Sunday, July 21, 2019 12:31:28 AM - Markets open
VN-INDEX 982.34 +6.29/+0.64%
HNX-INDEX 107.07 +0.33/+0.31%
UPCOM-INDEX 57.54 +0.13/+0.22%
Realty market has opportunities from trade war
VietnamPlus - 12/14/2018 2:06:58 PM
 (0 ratings. You must sign in to rate.)

The US – China trade war would generate more opportunities than challenges for Vietnam’s real estate market, experts said at the Vietnam Real Estate Summit (VRES) in Hanoi on December 12.

At the annual event organised by Vietnam’s largest property portal batdongsan.com.vn, economist Can Van Luc said the trade war would trigger a shift in production and Vietnam was among leading destinations.

Luc cited findings of the American Chamber of Commerce that said one third of US companies in China had moved or planned to move parts of their production plants to other countries.

This would increase demand for industrial land as well as housing for workers and other technical infrastructure, he said.

Investors were adjusting their portfolios over worries about risks that might arise from the trade tensions. Luc said, adding they might consider increasing investment in real estate companies, property projects and the retail segment in Vietnam through mergers and acquisition deals.

He noted that Vietnam was the only emerging economy which did not see a decline in foreign indirect investment.

According to Nguyen Quoc Anh, deputy general director of batdongsan.com.vn, the property market in the northern region, especially in neighbouring provinces of Hanoi where there are a number of industrial zones such as Vinh Phuc, Bac Ninh, Bac Giang and Ha Nam, would be robust.

Experts at the conference were upbeat about the development of the real estate market in the next two years.

Anh predicted the property market would continue its stable development in 2019, fuelled by macro-economic stability.

Despite land price fever in early months of this year in some localities, which are expected to be developed into special administrative economic zones, the market moved back to stability, he said. The mid-end apartment segment would continue to lead the market, he added.

Anh said technology would be a major development trend in the property market in coming years as smart homes become more popular and investors increase the use of advanced technologies in developing and marketing their projects.

“I remain positive about the property market in 2019-20,” Duong Thuy Dung, director of real estate services firm CBRE Vietnam, said. “However, the market will be more challenging as the competition will grow fiercer for developers. This will benefit home seekers and investors as the market will have abundant products while prices will not increase much.”

Dung said the market development in 2018 was robust, beating earlier forecasts as the number of apartments opening for sale and the number of successful transactions did not see any significant decreases over the previous year.

CBRE statistics showed that a total of 65,000 apartments were pumped into the market in Hanoi and Ho Chi Minh City in 2018 and around two thirds were sold, similar to last year.

Dung anticipated that supply would increase next year and successful transactions would be at around 85 percent. – VNS/VNA

Read original article here
 
Newer News
08/07 VN to boost professional real estate brokers
07/07 VN to boost professional real estate brokers
24/06 Property market heats up in Binh Phuoc province
19/06 Excitement rises in Vietnam’s real estate
13/06 NVL: Takes expo to introduce a range of projects
09/06 MoC: rules for condotels, officetels coming this year
03/06 Real estate market set for recovery as HCM City streamlines housing regulations
31/05 Real estate market set for recovery as HCM City streamlines housing regulations
29/05 Real estate sector advised to reduce dependence on bank credit
23/05 Spectrum of opinion on credit moves
Older News
03/12 Property firms look to stocks for capital
29/09 Property sector calls for rethink on bank loans
25/09 Property developers diversify
17/09 Hà Nội to build 48.5-hectare urban area in Bắc Từ Liêm
25/08 Biên Hoà property market booming
20/08 City condo market begins to recover
07/07 Hà Nội condo market slows in Q2
16/05 Hà Nội to crackdown on delayed projects
02/04 Banks begin tightening screws on property credit
27/03 Hanoi earns 349 million USD from land auctions
 
Newsletter Signup
Top Stories
Trade pacts bring opportunities for seafood industry's sustainable growth
Credit institutions warned about P2P lending
CPTPP boosts export opportunities in Japan
Deutsche Bank's restructuring not expected to harm VN market
VN to boost professional real estate brokers
Market Update
Last updated at 3:10:00 PM
VN-INDEX 982.34 +6.29/+0.64%
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.