Apartment price bubble looms if other housing segments fail to emerge: expert

Apartment price bubble looms if other housing segments fail to emerge: expert

The apartment segment in Vietnam may find itself in a bubble this year if other housing segments are not put on the market soon, said economist Le Xuan Nghia.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Apartments priced at $17,000 per sqm spotted in HCMC

Apartments priced at $17,000 per sqm spotted in HCMC

Ho Chi Minh City recorded apartments with prices up to VND425 million ($17,000) per square meter in the first quarter of this year, according to property consultancy firm DKRA Group.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam property prices may rise on back of new rules: expert

Vietnam property prices may rise on back of new rules: expert

Property prices in Vietnam are set to climb next year when amended laws take effect, with improvements to the quantity and quality of projects reaching the market, said Le Bao Long, director of strategy at property website Batdongsan.com.vn, under Singaporean firm PropertyGuru.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Khanh Hoa real estate perks up after province makes plans

Khanh Hoa real estate perks up after province makes plans

An uptick in transactions as well as investors completing procedures for new projects indicate that the Khanh Hoa property market has responded positively to several schemes announced by provincial authorities.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Property giant Vinhomes targets $1.4 bln net profit in 2024

Property giant Vinhomes targets $1.4 bln net profit in 2024

Vinhomes JSC, the real estate arm of Vietnamese private conglomerate Vingroup, is aiming to earn VND120 trillion ($4.78 billion) in revenue and VND35 trillion ($1.4 billion) in net profit this year, up 16% and over 4% respectively compared to 2023.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Property developer First Real sets sights on becoming number 1 in central Vietnam

Property developer First Real sets sights on becoming number 1 in central Vietnam

First Real JSC will do its best in the next two years to become the number 1 real estate developer in central Vietnam, said chairman Nguyen Anh Tuan.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

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, Dec 22, 2021 | 11:30 am GMT+7

Affordable housing on verge of extinction in Vietnamese market: forum

Affordable housing on verge of extinction in Vietnamese market: forum

Affordable housing, defined to have a price of less than VND25 million ($1,060) per square meter, is almost "extinct" in the Vietnamese market, especially in big cities like Hanoi and Ho Chi Minh City, heard the Spring Real Estate Forum held in Hanoi.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Southern Vietnam real estate market sees no new offerings in 2 months

Southern Vietnam real estate market sees no new offerings in 2 months

The real estate market in Ho Chi Minh City and its surrounding areas saw no new projects offered for sale in the first two months of 2024, according to property consultancy firm DKRA Group.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Affordable housing to lead Vietnam property market recovery: experts

Affordable housing to lead Vietnam property market recovery: experts

Affordable housing will lead the Vietnamese real estate market recovery this year as even in the most difficult times, this segment still draws great attention from customers, said experts.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam property businesses expect market recovery in 2024

Vietnam property businesses expect market recovery in 2024

Vietnam’s real estate firms are expecting the market to make a U-turn this year, with new projects and the next phases of existing projects to be launched.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Property major Ha Do Group aims for 2024 net profit growth of 25%

Property major Ha Do Group aims for 2024 net profit growth of 25%

Ha Do Group, one of the leading real estate developers in Vietnam, has targeted 2024 consolidated net profit growth of 20-25% year-on-year, said its chairman Nguyen Trong Thong.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central bank circular does not prohibit loans to buy future-formed houses

Vietnam central bank circular does not prohibit loans to buy future-formed houses

Circular No. 22/2023 of the State Bank of Vietnam (SBV) basically does not affect access to loans to buy future-formed houses mortgaged by those houses as some people fear, writes Nguyen Van Dinh, a real estate legal expert.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam a rising star in Asia-Pacific real estate: Savills

Vietnam a rising star in Asia-Pacific real estate: Savills

Despite facing a host of difficulties, Vietnam and its real estate market still saw growing interest from foreign investors in the fourth quarter of 2023, according to property consultancy firm Savills’ Asia-Pacific Investment Quarterly (APIQ) Q4/2023 report.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Property giant Novaland sees 12-fold increase in Q4 net profit

Property giant Novaland sees 12-fold increase in Q4 net profit

Vietnam’s leading property developer Novaland reported a sudden net profit of VND1.65 trillion ($67.5 million) in the fourth quarter of 2023, 12 times higher than the same period the previous year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

MBBank to finance $61 mln for 780-room apartment in Binh Duong province

MBBank to finance $61 mln for 780-room apartment in Binh Duong province

Phu Dong 5 Investment Company Limited, under Phu Dong Real Estate Group JSC, and MBBank have signed an agreement on financing the construction of Phu Don SkyOne apartment complex.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Danang realty market plummets in supply, demand

Danang realty market plummets in supply, demand

The central city of Danang and its surrounding areas witnessed a decline in supply and demand in the property market in 2023, apart from in the apartment segment, according to real estate consultancy DKRA Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Resort real estate continues to struggle in 2024: insiders

Resort real estate continues to struggle in 2024: insiders

Resort real estate in Vietnam is unlikely to recover like other segments in 2024 and return to its golden age of 2017-2020, according to senior expert Nguyen Hoang.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Apartments priced under $1,000 per square meter disappear from Vietnam market

