HANOI, Oct 24 Asia Pulse - The real estate market for retail services in Vietnam remains appealing to both local and foreign investors even though the global economy is experiencing fluctuations, said a representative from the property consulting and management firm CB Richard Ellis Vietnam.
CBRE Vietnam's Associate Director for Market Research Renato Shordon made the remarks at a press briefing in Hanoi on October 23 to announce the Hanoi Property Market Update.
Trade centres and retail spaces across Vietnam have indicated signs of recovery much quicker than was expected even though consumers have cut their spending due to high inflation rates, Shordon stressed.
He cited market research company Nielsen's global consumer confidence survey, saying that Vietnamese, who ranked ninth in the list, is among the most optimistic consumer group.
Thursday, October 30, 2008
Sunday, October 19, 2008
More new housing planned for urban areas
Foreign Direct Investment (FDI) in the field of real estate stands at approximately 28.5 billion USD over the past nine months, accounting for 50 percent of the country’s total FDI.
More than 1,500 housing and urban area projects are currently being launched nationwide and more than 37 million sq.m of housing in urban areas are built every year, said Nguyen Manh Ha, director of the housing management department.
In addition, a lot of urban areas with modern infrastructure and good living conditions and high-rise buildings have been built, he added.
More than 1,500 housing and urban area projects are currently being launched nationwide and more than 37 million sq.m of housing in urban areas are built every year, said Nguyen Manh Ha, director of the housing management department.
In addition, a lot of urban areas with modern infrastructure and good living conditions and high-rise buildings have been built, he added.
Monday, October 13, 2008
A two-day International Real Estate Federation summit began Friday in Ho Chi Minh City
Five hundred guests, including government, provincial and HCMC officials attended the opening session of the two-day event, in which local real estate experts and federation delegations are participating.
The Ho Chi Minh City Real Estate Association, the organizers, said 14 real estate and architecture experts or heads of Vietnamese and foreign companies would give speeches.
FIABCI is a global association that seeks to help its members acquire knowledge, develop networks and optimize real estate business opportunities all over the world.
The Ho Chi Minh City Real Estate Association, the organizers, said 14 real estate and architecture experts or heads of Vietnamese and foreign companies would give speeches.
FIABCI is a global association that seeks to help its members acquire knowledge, develop networks and optimize real estate business opportunities all over the world.
Tuesday, October 7, 2008
Real estate has potential but faces obstacles
HCM CITY — Despite great volatility this year, the Vietnamese property market is still considered one of the most attractive in Asia, a seminar that ended in HCM City on Wednesday heard.
Delegates from more than 70 domestic and foreign property companies told the two-day seminar held jointly by the city’s Foreign Affairs Department and the Singapore-based International Quality and Productivity Center that the market in Viet Nam has many advantages, one of them being the relentless rise in foreign direct investment.
FDI worth US$45.28 billion was committed in the first seven months, almost five times the figure for the same period last year. Of this, $21.4 billion, or 48 per cent, was in the real estate sector. HCM City attracted the second-highest amount among all provinces and cities with US$7.9 billion, 90 per cent of it in the property sector.
Delegates from more than 70 domestic and foreign property companies told the two-day seminar held jointly by the city’s Foreign Affairs Department and the Singapore-based International Quality and Productivity Center that the market in Viet Nam has many advantages, one of them being the relentless rise in foreign direct investment.
FDI worth US$45.28 billion was committed in the first seven months, almost five times the figure for the same period last year. Of this, $21.4 billion, or 48 per cent, was in the real estate sector. HCM City attracted the second-highest amount among all provinces and cities with US$7.9 billion, 90 per cent of it in the property sector.
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