Property

According to CBRE, although government agencies have introduced many measures to monitor the real estate market, housing prices will continue to increase in 2022, especially in the first half. The reason is that the market is still short of supply, while demand is very high and inflationary pressure is rising.

Northern Hai Phong city is viewed as an attractive industrial real estate market for foreign investors, and is building 15 new industrial parks on more than 6,400 ha over the next five years as well as expanding and developing real estate products to attract more FDI, with a focus on sustainable eco-industrial development.

A survey released by Dat Xanh Services on April 4 shows that property projects 10 km from central areas saw price increases in the first quarter of 10-15 per cent quarter-on-quarter while those 20 km away saw 38 per cent increases. The number of new projects for sale in Ho Chi Minh City fell significantly in the quarter, while supply in Hanoi increased strongly.

Southern Binh Duong province is one of the most attractive real estate markets in the south, boasting strong economic development, infrastructure, and industry, which appeals to real estate developers and investors. These investors are focusing on land plots and townhouses in the area.

Binh Chau commune in southern Ba Ria-Vung Tau province is becoming an attractive destination for resort real estate investors from the north. It boasts favorable conditions for the development of tourism and resorts and is considered a favorable location for large real estate projects.

A recent survey from Vietnam Report on the prospects for the real estate market shows growth in most segments. The industrial real estate, land plot, and housing segment has the strongest growth potential, at about 11-20 per cent. The high-end and luxury segments also have a basis for high development in the near future, as the number of super-wealthy people in Vietnam continues to increase rapidly.