Apartments priced under $1,000 per square meter disappear from Vietnam market

Vietnam's real estate market is facing a dearth of projects in the affordable segment priced under VND25 million ($1,018) per square meter, but mainly in the middle and high-end segments priced from VND25-70 million ($2,850) per square meter.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam eyes FDI solution for real estate boost

Vietnam eyes FDI solution for real estate boost

The Vietnamese government has identified attracting more foreign direct investment as a solution to problems troubling the real estate sector.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Closure of 1,286 businesses reflects Vietnam property market woes

Closure of 1,286 businesses reflects Vietnam property market woes

As many as 1,286 real estate businesses were dissolved in 2023, a 7.7% year-on-year increase that indicates numerous difficulties facing the market, a General Statistics Office (GSO) report says.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam real estate market awaits rebound

Vietnam real estate market awaits rebound

Many experts predict that the Vietnamese real estate market will recover around the third quarter of 2024, but some others hold that 2024 will continue to be a difficult year for the market.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

DaiDung Corporation concludes 2023 with remarkable achievements

DaiDung Corporation concludes 2023 with remarkable achievements

In December 2023, DaiDung Corporation (DDC) marked the end of a successful and vibrant year, showcasing solid progress and notable events. Let's recap the significant activities undertaken by DDC during this period.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Real estate developer Phat Dat clears bond debts, prepares for strong rebound: CEO

Real estate developer Phat Dat clears bond debts, prepares for strong rebound: CEO

Phat Dat Real Estate Development JSC’s bond debts reached zero on Monday after the firm made its final repayment, marking the massive efforts made to solve its bond issues amid the challenging real estate market. This is one of the conditions the firm has created for a strong rebound towards higher goals, said CEO Bui Quang Anh Vu.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Changes under amended Law on Real Estate Business to benefit customers

Changes under amended Law on Real Estate Business to benefit customers

Senior partner Anh Dang and associate Linh Pham of VILAF law firm analyze key changes brought about by the newly-appoved Law on Real Estate Business 2023.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

What incentives Metro Star real estate project offers overseas Vietnamese coming home for Tet

What incentives Metro Star real estate project offers overseas Vietnamese coming home for Tet

Metro Star, a major real estate project in Ho Chi Minh City, has prepared special promotions for overseas Vietnamese citizens as the homecoming season of Tet (Lunar New Year holiday) approaches.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam property developers need to optimize cheap foreign capital sources: expert

Vietnam property developers need to optimize cheap foreign capital sources: expert

Vietnam’s real estate companies should unleash capital sources by tapping into cheap foreign capital sources, restore market confidence, and remove barriers facing the bond market, said experts on Tuesday.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

65% of Vietnamese survey respondents seek to buy properties within a year

65% of Vietnamese survey respondents seek to buy properties within a year

As many as 65% of 1,000 Vietnamese survey respondents sought to buy real estate properties in a year (from H1/2023 to H1/2024), leading property listing website Batdongsan.com.vn said Tuesday.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

CapitaLand, United Overseas Australia to develop $247 mln real estate project in Vietnam

CapitaLand, United Overseas Australia to develop $247 mln real estate project in Vietnam

CapitaLand (Vietnam) Holdings, under Singapore’s CapitaLand, and Malaysia-headquartered realty firm United Overseas Australia have set up a joint venture to develop a $247.1 million real estate project in Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Blank November for townhouses, villas in HCMC area

Blank November for townhouses, villas in HCMC area

One townhouse and villa project supplied 34 units to Ho Chi Minh City and surrounding areas in November, but no transaction took place in this segment, according to realty services firm DKRA.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central Vietnam province finds fault with Singapore firms’ real estate project proposals

Central Vietnam province finds fault with Singapore firms’ real estate project proposals

Two real estate projects proposed by a joint venture comprising two Singaporean and a Vietnamese firm do not match Quang Tri province’s development plans and ground realties, said provincial authorities.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Singapore’s CapitaLand affiliate acquires $562 mln real estate project in southern Vietnam

Singapore’s CapitaLand affiliate acquires $562 mln real estate project in southern Vietnam

Sycamore, an affiliate of Singapore-headquartered CapitaLand, has acquired the Tan Thanh Binh Duong housing-urban area complex in Binh Duong province.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam, Japan realty firms join hands for $150 mln affordable housing project

Vietnam, Japan realty firms join hands for $150 mln affordable housing project

Two Japanese real estate firms – Cosmos Initia and Koterasu – have teamed up with Vietnamese developer TTCapital Investment for a $150 million affordable housing project in Binh Duong province, southern Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Singapore’s PropertyGuru earns Jan-Sep revenue of $9.4 mln in Vietnam

Singapore’s PropertyGuru earns Jan-Sep revenue of $9.4 mln in Vietnam

Singapore-headquartered property-technology firm PropertyGuru recorded revenue of SGD12.5 million ($9.4 million) from the Vietnamese market in the first nine months of 2023, down 31% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam real estate firms go 'all in' at year-end

Vietnam real estate firms go 'all in' at year-end

After a quiet period, real estate businesses are looking to go "all-in" at the end of the year to gain revenue as well as warm up the market, with policies such as increasing discounts and lengthening payment periods.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7