NOVEMBER 2021 CENTRAL VIETNAM REAL ESTATE NEWS SUMMARY
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 at 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.
Content
1. Quy Nhon – The center of attraction of investors in the Central region
2. Da Nang exchanged MOUs, investment cooperation with Sumitomo Group and BRG
3. What are the factors customers are most interested in when investing in real estate today?
4. Diversify new resort real estate models in Danang
5. Covid-19 improves the transparency of the Vietnamese real estate market
6. The real estate sector is forecasted to thrive in Da Nang in the next 5 years
7. Asiana Danang model apartment design got positive feedbacks from customers
8. Important aspects to focus on when investing in real estate to be able to sell quickly.
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1. Quy Nhon – The center of attraction of investors in the Central region.
With abundant natural advantages and a gradually synchronized transport infrastructure, Quy Nhon is a place of special interest to investors and is an important nucleus to help Binh Dinh develop strongly in the following fields: economic, trade and tourism.
Possessing 72km of the most beautiful coastline out of a total of 134km of Binh Dinh coastline, Quy Nhon is a city with great advantages in developing resort tourism.
Not only enjoying natural incentives, with the planning orientation to become the southern center of the central key economic region, Binh Dinh is invested in synchronous transport infrastructure in terms of roads, railways, and airways, seaways.
Quy Nhon is also a locality with good policies in stimulating tourism demand and socio-economic development. In particular, Quy Nhon’s land fund is still quite large, the land price is not high, so it attracts the attention of investors.
Quy Nhon was also named one of the top ten warm spots to relax in the winter by The Guardian (UK).
It is important because Quy Nhon is a bright spot for real estate investment in the near future, especially in coastal urban real estate. In addition to the advantages of tourism, the legality and duration of ownership are also being interested by many investors.
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!
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2. Da Nang exchanged MOUs, investment cooperation with Sumitomo Group and BRG
On November 25, continuing activities during the official visit to Japan by Prime Minister Pham Minh Chinh, Chairman of Da Nang City People’s Committee Le Trung Chinh attended the Vietnam – Japan Investment Promotion Conference and awarded a memorandum of understanding, investment cooperation with Sumitomo Group and BRG
For Da Nang, Japan has been and is an important partner in investment and trade, one of the key markets that the city is focusing on calling for investment.
Japan is currently the country with the largest total investment capital in the city with more than US$ 985 million and 216 projects, accounting for 25.5% of the city’s total FDI investment, focusing on manufacturing, information technology, real estate – tourism, services, research and development
The city government is committed to creating all favorable conditions for Japanese investors to set up and effectively implement projects in Da Nang.
As Da Nang continues to develop into a major economic center and international destination, CVR can help you find suitable real estate that fits your specific needs whether it’s for a business or new home. Interested in learning about opportunities in Central Vietnam? Contact the CVR team today!
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3. What are the factors customers are most interested in when investing in real estate today?
Looking forward to finding a place to live, but many buyers are annoyed by dozens of problems during the construction process, come to receive houses to live in, and then wait for the pink book to be issued. In particular, the core issues come from 3 factors: construction quality, legal documents and handover materials.
Build quality. This is a factor that ensures the sustainability of the project in the long run. The quality of construction is not only determined by the materials, but also by who the construction unit is (experience, high technology, operating capacity, …). The choice of construction unit almost determines the quality and progress of construction.Legal documents. Up to now, there are many projects that have not been completed legally and are still open for sale.
Handing over materials. There are many projects handing over finished houses, but the materials handed over are not the same or have the same nature as the commitment, surprising buyers. To avoid these cases, the buyer needs to pay attention from the very beginning to how the contents of the Sale and Purchase Contract about the handover materials are binding.
It is important because there are many apartment projects that are not yet eligible for sale but still conduct transactions, posing many potential risks to customers.
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4. Diversify new resort real estate models in Danang
In addition to reopening to international visitors, new tourism trends such as staycation and workation are adding to the attraction of resort real estate in Danang.
The trend of staycation, work is in the trendThe actual survey of many market research firms shows that the Covid pandemic has had a significant impact on the enjoyment, investment and standards trends of many people. Adults put first priority in the search for a healthy, close-to-nature life with many amenities so that they can enjoy life and work results, and can also start long-term counseling . Following that trend, resort real estate meets safety and health-oriented criteria and satisfies the growing demand for an “all-in-one” experience.
According to the representative of Savills Hotels Asia Pacific, up to 85% of domestic tourists, especially the younger generation (Millennials and Gen Z) love the trend of travel to experience staycation (travel without having to go). away) and workation (long vacation combined with working days), especially in the context that many companies still continue to maintain the mode of working and meeting online at home instead of going to the office.
This trend has paved the way for trendy, creative and trendy resort models, to meet the needs of the “All-in-one ” experience of tourists and the owner’s requirement for a second home for investors.
Danang resort real estate is vibrant again
When Vietnam opens the window with new normal status, the project will get a wave of travel back. Danang is also selected as one of the first five cities welcoming international tourists. As a result, Danang will have the opportunity to recover the green industry in the shortest time.
