Vietnamese property technology (proptech) firms are attracting the attention of both foreign and domestic investors keen to grab a larger share of the country’s US$500-millio- market.
The Vietnamese property market is expected to slow down, with prices starting to by the end of this year and hitting the bottom by mid-2021, creating opportunities for home buyers sitting on cash.
Giant property developer Novaland Investment Group Corporation (NVL) said it had achieved its annual target with after-tax profit rising to nearly VND3.4 trillion.
Twelve Vietnamese property developers, projects and real-estate companies on Thursday received the third annual Dot Property Southeast Asia Awards at a function in HCM City.
Last year saw a lot of merger and acquisition (M&A) activities in the Vietnamese property sector, with transactions totalling US$1.5 billion and the participation of many major foreign players.
Vietnamese property market is in a dire need to improve transparency in market information to attract investment and develop sustainablity, experts said.
Foreign investors should take account of buying a property in Viet Nam
at this time as the market is offering great opportunities, according to
the UK-based Financial Times newspaper.
Experts have said it is necessary for the real estate sector to find
stable financial sources to ensure adequate housing supply as demand was
anticipated to pick up rapidly.
The housing market has been warming up and has potential for further
growth, especially when supportive factors come into full play,
according to an expert.
Vietnamese property investors seem to be more confident in engaging in
merger and acquisitions (M&A) in golf courses as some foreign
companies facing financial difficulties in their developed nations are
opting out of the sector.