Hanoi's real estate market shows strong growth in Q3
The apartment segment continues to be a bright spot with over 10,300 new units launched.
High-end housing in HCMC attracting investors
Figures from the Ho Chi Minh City Department of Construction show that in the first nine months of 2022 the city had 21 capital-funded housing projects with 11,600 dwellings sold, including 10,166 apartments, or 87.6 per cent of the total, and 1,434 low-rise houses, or 12.4 per cent. Of these, 9,305 were high-end apartments, or 80.2 per cent.
Regenerative health apartments conquer real estate market in Da Nang Bay
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.
Apartment investments rising in industrial provinces
Investing in apartments in industrial areas is becoming a popular trend in Vietnam, as demand for renting and apartment prices are both on the rise. This is especially true in key provinces in terms of investment attraction, such as Bac Ninh, Bac Giang, Vinh Phuc, and Thai Nguyen in Vietnam’s north, which have many industrial parks and tens of thousands of foreign experts.
Apartment purchases in Hanoi and HCMC falling
Information on the sale of houses, land plots, and apartments in December increased 7 per cent compared to November, while information on buying and selling was down 3 per cent. In Hanoi and Ho Chi Minh City, new supply and apartment transactions in 2021 were the lowest for five years. However, Cushman and Wakefield Vietnam has forecast that the apartment market in the two cities will be vibrant again this year.