Experts from CBRE said Vietnam real estate sector in 2018 showed signs of temporary slowdown, especially segments of condotel, resort, villas in major markets. The soaring price that far exceed product’s actual value is considered the reason behind the slowdown.
According to preliminary survey results, seafront villas in coastal cities like Nha Trang, Da Nang and Phu Quoc island are being offered for sale with price from $1 million, which is out of many investors’ reach. New products in these markets are also experiencing lower consumption rates. Da Nang saw a decline of 20%, while Nha Trang suffered a drop of 38%.
Emerging markets, such as Phan Thiet - Mui Ne, Ha Tien, Quang Ngai and Quang Tri, with high potential for development thanks to the complete infrastructure, are expected to be new destinations for investors this year.
"In these markets, coastal resort villa segment will become a major magnet to attract investment and gain much attention from buyers thanks to moderate price, high liquidity and potential for price increase. These products also satisfy the tastes of Vietnamese investors for landed houses, ”said a real estate expert.
According to the representative of Loc Tu company, with the limited supply, investors considered seafront villas as "a reserve" in their investment plan.
He analyzed: "Seafront and landed real estate is a product line with good preservation and high potential for value increase. This is a suitable segment for those who want to gain profit in a short time. Investors can own seafront villas and then sell them easily after 1-2 years for profit.”
A coastal resort project in Phan Thiet, which launched into the market at the end of last December, attracted a great deal of interest from investors, with some 500 investors attended its launching event.
