Da Nang housing construction falls in H1
(Aug 19, 2014)
Production volume for the property market here fell slightly by 1 per
cent in the first half of 2014, a property consultancy company report
A study by Nomura Research Institute (NRI) of Japan estimated the value
of Viet Nam's property market at US$21 billion, a far cry from that of
some of its neighbours.
Real estate traders have not stopped doing business in the seventh lunar month this year as in previous years, said experts.
The city government has proposed that the number of storeys of old
apartment buildings scheduled for renovation be increased to attract
more tenants and ensure profits for investors.
The capital has planned a VND20-trillion (US$940 million) project to develop urban areas along the Nhat Tan – Noi Bai axis.
Residential markets in Ha Noi and HCM City would see positive
development by the end of the year due to increases in the property
The property market is becoming increasingly attractive to foreign
investors, property consultancy Cushman & Wakefield Viet Nam said.
The demand for rented office space in Ha Noi increased sharply in the
second quarter of this year, pointing to a gradual recovery of the
domestic economy, said property experts.
Viet Nam should provide conditions for the proper development of real
estate and finance such as Real Estate Investment Trust (REIT) along
with real estate business projects.
Having bounced back in the first half of 2014, mergers and acquisitions
(M&A) in Viet Nam's real estate markets could show more recovery in
terms of transactions and capital volume.
The municipal Housing Development Fund yesterday said that it had
disbursed VND610 billion ($29 million) to over 1,900 low and middle
income earners after 10 years of operation.