges for Vietnam’s real estate market, experts said atthe Vietnam Real Estate Summit (VRES) in Hanoi on December 12.
At the annual event organised by Vietnam’slargest property portal batdongsan.com.vn, economist Can Van Luc said the tradewar would trigger a shift in production and Vietnam was among leadingdestinations.
Luc cited findings of the American Chamber of Commerce that said one third ofUS companies in China had moved or planned to move parts of their productionplants to other countries.
This would increase demand for industrial land as well as housing for workersand other technical infrastructure, he said.
Investors were adjusting their portfolios over worries about risks that mightarise from the trade tensions. Luc said, adding they might consider increasinginvestment in real estate companies, property projects and the retail segmentin Vietnam through mergers and acquisition deals.
He noted that Vietnam was the only emerging economy which did not see a declinein foreign indirect investment.
According to Nguyen Quoc Anh, deputy general director of batdongsan.com.vn, theproperty market in the northern region, especially in neighbouring provinces ofHanoi where there are a number of industrial zones such as Vinh Phuc, Bac Ninh,Bac Giang and Ha Nam, would be robust.
Experts at the conference were upbeat about the development of the real estatemarket in the next two years.
Anh predicted the property market would continue its stable development in2019, fuelled by macro-economic stability.
Despite land price fever in early months of this year in some localities, whichare expected to be developed into special administrative economic zones, themarket moved back to stability, he said. The mid-end apartment segment wouldcontinue to lead the market, he added.
Anh said technology would be a major development trend in the property marketin coming years as smart homes become more popular and investors increase theuse of advanced technologies in developing and marketing their projects.
“I remain positive about the property market in 2019-20,” Duong Thuy Dung,director of real estate services firm CBRE Vietnam, said. “However, the marketwill be more challenging as the competition will grow fiercer for developers.This will benefit home seekers and investors as the market will have abundantproducts while prices will not increase much.”
Dung said the market development in 2018 was robust, beating earlier forecastsas the number of apartments opening for sale and the number of successfultransactions did not see any significant decreases over the previous year.
CBRE statistics showed that a total of 65,000 apartments were pumped into themarket in Hanoi and Ho Chi Minh City in 2018 and around two thirds were sold,similar to last year.
Dung anticipated that supply would increase next year and successfultransactions would be at around 85 percent. – VNS/VNA
At the annual event organised by Vietnam’slargest property portal batdongsan.com.vn, economist Can Van Luc said the tradewar would trigger a shift in production and Vietnam was among leadingdestinations.
Luc cited findings of the American Chamber of Commerce that said one third ofUS companies in China had moved or planned to move parts of their productionplants to other countries.
This would increase demand for industrial land as well as housing for workersand other technical infrastructure, he said.
Investors were adjusting their portfolios over worries about risks that mightarise from the trade tensions. Luc said, adding they might consider increasinginvestment in real estate companies, property projects and the retail segmentin Vietnam through mergers and acquisition deals.
He noted that Vietnam was the only emerging economy which did not see a declinein foreign indirect investment.
According to Nguyen Quoc Anh, deputy general director of batdongsan.com.vn, theproperty market in the northern region, especially in neighbouring provinces ofHanoi where there are a number of industrial zones such as Vinh Phuc, Bac Ninh,Bac Giang and Ha Nam, would be robust.
Experts at the conference were upbeat about the development of the real estatemarket in the next two years.
Anh predicted the property market would continue its stable development in2019, fuelled by macro-economic stability.
Despite land price fever in early months of this year in some localities, whichare expected to be developed into special administrative economic zones, themarket moved back to stability, he said. The mid-end apartment segment wouldcontinue to lead the market, he added.
Anh said technology would be a major development trend in the property marketin coming years as smart homes become more popular and investors increase theuse of advanced technologies in developing and marketing their projects.
“I remain positive about the property market in 2019-20,” Duong Thuy Dung,director of real estate services firm CBRE Vietnam, said. “However, the marketwill be more challenging as the competition will grow fiercer for developers.This will benefit home seekers and investors as the market will have abundantproducts while prices will not increase much.”
Dung said the market development in 2018 was robust, beating earlier forecastsas the number of apartments opening for sale and the number of successfultransactions did not see any significant decreases over the previous year.
CBRE statistics showed that a total of 65,000 apartments were pumped into themarket in Hanoi and Ho Chi Minh City in 2018 and around two thirds were sold,similar to last year.
Dung anticipated that supply would increase next year and successfultransactions would be at around 85 percent. – VNS/VNA
VNA
