Property

Real estate stocks have witnessed impressive price increases since the beginning of the fourth quarter, rising by 15.3 per cent. Many therefore believe the prospects for the group are promising into the future. The Omicron variant of Covid-19 is, however, likely to bring down the real estate market once more.

The biggest bottlenecks in the real estate market relate to mechanisms and policies. The industry is regulated by 12 different laws and there are differences between them, especially the three that are directly related: the Law on Land, the Law on Housing, and the Law on Real Estate Business.

The expected post-pandemic trend towards traveling close to home and combining remote working and holidays (known as staycations and workations) will help increase the attractiveness of the integrated resort real estate model in central Da Nang city. The city already boasts the presence of famed real estate brands, exploiting sites of great beauty and potential.

Of the 45 key construction projects suspended in Ho Chi Minh City during the social distancing period, eleven are now planning for completion before the Lunar New Year in early February.

Economic activities at the Lang Son border gate economic zone in northern Lang Son province, which shares a border with China’s Guangxi province, together with methodical investment in local infrastructure, traffic, and tourism will create opportunities for land adjacent to the border gate to attract investment.

Many major real estate investors are coming to La Gi in south-central Binh Thuan province with large-scale projects that will turn the town into the largest industrial center in the province. With industrial zones, La Gi will also become the center of the local real estate market.