As Da Nang continues to develop into a major economic center and international destination, CVR can help you find suitable real estate that fits your specific needs whether it’s for a business or new home. Interested in learning about opportunities in Central Vietnam? Contact the CVR team today!
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- Source:https://batdongsan.com.vn/tin-thi-truong/da-dang-nhieu-mo-hinh-bat-dong-san-nghi-duong-moi-tai-da-nang-ar107893
Build quality
The trend of staycation, work is in the trend
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5. Covid-19 improves the transparency of the Vietnamese real estate market
In the past two years, Covid-19 has affected all aspects of life, we are forced to change from the way we study, work, and live… to adapt to the general context. After two years of facing the Covid-19 epidemic, in the real estate sector, the digital transformation helps the real estate market develop more transparently.
The 5 main trends of digital transformation in the real estate industry are as follows:
Firstly, the proliferation of online trading platforms, like e-commerce for the real estate industry.
Second, promote automation and digitization in the way of real estate project management.
Third, technologies such as AR, 3D, virtual reality, augmented reality, … are thoroughly applied to projects and products related to the real estate market.
In addition, real estate companies themselves have been transforming themselves, through thoroughly digitizing documents, optimizing processes, and thoroughly applying automation in internal processes.
Referring to digital transformation, it is impossible not to mention data, the real estate industry is no exception, data science and artificial intelligence such as AI, … are all strongly applied trends in this industry.
These trends will help the market to develop transparently in the post-Covid time.
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!
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6. The real estate sector is forecasted to thrive in Da Nang in the next 5 years
A recent report said that Da Nang is currently among the top 20 markets in the world for luxury real estate.
The luxury real estate market recorded a growth rate of 230% over the past decade. Currently, the world has about 100,000 apartments in this area.
Supply is forecast to nearly double by 2026, associated with an increase in the number of active brands, from 69 brands in 2011 to 133 brands in 2021.
Around the world, branded real estate has developed successfully in big cities as more and more people have a need to own branded real estate. Brands increase the value of the real estate in terms of management, service, location, and excellence. In Vietnam, luxury real estate initially appeared in resorts and beach villas.
Da Nang has many luxury apartment projects with very reasonable prices. This segment is attracting many domestic and international investors.
As Da Nang continues to develop into a major economic center and international destination, CVR can help you find suitable real estate that fits your specific needs whether it’s for a business or new home. Interested in learning about opportunities in Central Vietnam? Contact the CVR team today!
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7. Asiana Danang model apartment design got positive feedbacks from customers
Customers from all across the country are drawn to the Asiana Danang model apartment because of its elegant and comfortable design style.
As the first development project on the Nguyen Tat Thanh sea route, Asiana Danang takes advantage of its location and feng shui to provide a standard resort life right in the heart of Vietnam’s most “worth-living” metropolis.
Located at the gateway to the Northwest, Lien Chieu District, Da Nang city, Asiana Danang is a long-term apartment project, featuring two tallest towers in the area, with 99% of apartments with direct views. Danang Bay. The project promises to bring homes worthy of sophisticated owners, knowledgeable in lifestyle. CVR is the project distributor that will support and accompany customers to bring a high-class living space in Asiana Danang.As Da Nang continues to develop into a major economic center and international destination, CVR can help you find suitable real estate that fits your specific needs whether it’s for a business or a new home. Interested in learning about opportunities in Central Vietnam? Contact the CVR team today!
Source:https://vnexpress.net/thiet-ke-can-ho-mau-asiana-da-nang-duoc-long-khach-hang-4380492.html
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8. Important aspects to focus on when investing in real estate to be able to sell quickly.
The real estate market is still turbulent because the pandemic isn’t totally under control. To make a final decision, each investor must rely on their knowledge and experience. The market’s true demand is still very high.
Investors should target the mid-end segment rather than high-end and luxury, with specific products such as apartments and townhouses. Investors should target the segment with large demand and easier liquidity for those who want to sell soon.For speculators, it’s impossible to “surf” the market at the moment, there are also not many products to choose from. Therefore, investors must be cautious as well as re-evaluate investment strategies of medium and long-term investments.
Not everybody wins the game of land investment. It would be better to do investment with well-inform projects which have adequate paperwork and choose those which had the pink book issued. A stronger and more transparent market means more opportunities! Considering investing in a new construction development project in Central Vietnam? Contact the CVR team for more information on current and upcoming opportunities.
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Located at the gateway to the Northwest, Lien Chieu District, Da Nang city, Asiana Danang is a long-term apartment project, featuring two tallest towers in the area, with 99% of apartments with direct views. Danang Bay. The project promises to bring homes worthy of sophisticated owners, knowledgeable in lifestyle. CVR is the project distributor that will support and accompany customers to bring a high-class living space in Asiana Danang.
Investors should target the mid-end segment rather than high-end and luxury, with specific products such as apartments and townhouses. Investors should target the segment with large demand and easier liquidity for those who want to sell soon.As always, CVR is at your service and happy to provide help in any way we can!
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