With positive signs in liquidity on the horizon in the local real estate market, townwhouses appear a promising investment channel with fairly good yield rates.
Decree No.25/2020/ND-CP (Decree 25) issued by the prime minister on February 28, 2020 has broken through the biggest obstacles facing real estate projects nationwide in land bidding and implementation.
If the last 10 years are anything to go by, real estate is in for big changes.
While there are few, if any, signs of the real estate bubble bursting in 2020, the Ministry of Construction said that land prices could increase in some areas.
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.
Mr. Nguyen Hoang Minh, Deputy Director of the State Bank of Vietnam-Ho Chi Minh City Branch (SBV-HCMC Branch), reported that the city’s banking industry’s capital mobilization nearly reached VND2.5 quadrillion last year.
Proptech in Vietnam is developing and expanding on the back of strong momentum in the Vietnamese real estate market, due to its benefits in improving accuracy and speed, as well as cost savings and convenience.
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.