News

Office real estate is thriving, with new Grade A buildings entering the Hanoi market at the end of the year, according to Savills Vietnam.

Prime Minister Pham Minh Chinh underlined the need to pay special attention to removing “bottlenecks” on the real estate market while chairing an online conference on July 14 on measures to ensure safe, healthy and sustainable development of the property market.

Hanoi (VNA) – Strong demand will ensure stable absorption of office space in Hanoi in the second half of 2022, according to real estate services firms CBRE.

Banks are forecast to have a credit expansion at the end of the third quarter of 2022, according to Saigon Securities Incorporation.

Vietnam jumped four places to rank 56th globally, according to the Global Real Estate Transparency Index by JLL and LaSalle Investment Management, amid improving building standards across Asia.

Foreign direct investment (FDI) in Vietnam continuously increased in the first half of this year, especially in the real estate sector that attracted 3.15 billion USD, making up 22.5 percent of the total registered capital.

The State Bank of Vietnam (SBV) has been working to regulate liquidity in order to stabilise the monetary market given global economic uncertainties and geopolitical tensions, and control inflation and stand ready to ensure capital for economic recovery and development, its Deputy Governor Dao Minh Tu said on July 12.

n top of the capable handling of COVID-19, the FDI inflow to Vietnam will provide an impetus to the real estate market in the time ahead, according to a leader of the Vietnam Chamber of Commerce and Industry (VCCI).

The country’s real estate market has seen positive signs for recovery following the economic reopening, experts said.

The COVID-19 pandemic has caused a slowdown in the property market but many experts believe this is only temporary and are pinning their hopes on a rebound once the virus is under control.

Residential real estate in Vietnam is still one of the fastest-growing markets in Southeast Asia despite the fact that the COVID-19 pandemic has halted many economic activities, according to experts from property consultant Savills Vietnam.

Strong construction activities in many different types of property and areas in Hanoi signal the strong recovery of the capital’s real estate market from this year onwards, according to CBRE Hanoi Branch Director Nguyen Hoai An.