OCTOBER 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. Should I buy a house after the lockdown?

2. With high demand, the real estate market will soon be back to its “new normal” status

3. Da Nang is about to auction 200 residential plots and two land plots near Vinco

4. With the epidemic still affecting, is there a chance for industrial real estate in Viet Nam?

5. Da Nang strongly covers “Vaccine Passport”, a good signal for Real Estate and Tourism

6. Prospect of coastal resort property end of 2021

7. Vietnam government agrees with the set of criteria for recognition and use of vaccine passports

8. Real estate market after the lockdowns

5. 1. Should I buy a house after the lockdown?

– According to the survey data of the Vietnam Real Estate Brokers Association after the first outbreak, the interest in the market increased by 306%, after the second phase increased by 62%, and after the third phase increased sharply by 378%. After the 4th epidemic, there is no exception.

– The post-pandemic context is the time when investors have the opportunity to find reasonably priced real estate. According to analysts, real estate is still one of the relatively safe asset storage channels. In which, the affordable housing segment that meets real housing needs still plays a key role and develops sustainably.

– Regarding the demand for settlement, experts say that this is a favorable time for the group of customers with real housing needs, because of attractive incentives and stimulus policies from investors. The epidemic has also caused speculation activities to be “killed”, buying houses at this time will not be affected by fevers or waves of speculation pushing prices.

– Re-starting business after the gap, real estate developers and investors also offer many good sales policies. In particular, the preferential payment methods and after-sales care of many investors show that the market has changed policies, repositioned products and opened up opportunities for buyers.

It is important because after responding to the epidemic, it became clear about the importance of a place to live. Therefore, planning to buy a house, locating affordable projects is what urban residents need to do as soon as the epidemic is under control.

Interested in learning about investing in Central Vietnam? With a decade of experience, we’re your number one resource for residential and commercial real estate opportunities in and around Da Nang. Contact the CVR team today

Source: https://batdongsan.com.vn/tin-thi-truong/co-nen-mua-nha-sau-gian-cach-ar107748

6. 2. With high demand, the real estate market will soon be back to its “new normal” status

Reduced trading doesn’t come from falling demand

– Under the impact of the Covid-19 pandemic, especially the 4th outbreak, real estate is one of the industries that are heavily affected and damaged.

– During the gap period from June to October, more than 70% of exchanges experienced difficulties, only about 30% of exchanges operated at about 50% capacity. The market was hurt and buyers plummeted. However, despite the difficulties, real estate businesses are still flexible and proactive in finding adaptive solutions through technology platforms, through project introduction on social networking platforms. Many projects seek to transact online… These are adaptive solutions to help the market not completely freeze during the lockdown.

Buying power and capital inflows in real estate still increase

In the past, when there was a problem, the demand immediately dropped. But in this pandemic, the market’s decline in transactions came from a supply shortage, not from a decline in home buying demand. The second difference is that real estate prices do not decrease during the epidemic. Real estate prices in many segments in the first 9 months of 2021 still increased by an average of 9-17% over the same period, this reflects the real purchasing power of the market is still large, especially in the apartment segment.

The economic factor of Vietnam is forecasted to recover quite quickly, it will be like a spring bouncing up strongly after repression and the real estate market will also follow this rebound. In the fourth quarter of 2021, the economy is forecasted to recover with a growth rate of about 4% and the whole year growth rate of about 2.5%.

Particularly, capital flows into real estate, even in the epidemic situation, real estate investment capital flows still grew strongly.

Source:https://batdongsan.com.vn/tin-thi-truong/nhu-cau-mua-van-cao-thi-truong-bds-se-som-binh-thuong-moi-ar107737

3. Da Nang is about to auction 200 residential plots and two land plots near Vinco

Mr. Le Trung Chinh, Chairman of Da Nang City People’s Committee recently signed a decision approving the list of land funds for land use right auction (phase 2) in 2021 in the area.

The city will auction 100 plots of resettlement land located at the junction and intersection in Residential Area No. 1 of Nguyen Tri Phuong – Truong Sa urban area, Hoa Cuong Bac ward; residential area 494 Nui Thanh, Hoa Cuong Nam ward; Part Lang 1 residential area, An Khe Ward,…and auction 100 plots of land in Nai Hien Dong Resettlement Area; The resettlement area at the beginning of Son Tra – Dien Ngoc route; Northern residential area Southeast bus station,…

Also according to the decision, Da Nang will put two land plots in the center, near Vincom, Dragon Bridge, and Han River to auction. Specifically, the land area A1-2-1 is about 10,379 m2 in An Hai Bac ward, Son Tra district; A2 land area with an area of ​​​​about 2,144 m2 in Nam Duong Ward, Hai Chau district.

This will act as an impetus to boost investment potential, a good opportunity for investors to choose products and promote city development. 

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!

Source:https://vietnambiz.vn/da-nang-sap-dau-gia-200-lo-dat-o-va-hai-khu-dat-gan-vincom-20211020162928225.htm?

6. 4. With the epidemic still affecting, is there a chance for industrial real estate in Viet Nam?

Effective disease control has helped Vietnam to attract investors in 2020, but the fourth wave of epidemics threatens the economy and development as well as attracting investment in industrial zones. Experts believe that only a few investors temporarily transfer orders to other countries rather than close their factories in Viet Nam.

