New shopping malls are anticipated to enter the market, mainly on the city’s outskirt. Meanwhile, retailers and mall developers are reinventing themselves to provide a variety of entertainment and lifestyle activities.
In addition to drawing in a lot of local homebuyers and investors, The Matrix One is also the apple of the eye of foreigners, especially South Korean, thanks to its outstanding facilities, location and ample greenery.
Apartment prices surged in Saigon last year as new supply plunged to its lowest in four years largely due to limited supply caused by ongoing restrictions to approval procedures.
Foreign tourists are keen to attend Vietnam’s first F1 motor race, due to kick off in April in Hanoi, but local tour operators are struggling to arrange tours in that month due to hiking hotel prices in the capital city.
The outlook is decidedly bullish for Vietnam’s residential market in the long term.
Prime Minister Nguyen Xuan Phuc on January 11 urged the northern province of Ha Nam to further carry forward its potential and advantages as a gateway of Hanoi capital city, and make breakthroughs in development.
The real estate market of Hanoi saw high demand for Grade A apartments for rent and sale in the third quarter, according to Savills Vietnam’s quarterly report on Hanoi's property market.
Prime office rent across Ho Chi Minh City in Q4 2019 experienced a decade peak amid rising demand and limited supply while new launch drives up the total supply of Hanoi Grade B segment to 1.8 million square meters.
Many bus stops in Hanoi have been decorated with plants in order to counter vehicle emissions.
As more and more young people move to Hanoi to begin their lives in the big city, the idea of home ownership in the Vietnamese capital seems to be little more than a pipe dream amidst skyrocketing prices.
Country-wide, Grade A office is gradually leaving the stage to Grade B and flexible workspace. Nonetheless, the premium segment still retains its high occupancy and rent considering stable demand from foreigners
Vehicle-free streets to officially open on January 1 after successful three-year trial.
Many suburban malls built in Hanoi 3-5 years ago are not occupied, leaving tens of thousands of square meters of retail space vacant.
With Hanoi retaining its spot as the top FDI destination in the country, premium real estate for non-nationals is becoming hotter, especially with the latest project in west Hanoi known as The Matrix One.
On December 25, 2019, MM Mega Market Vietnam Co. Ltd officially launched the first retail MM supermarket in Vietnam, namely MM Super Market Thanh Xuan in the basement of Imperial Plaza Building at Giai Phong road, Hanoi.
An enterprise or State agency should be responsible for the management of apartment building and maintenance fund with the participation of representatives including residents, investors and local management agencies.
Domestic growing demand for leisure investments has brought fierce competition to foreign investors, who are seeking opportunities in Vietnam operating hotel assets, making the country one of the hottest markets in APAC.
Experts said that the Law on Housing 2014 has brought huge opportunities for foreigners to buy houses in Vietnam, as numerous real estate projects quickly filled the 30 per cent of apartments available for foreigners.
Hanoi, Saigon and Da Nang have improved their rankings in a listing of top 100 city destinations for international tourists.
In the last quarter of 2019 and 2020, the market is expected to welcome approximately 50,000 units across the two biggest megacities Hanoi and Ho Chi Minh, according to the latest report by CBRE.