Viet Nam real estate market trend 2019

Economic experts and representatives gathered together at a teleconference on investment trends and opportunities in Viet Nam real estate market, held in Hanoi on December 11.

Participants focused on analysing, predicting, and coming up with solutions to help develop the real estate market in a balanced, stable, and sustainable manner; as well as help investors and the public better understand the upcoming market trends of 2019.

Viet Nam real estate market trend 2019

Nguyen Manh Ha – Vice Chairman of the Vietnam Real Estate Association (VNREA), the event’s organiser – said that statistics from the association shows that the Vietnamese real estate market continues to be stable with supply on the rise compared to 2017.

Beside Ha Noi and Ho Chi Minh city, other localities such as Dong Nai, Binh Duong, Bac Ninh, Bac Giang, and Phu Tho have also recorded positive signals in their property markets.

Ha said large projects like miniature cities with full services and synchronous infrastructure, such as those invested by Vingroup, are a prominent trend in the market, which is said to contribute to orienting the future of the sector.

Due to the abundant supply, sudden rises in real estate price are not likely in 2019, Ha stressed, adding that the market will continue to maintain stability throughout the year.

A brighter point in the real estate market is the industrial real estate segment, which is considered a new wave in Vietnam.

There is huge potential to development the segment as Vietnam becomes an attractive destination to foreign investors, especially those operating in industrial production.

The development of industrial zones must be synchronised to attract foreigners, participants said.

Regarding capital sources for the real estate market, Can Van Luc from the Bank for Investment and Development of Vietnam (BIDV) said that some companies have taken initiative in issuing bonds so they do not depend on the banking system, adding that this is a positive signal.

Source: VIR

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