Conference on new era of real estate growth: From volume to value

Tran Quoc Dung, deputy general director of Hung Thinh Corporation

It is necessary to identify real estate products are commodity or service and when being clearly categoried as typical products containing both characteristics of commodity and service, they should be attached to not only after-sale but also care-taking from investment owners of projects.

Real estate products of Hung Thinh Corporation ranging from Binh Dinh, Nha Trang, Khanh Hoa to Phan Thiet, etc. Target high quality construction standards and norms of electricity, water, light and living space and environment to serve to tastes of buyers and users. Then, it is the meeting point of supply and demand.

We also would recommend the Government shall have an appropriate legal corridor to harmonize demands of both investment owners and users to manage residential buildings and urban complexes effectively and efficiently. 

Nguyen Duc Quang, business director of Vinhomes, in charge of VinCity under Vingroup

After thorough study on real estate statistics, we focus targets of thriving living value separately for users, buyers and investors. Particularly, Vincity Ocean Park Gia Lam in Hanoi will has an impression of a lake ocean of 6.5 hectares, Vincity Sportia Dai Mo Tay Mo will offer 1,000 sportive devices and Vincity Grand Park Saigon will have 15 integrated parks and 200 internal parks. We also update new trends to debut studio flats of 27 square metres for single person, small three bedroom apartments of 60 square metres, one bedroom plus one flats for newly married couple who will have baby shortly.

Vinhomes is close to downtown, meanwhilst Vincity is further. But Vincity has advantage of big spaces to facilitate favorable design to serve users, buyers and investors.

Nguyen Tran Nam, president of Vietnam's Real Estate Association 

Vietnam is the thirteenth biggest populated country in the world.

At present, around 60,000 units are sold per year, which increses by 50 per cent against that in four years ago.

Government and comptent authorities have positive move to grant long term use registration paper for buyers and investors.

In the moment, Circular 02 on construction standards and norms is being drafted to be issued shortly, proving that it will be the first ever time there will be a legal document accepting condotel and officetel product type.

Nguyen Thanh Nha, director of Ho Chi Minh City Municipal Department of Planning and Architecture

Ho Chi Minh City continues pushing up the promotion of investment attraction and development of the City in compliance with approved plannings and practical conditions.

Dealing with fast changes, new challenges, the municipal competent authority is adjusting necessary plannings and legal corridors to facilitate the best to investors to secure better quality living conditions

All related bodies of the City, especially such as planning, construction, investment, natural resources and environment, traffic, finance will absorb comments and ideas of experts at the conference to apply in reality to target the City towards positive and sustainable trends.