The supply of luxury apartments in central Hanoi is becoming increasingly scarce, pushing starting prices to new highs.
High demand and limited supply drive transactions in major urban areas despite soaring costs.
Hanoi’s apartment prices are expected to continue rising until supply and legal bottlenecks are resolved, according to experts.
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 Keppel Group held the groundbreaking ceremony this morning for Saigon Sports City, a 64-hectare site which will be developed into a smart, integrated township in the prime District 2 of Ho Chi Minh City.
Park Kiara, first residential condominium in ParkCity Hanoi, comprises of two towers of 31-storey each with 432 units.
From 2020 onwards, foreign developers including Sumitomo, CapitaLand and Mitsubishi Corporation will enter, expected to contribute to a new modern city in the future.
The smart city will be built by a joint venture between BRG Group and Sumitomo Corporation.
The southern economic hub of Vietnam is paying attention on model and solutions implemented by the Indonesian ride-hailing service, desiring to apply them in its smart city development.
The HausNeo Apartment Project, developed by EZ Land Vietnam Development JSC, has been certified with the International Finance Corporation (IFC)’s EDGE certification, for its excellence in design for green building.
As there is an increasing number of foreign investors seeking for investment opportunities in industrial sector in Vietnam, it would be worthwhile to look into proper strategies to enter the market.
Smart homes and smart townships are becoming the new norm of modern cities in Vietnam, with more and more property developers are promptly integrating high techs into their projects and products, to cater to the rising demand of the smart populations.
Keppel Land is committed to furthering its investments in the southern commercial hub, paying attention to its smart property development.
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.
