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.
Real estate remained the second biggest magnet for foreign direct investment (FDI) in 2019, following processing – manufacturing, as it attracted USD3.88 billion, equivalent to 10.2 percent of the total registered.
Suspended ventures due to lack of administrative procedures are instigating a severe shortage of supply and sharp increase of prices of the property market in Ho Chi Minh City, as well as in outskirt areas.
Hanoi expressed high appreciation towards the activities of the Vietnam National Real Estate Association (VNREA), not only serving the legitimate and justified needs of its members, but also creaing an engaging ‘playground’ for businesses.
Eco-urban areas located near Ho Chi Minh City (HCMC) are sparking a new wave of real estate investments in Vietnam.
Recently, the State Bank of Vietnam (SBV) has released a draft circular on safety limits for banks and called for public comment on the proposed changes. This circular would tighten regulations on lending, especially in the high-end property segment.