Key points and market implications of Vietnam’s new Real Estate Business Law

Key points and market implications of Vietnam’s new Real Estate Business Law

The National Assembly on November 28, 2023 passed the Law on Real Estate Business 2023 (LREB 2023), which will take effect on January 1, 2025. CBRE researchers gave an insight into new points.

Consulting - Sun, April 21, 2024 | 6:58 am

Vietnam should tax properties not used by owners to combat speculation: expert

Vietnam should tax properties not used by owners to combat speculation: expert

Major cities have become completely void of low-cost apartments, making it increasingly unattainable for migrant workers to settle; therefore, property tax policies should be adopted to dampen speculation, writes Nguyen Van Dinh, a real estate legal consultant and former Construction Ministry officer.

Opinion - Fri, April 19, 2024 | 8:18 am

Vietnam urban trade centers see higher occupancy, rentals with foreign brands’ entry

Vietnam urban trade centers see higher occupancy, rentals with foreign brands’ entry

With the entry of foreign brands, shopping centers in Hanoi and Ho Chi Minh City witnessed a steady increase in rentals and occupancy rates in the year’s first quarter.

Real Estate - Thu, April 18, 2024 | 3:38 pm

Vietnam industrial property rentals set to rise 7-9% a year

Vietnam industrial property rentals set to rise 7-9% a year

Industrial real estate rentals can increase 7-9% per year in the coming years given continued robust inflows of foreign investment and limited new supply, according to property services firm CBRE.

Industrial real estate - Thu, April 18, 2024 | 7:00 am

Hanoi, HCMC primary condo prices move in opposite directions

Hanoi, HCMC primary condo prices move in opposite directions

Primary prices of condominiums in Hanoi soared in Q1/2024 on high demand from homebuyers, but slid in Ho Chi Minh City, according to major property service firms Savills and CBRE.

Real Estate - Sun, April 14, 2024 | 8:00 am

Hanoi apartment prices forecast to further increase 10%: CBRE

Hanoi apartment prices forecast to further increase 10%: CBRE

Apartment prices in Hanoi are forecast to continue climbing by an additional 10% due to low supply, property service firm CBRE said in a report.

Real Estate - Fri, April 12, 2024 | 8:12 am

60% of foreign homebuyers in Vietnam look for capital gains

60% of foreign homebuyers in Vietnam look for capital gains

Over 3,000 foreigners bought housing in Vietnam between 2015 and the third quarter of 2023, 60% of whom were buy-to-gain investors, real estate service firm CBRE said in a report.

Real Estate - Mon, March 18, 2024 | 10:53 am

Apartment prices in Hanoi rise for 20 consecutive quarters, ease in HCMC

Apartment prices in Hanoi rise for 20 consecutive quarters, ease in HCMC

The average primary prices of apartments in Hanoi have increased for 20 consecutive quarters amid scant supply while those in Ho Chi Minh City have cooled down, according to the latest Savills Vietnam report.

Real Estate - Thu, January 18, 2024 | 10:55 am

Vietnam hospitality real estate at a standstill

Vietnam hospitality real estate at a standstill

Just one resort villa project with 40 units was introduced to the Vietnamese market in July and only one unit of this was sold, according to Vietnamese property consultancy DKRA.

Real Estate - Sun, August 20, 2023 | 8:29 am

Quang Ninh poised to become new northern industrial hub

Quang Ninh poised to become new northern industrial hub

Quang Ninh province, along the Vietnam-China border and part of the Hanoi-Hai Phong-Quang Ninh development triangle, is emerging as a new production base in northern Vietnam, according to CBRE.

Industries - Fri, August 26, 2022 | 4:15 pm

Luxury flats drive Ho Chi Minh City residential sector in Q2

Luxury flats drive Ho Chi Minh City residential sector in Q2

High-end apartments accounted for almost 90% of Ho Chi Minh City’s total supply of flats in the second quarter of the year, real estate services firm CBRE said.

Real Estate - Thu, August 25, 2022 | 3:46 pm

Industrial rents to rise 5-13% in next 3 years: CBRE

Industrial rents to rise 5-13% in next 3 years: CBRE

Industrial land leases in northern Vietnam are predicted to climb 5-10% over the next three years, while those in the southern region may rise 8-13%, according to real estate consultancy firm CBRE Vietnam.

Industrial real estate - Sun, July 10, 2022 | 7:00 am

Housing prices keep rising as supply remains low

Housing prices keep rising as supply remains low

Housing prices have continued to rise in Hanoi and Ho Chi Minh City over new supply shortages, despite diminishing market liquidity, according to leading brokerage firm SSI Securities.

Real Estate - Sun, July 3, 2022 | 9:25 am

Apartments a safe investment channel: analysts

Apartments a safe investment channel: analysts

Apartments remain a safe investment channel that attracts cash flow soon, analysts said.

Real Estate - Fri, May 27, 2022 | 9:36 am