Each week we post a news flash with notable articles related to the real estate market in Vietnam. We asked our team to pick the top stories from the past month and we’ve tallied the results. Check out the headlines that made big news in our office below. Have any of the articles we’ve shared impacted you? Is there any important news we’ve missed? We’d love to hear from you!
We hope you and your loved ones are staying safe and healthy. The CVR team is here to answer your questions any time. Whether buying, selling, renting or opening a business, contact us to talk about your real estate needs today.
Your Friends at Central Vietnam Realty
- 1. HCM government is to reduce the time for issuing pink book down to 24h after receiving the application
The Director of Ho Chi Minh City Department of Natural Resources and Environment has just signed Decision No. 502 on the issuance and cancellation of certificates of land use rights, ownership of houses, and other assets attached to land (pink book).
This decision aims to concretize many contents in Decision 08/2021 issued by the City People’s Committee on April 29, 2021.
This Decision will reduce the time that people wait for the issuance of the pink book significantly, Da Nang city should learn this and apply it to the land procedure of the city.
Our expert knowledge of both the property market and business environment ensures our clients are provided the best advice throughout the process. In today’s constantly changing market, buyers face an array of complex challenges and new opportunities. We can help!
2. Despite the epidemic, why does Vietnamese real estate still attract foreign investors?
Firstly, Vietnam holds a fundamental advantage as a large market with a young and dynamic demographic, and the quality of Vietnam’s human resources is increasingly improving.
Secondly, the investment environment in Vietnam is gradually improving, with significant support from the government for the manufacturing, trade, service, import-export industries, and real estate.
Besides, FDI is still pouring into the manufacturing sector, creating favorable conditions for the real estate industry to have positive changes.
The author expected that In 2021, 3 segments that attract investors’ attention include residential real estate, office, and industrial real estate. This shows a positive signal of Viet Nam real estate to grow stronger after Covid.
Considering an investment in 2021? Whatever the requirement, we provide our clients the highest standard of service tailored to their specific needs and always stay ahead of the curve. Reach out to us today!
3. Secrets to selling houses the rich and famous
According to the top 3 agents of Coldwell Banker Global Luxury, which specializes in housing the world’s wealthiest superstars, the secret to their sales lies in trust, security, dedication, and knowledge.
Ultimately, if you want to be a top agent for the super-rich, you have to treat it as a full-time job and be highly committed to the products and services you provide. Once you have won the trust of customers and built their own personal brand in their hearts, their vast network of relationships will open to you and that’s when success is very close.
Our expert knowledge of both the property market and business environment ensures our clients are provided the best advice throughout the process. In today’s constantly changing market, buyers face an array of complex challenges and new opportunities. We can help!
4. What taxes do apartment lessors have to pay?
If the total turnover in the calendar year (from January 1 to December 31) is less than VND 100 million, then there is no need to pay Personal Income Tax (PIT) and VAT.
In case the turnover is from 100 million VND/year or more, PIT and VAT must be paid. At that time, the lessor must pay 5% PIT and 5% VAT.
At CVR we offer our clients the best in commercial real estate sales and leasing in the Central Vietnam marketplace. We have assisted a wide range of businesses, from IT companies to Industrial warehouses. Thinking about moving your current business or opening a new business in Da Nang or the surrounding area? We can help!
5. Where is the money flowing into real estate?
According to some reports from analysis of many specialized organizations and individuals, owners of many struggling production and businesses due to Covid are now spending their resources to invest in real estate instead of production and business.
Moreover, the savings deposit interest rate has dropped sharply over the past time, causing idle cash flow to move into the real estate investment channel.
CVR believes this is a good signal for development in the real estate sector in particular and in socio-economic development in Vietnam in general. There are great opportunities available and CVR is here to help find the one that’s right for you. Contact our team of experts today!
Source: https://cafeland.vn/tin-tuc/nguon-tien-chay-manh-vao-bat-dong-san-do-dau-98813.html
6. The real estate market has to be “suspended” because of Covid-19
After nearly 2 months of having peace, at the end of April, Vietnam witnessed a resurgence of the Covid-19 epidemic, this time considered to be more complicated and dangerous than before when the new strain had a higher spreading rate.
In the given situation, business activities, especially the real estate industry have been strongly affected. Despite having 3 times experienced responding to an onslaught of epidemics, real estate businesses have also adapted and moved up to epidemic prevention scenarios to minimize risks and damage, but affecting the market is unavoidable.
With the current market situation, finding a great realtor is key to finding the right investment opportunity. All of these points are strong signs of the growth of the real estate market in Vietnam and give a good outlook for capital appreciation for investments in the long run. Interested in investing in Vietnam? Contact the CVR team for more details on available properties today!
Source https://batdongsan.com.vn/tin-thi-truong/thi-truong-bds-co-phai-tam-dung-vi-covid-19-ar106778
7. Investors of office buildings provide 5 * hotel services to attract tenants
One of Europe’s biggest office owners thinks they have found a solution to a post-pandemic workspace survival: offering more perks to tenants.
Specifically, this new platform offers hotel-style, customer-centric services, and enhances the customer experience. Each service will be tailored to each property and audience, including food and beverage offerings, fitness and wellness initiatives, as well as a concierge service inspired by the hotel sector. These services go beyond the normal operating duties of real estate management businesses, which often focus on physical activities such as keeping good lights and a clean foyer.
At CVR we offer our clients the best in residential and commercial real estate sales and leasing in the Central Vietnam marketplace. We have assisted a wide range of businesses, from restaurants and boutiques to IT companies and more. Thinking about moving your current business or opening a new business in Da Nang or the surrounding area? We can help!
8. Fusion becoming a part of Glow Hotels & Resorts
Fusion announces the merger of Glow Hotels & Resorts Thailand, aiming to build Southeast Asia’s leading hotel management and branding system.
Fusion is a pioneer hotel group in the healthcare tourism sector in Vietnam, with 26 hotels with about 4,000 rooms in top tourist destinations in Vietnam and Thailand. while the Glow brand has been developing and operating hotels in Thailand, Malaysia, and Vietnam for many years. After the merger, Fusion will manage the operation of a chain of hotels and resorts with more than 4,000 rooms.
Lodgis Hospitality Holdings, the investor and owner of the Fusion brand, will continue to make financial investments to support the growth of this brand.
This displays an insight into the growth of Fusion, despite Covid.
Successful investors know that having a team of trusted advisors is key! We understand market trends and can help you maximize your investment goals. Contact our team to learn about the professional real estate management services provided by CVR today!
Source: https://vnexpress.net/fushion-sap-nhap-glow-hotels-amp-resorts-4273202.html
As always, CVR is at your service and happy to provide help any way we can!
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