Monday, May 27, 2019 8:33:47 PM - Markets open
VN-INDEX 975.14 +5.11/+0.53%
HNX-INDEX 105.04 -0.35/-0.33%
UPCOM-INDEX 55.25 -0.02/-0.04%
Association sees busier property market in Q2
Source: VNS - 4/25/2017 9:13:32 AM
 (0 ratings. You must sign in to rate.)
 Việt Nam’s property market will see more sale launches and transactions in the second quarter of this year, the Việt Nam Real Estate Association has forecast.

At a conference on Friday, Nguyễn Mạnh Hà, the association’s deputy president, said the realty market would be bolstered by the stable macro-economic situation, rising number of tourist arrivals to Việt Nam and foreign direct investment into the property sector.

He cited statistics showing that Việt Nam had received more than 3.2 million foreign tourists in the first quarter of this year, up by 29 per cent over the same period last year. FDI inflow jumped by more than 91 per cent to a total of US$334 million in the January-March period.

Hà said the slowdown in transactions in Q1 was because of the nation’s biggest holiday, which fell in late January.

However, the market started to get busier from March with more transactions and property developers gearing up for sale launches in the coming quarters.

He said projects which benefited from infrastructure development, such as those along rapid bus and metro routes, had good liquidity.

Several developers were expected to develop and release a huge supply of affordable homes, which would contribute to improving transactions and market liquidity, according to the Việt Nam Association of Property Brokers.

Regarding tourism property, the association anticipated strong development, driven by the dynamism of foreign developers as well as the rising middle-income class in the country.

Property popular on social network

The property sector ranked the sixth most discussed topic on social networks in the first quarter of this year, based on a survey by SocialBeat, according to the association.

Apartments and resort property were the two most discussed segments, with 33 per cent and 24 per cent share, respectively. Affordable housing segment attracted significant market attention, especially information about the location of a project, planning, facilities, handover time and sale policies.

The association said previously, the property business focused mainly on traditional marketing channels, such as phone, advertisements through banners, posters, newspapers and magazine. However, there was now a shift towards social marketing.

Newer News
23/05 Spectrum of opinion on credit moves
17/05 Property market still attractive in medium, long terms: forum
14/05 HCM City: 46.8 percent of FDI goes to property sector
13/05 Vietnam’s real estate market likely to stay stagnant this year
03/05 Real estate at the heart of economy
27/04 HoREA offers proposals to help real estate firms access long-term bank loans
26/04 The Zei – one of Hanoi's most wanted projects launched
19/04 Domestic property market stable in Q1
18/04 VN property market unlikely to see big dip, says Savills global chief
12/04 Savills Group CEO: HCM City – a promising market in real estate
Older News
19/04 HN five-star hotel occupancy up to 74%
13/04 Foreign cap to be focused at annual shareholder meetings
23/03 Mapletree openes its first office development in Vietnam
20/03 Price up for high-end property
07/03 Real estate transactions stall in February
01/03 City aims for high-quality low-cost housing
27/02 Property stockpile 77% below peak
15/02 Vietnam’s building code in a "messy" situation
13/02 Ha Noi office and retailHa Noi office and retail competition heating up
13/02 HCM City aims for sustainable realty market
 
Newsletter Signup
Top Stories
VAMC to reclaim US$2.13 billion in bad debts
HCM City: 46.8 percent of FDI goes to property sector
Vietnam Pepper Association not hopeful of global price recovery
HVN: Vietnam Airlines to pay $63.9 million cash dividend
Reference exchange rate kept unchanged on May 6
Market Update
Last updated at 3:09:44 PM
VN-INDEX 975.14 +5.11/+0.53%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.