Hotel pipeline in Hanoi and Ho Chi Minh City is expected to accelerate in the next three years, helping ease supply shortage amid rising demand from international tourists, according to CBRE.
As much as $1 billion is now ready to streamline into local real estate projects listed by property service provider Sohovietnam, according to its chairman Phan Xuan Can.
In 2019 and 2020, Vietnam will be welcoming a new wave of production and manufacturing shifting from China. Such trend will give rise to the industrial property across the nation, according to CBRE.
There were only 12 newly launched projects in Ho Chi Minh condominium market in the first quarter of 2019, dropping significantly due to long Tet holiday and slow licensing process, according to CBRE.
Chinese buyers are making up a dominant part of transacted luxury and high-end apartments, showing their keen interest in Vietnam's real estate market.
The largest transactions this year, for major office, residential and retail sites, all backed by foreign capital let people gauge the fervor foreign investors have in Vietnam, Asia’s rising star.
The digital evolution has made a significant impact on the hospitality industry with hotels spending more on digital marketing as well as other digital tools to adapt to the ever-changing demand.
In the second quarter of this year, Ho Chi Minh City market welcomed an additional 6,109 condominium units, a decrease of 36 per cent compared to the same period of last year, according to commercial real estate services and investment firm CBRE.
As many as 91 per cent of co-working space members are under the age of 35 and most of them are either the founders or employees of start-ups in the field of information technology, according to the leading real estate services and consultancy firm CBRE Vietnam.
Noble Vietnam Co., Ltd. the investor of Van Tri Avenue Villa project, has appointed CBRE (Commercial Real Estate Services) exclusive sales and marketing agent of the project.
