The apartment market in Hanoi shows no signs of slowing down as prices continue to soar, with industry experts projecting further escalation until hitting the affordability threshold for prospective buyers.
The performance of hotel industry in the third quarter of 2020 will not see much improvement as Vietnam has faced a second wave of Covid-19 since late July, CBRE said.
Despite rising trade protectionism worldwide, Vietnam continues to set new export records and has emerged as the next manufacturing hub, CBRE said.
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.
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.
Looking at the remainder of 2019 and for the full 2020, CBRE expects an increase in industrial supply across Vietnam to benefit from the production shifting from China given the former key economic fundamentals.
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.
The office market in the last three months of 2018 is projected to be extremely booming with the entry of Thai Square- Grade A office building in Centre Business District (CBD) and three Grade B office buildings in the west area, according to CBRE.
Thai Square office building is the second real estate project in Hanoi owned by Thaigroup.
Seaside tourism properties in Vietnam hold great potential, but investors should be cautious and look out for, according to Duong Thuy Dung, senior director of CBRE Vietnam.
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.
JLL, CBRE and Savills, the three leading foreign real estate consultancy firms, have been selected to be managers of high-end real estate projects in Vietnam.
