Thursday, August 22, 2019 7:35:20 AM - Markets open
VN-INDEX 994.38 +9.71/+0.99%
HNX-INDEX 103.01 +0.04/+0.03%
UPCOM-INDEX 57.84 +0.12/+0.20%
Vietnam’s property market expected to grow
VietnamPlus - 2/26/2018 10:40:47 AM
 (0 ratings. You must sign in to rate.)
A report from the Vietnam Association of Realtors (VARs) said land prices have increased rapidly in places like Nha Trang, Van Don district in Quang Ninh province, Phu Quoc island, and Da Nang.
 
Nha Trang was among the places with the highest growth rate, with prices doubling last year. The average price in the central districts is around VND300 million (US$13,500) per square metre.
 
The city is among the hottest tourism destinations in the country.
 
Da Nang authorities invested heavily in infrastructure, hotels and resorts last year to serve the Asia- Pacific Economic Cooperation (APEC) meetings and summits. This saw property prices and demand rise sharply, especially in Lien Chieu district.
 
A lot of major infrastructure works are ongoing in Lien Chieu, including a port, the Hai Van Tunnel No.2 and the Da Nang – Quang Ngai Highway.
 
Around 8,000 pieces of land were traded last year, according to the report. The average price in the city hovers around VND17 million (about US$800) per square metre.  
 
The situation is much the same in the Mekong Delta, where the signs for the property market are optimistic.
 
In Can Tho City, average prices rose by 30% last year. In Hung Phu district, prices skyrocketed from VND3 million (US$140) per square metre to VND7 million - VND10 million.
 
Elsewhere in the delta, in provinces such as Long An, Vinh Long, Hau Giang, and An Giang too, land prices have risen steadily thanks to major developments by big developers like Vingroup, Sacomreal, Hoang Quan, and T&T group.
 
The land segment is booming in Phu Quoc island and Van Don district, which are expected to become special economic zones and have thus attracted enormous investments in urban infrastructure.
 
The island is also rapidly turning into a tourist paradise and attracting a lot of investment in the sector.
VNA
 
Read original article here
 
Newer News
19/08 Rising demands for realty with long-term ownership
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
Older News
06/02 Property market attracts 77.6 million USD in FDI in January
05/02 Market records more property sales in January
19/12 Hà Nội prepares land for developing resettlement apartments
08/12 Hanoi plans Hoa Lac as satellite town of 600,000 residents
28/04 Intellectual property key for firms
25/04 Association sees busier property market in Q2
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
 
Newsletter Signup
Top Stories
Shrimp export to China sees positive signs
Post-merger stock exchange headquarters in Hanoi
Listed companies honoured for best investor relations
Reference exchange rate up 2 VND on August 7
VN has trade surplus of about $1.6 billion in H1
Market Update
Last updated at 3:10:01 PM
VN-INDEX 994.38 +9.71/+0.99%
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.