Topic: CBRE

New outlets will contribute to rising retail market this year, according to CBRE.

Ms. Duong Thuy Dung, Senior Director of the Valuation, Research, and Consulting Department at CBRE Vietnam, said that more than 50 per cent of investors have problems with loans for real estate investment. If they continue to borrow, the cost will increase greatly. They want to sell but are unable to do so. If credit is not loosened by 2023, the real estate market will see a sell-off and prices will fall.

In the first half of 2022, along with a recovery in the tourism sector, the real estate market in central Da Nang city has seen many signs of improvement. According to forecasts from CBRE, in resort real estate alone, Da Nang will have 99 4-5 star hotel projects by 2024, bringing total supply to more than 21,000 rooms. The appearance of Shizen Nami on the shores of Da Nang Bay has attracted major attention thanks to its regenerative health apartment model.

Data from CBRE Vietnam on four cities and provinces considered key industrial centers in the south and Mekong Delta - Ho Chi Minh City and Dong Nai, Binh Duong, and Long An provinces - shows that industrial land rentals have increased 8-13 per cent over the course of the last year. The highest price was $300 per sq m per rental cycle.