According to the world’s leading real estate service provider in Vietnam, CB Richard Ellis (CBRE), the demand for real estate in Hanoi would remain high in 2008 and supply would not meet demand for the 2008-2009 period. Only after big projects become operational by 2010, would there be a balance between supply and demand.
At a press conference held in Hanoi recently, a representative from CBRE said the 1000th anniversary of Thang Long-Hanoi by 2010 and positive signs from Vietnam’s WTO membership have attributed to surging demand for real estate.
In the next two and five years, several major foreign investment projects are expected to be completed and put into operation, helping overcome the problem.
