Accordingly, there will be no phenomenon “freeze” real estate in the coming time. He said that if the purchasing power falls below 15% new worries and immediately have to warn the whole market.
Mr.Neil MacGregor also said that homeownership is making a difference in the market, especially in the premium segment. Because when they invest in cash they usually enjoy a 7-8% return rate in Vietnam, while in their country it is only 1-2%. This will attract a large amount of foreign capital into the Vietnamese real estate market, especially those with good location, legal transparency and especially good design and living environment.
Mr.Marc Townsend, general director of CBRE VN, said that in the next 10-15 years, the real estate market in Vietnam will continue to grow as well as now or more. With its abundant young population, the middle class is growing rapidly; foreign capital inflows into real estate are very strong; modern transportation infrastructure is widely invested; deep economic integration and a major market Stabilization … will help the real estate market grow sustainably.
According to the Vietnam Real Estate Association, this year the real estate market has developed well, becoming one of the most dynamic economic sectors. The market is witnessing positive changes in the quality and diversity of products in the different real estate segments. By this time, the total outstanding debt in the field of real estate is 420,000 billion, an increase of VND 100.000 trillion compared to last year. In which, Ho Chi Minh City continues to lead the country in terms of capital flows and transactions in the real estate sector.
At the workshop, HCM City Vice Chairman Le Van Khoa said that from now to 2020, the demand for infrastructure investment capital of the city is huge, is expected to balance about $ 7.6 billion through the Funds such as ODA, budget funds or commercial loans, about $ 2 billion, are expected to be implemented through TPP public-private partnerships.
Ho Chi Minh City is concentrating on investing in urban infrastructure, promoting regional linkages with neighboring localities in order to bring into full play its potential of development by Ho Chi Minh City-Long Thanh – Dau Giay, Ben Luc – Nhon Trach – Long Thanh. This will boost the development of urban residential areas to the east and the south, as well as neighboring areas such as Nhon Trach (Dong Nai), Can Giuoc and Ben Luc (Long An). In addition, Beltway 3 is expected to commence construction in 2017, the first metro line to be completed by 2020 will link satellite towns in the region.
In addition to urban center development, the city will expand to the east such as Thu Thiem, Can Gio beach, Phu My Hung urban area, Cu Chi northwest and Binh Quoi Thanh Da urban area. In particular, the urban refurbishment program will relocate and resettle 20,000 houses on and along the canals, constructing and replacing 50% of the 474 formerly built apartments. 1975.
Khoa is committed to continuing to focus attention on reform of administrative procedures in the areas of land management, planning, and construction investment to create a favorable business environment open to attract many components. The economy is involved in the development of real estate market, infrastructure of the city. This will be a great opportunity for domestic and foreign investors to invest in real estate and infrastructure in Ho Chi Minh City.
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