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New project
Video
news
REAL ESTATE MARKET PROSPECTS IN 2020 OF VIETNAM
Prospects for GDP growth are influenced by the Covid-19 epidemic. Vietnam's GDP growth rate was 7.02% in the year 2019. Through this epidemic Vietnam is evaluated to become the most potential market in the region. Especially, Vietnam's GDP growth would be reduced to 4.8% in 2020, and it will be recovered up to 6.8% in 2021.
Investment demand decreases in the short term:
In 2019: Foreign direct Investment (FDI) in Vietnam has reached the highest level for 10 years
Activity of the investment slowed down at the end of March in 2020,due to delayed epidemic such as Korea investment Countries, Hong Kong, Singapore, Japan, China, other countries)
Free trade treaty facilitate export:
Signed 13 free trade treaty
Signed 11 effectively free trade treaty
Nearly 3 free trade treaty are negotiating
and has 52 countries
Tourism is influenced considerably from the Covid-19 epidemic
Office:
The new supply strongly maintains strong growth, supply in areas outside the center.
Rent growth rate is forcasted to be reduced.
Emty rate maintains less than 10%
Flexible workspace and technology that leads the demand source.
Retail:
Future supply is concentrated in the outside of the center.
The average rental rate is mitigated by the influence of the central outside projects.
Covid-19 may affect on fill rate.
The growth potential of electronic commerce and convenience stores
Retail Trends in 2020: The traditional shop is still the main shopping channel, retailers need to invest in a multi-channel sales strategy. Commercial center continues to turn into an recreational center, the young population is a motivation to expand retail, focusing on changing products and services according to customer needs, hygiene issues in public areas and health take care of specially.
Apartment:
Luxury: > $4,000 m2
Senior: $2,000-$ 4,000 m2
Intermediate: $1,000-$ 2,000 m2
Average: < $1,000 m2
The quantity of supply source is offered the purchase in the year 2020 is projected to decline or increase slowly.
The persons buy the apartment to stay and to invest in the secondary market, they are attractive because of the rising demand.
The investors innovated the strategy of expanding the Land area, sales and improving the quality of project management after completion.
Update changes and policies.