The average industrial land rent in HCMC is still at $175 USD/sqm/term, equivalent to the first 6 months of 2021, the occupancy rate is 85% in most industrial parks. .

In Hanoi, according to Colliers Vietnam, in the last quarter, the average asking price for land in Hanoi was still at  $140 USD/sqm/term and the occupancy rate was around 90%.

Although the economy was affected by the pandemic, there are still positive signs from FDI and some large investors still expanded their business activities in the third quarter. Specifically, Quantum Group has just signed an agreement with the Kinh Bac Group to invest  US$20-30 million for some projects or LG Display Hai Phong increased its capital to US$1.4 billion this year.

In Da Nang, the average asking price is about 90 USD/m2/term with a high occupancy rate, stable at 85%. The local government has not yet planned to expand or develop new industrial zones.

“In the post-epidemic period, especially when domestic flights have been restored to their pre-epidemic levels and international flights are coming soon, foreign investors (FDI), as well as domestic businesses, will continue to expand production lines and investment in Vietnam” I believe.

Source:https://cafef.vn/dich-van-con-anh-huong-bds-cong-nghiep-lieu-con-co-hoi-20211021104742337.chn

2. 5. Da Nang strongly covers “Vaccine Passport”, a good signal for Real Estate and Tourism

The domestic real estate market is showing signs of prosperity again after the local government-controlled Covid-19. However, investor psychology has changed, every move is carefully calculated.

Many investors who return to the market after the social distancing period have changed their psychology of choosing real estate. Instead of surfing like before, they focus on sustainable investment in coastal riverside projects, or residential areas, which are potential for tourism and business.

Forecasting the market in the fourth quarter of 2021, experts offer promising locations for the tourism real estate segment. Especially in Da Nang, riverside real estate in the past few years has always been a success for investors thanks to the vibrant development of the tourism industry. Up to now, when the city has strongly covered the “passport” of the vaccine, tourism real estate is expected to be in a new normal state, investors can completely return to the game with breakthrough projects.

After the pandemic, people will tend to look for fresher living and relaxing spaces, “all-in-one” comforts. CVR will support, advise and make the best choices for “resort living” with high-class features and standards. 

Check out some of the best beach resort projects in and around Da Nang!

1. 1. 𝑺𝒉𝒂𝒏𝒕𝒊𝒓𝒂 𝑯𝒐𝒊 𝑨𝒏 𝑩𝒆𝒂𝒄𝒉 𝑹𝒆𝒔𝒐𝒓𝒕 𝑽𝒊𝒍𝒍𝒂𝒔 𝒂𝒏𝒅 𝑪𝒐𝒏𝒅𝒐𝒔
2. 2. 𝑻𝒉𝒆 𝑶𝒄𝒆𝒂𝒏 𝑽𝒊𝒍𝒍𝒂𝒔 𝑹𝒆𝒔𝒐𝒓𝒕 𝑫𝒂 𝑵𝒂𝒏𝒈 
3. 3. 𝑫𝒖𝒏𝒆 𝑹𝒆𝒔𝒊𝒅𝒆𝒏𝒄𝒆𝒔 – 𝑮𝒐𝒍𝒇 𝑪𝒐𝒖𝒓𝒔𝒆 𝑽𝒊𝒍𝒍𝒂𝒔 𝒊𝒏 𝑫𝒂 𝑵𝒂𝒏𝒈
4. 4. 𝑻𝒉𝒆 𝑷𝒐𝒊𝒏𝒕 𝑮𝒐𝒍𝒇 𝑽𝒊𝒍𝒍𝒂𝒔 𝑫𝒂 𝑵𝒂𝒏𝒈
5. 5. 𝑳𝒆 𝑴𝒆𝒓𝒊𝒅𝒊𝒆𝒏 𝑹𝒆𝒔𝒐𝒓𝒕 & 𝑺𝒑𝒂
6. 6. 𝑮𝒓𝒂𝒏𝒅 𝑴𝒆𝒓𝒄𝒖𝒓𝒆 𝑯𝒐𝒊 𝑨𝒏 𝑽𝒊𝒍𝒍𝒂 & 𝑹𝒆𝒔𝒐𝒓𝒕
7.  

4. 6. Prospect of coastal resort property end of 2021

Experts predict that, after the socio-economic crisis caused by the Covid-19 pandemic, tourism is one of the most resilient industries. Accordingly, resort real estate will quickly regain its growth momentum, especially in the coastal area.

After a long period of freezing due to the Covid-19 epidemic, tourism activities in many countries around the world began to change when many recovery and development policies were introduced to adapt to the new normal life.

The tourism industry in Southeast Asian countries also received positive signals. Typically, Thailand through the program “Phuket Sandbox” successfully welcomed more than 25,800 international guests, revenue recorded 1,900 million Baht. Or Bali (Indonesia) after easing restrictions, the number of tourists increased more than 10 times compared to the time of the Covid-19 outbreak.

In Vietnam, tourism activities also began to show positive signs from the beginning of September 2021 when many provinces and cities have well-controlled the epidemic. A series of provinces and cities such as Quang Ninh, Khanh Hoa, Ha Giang, Da Nang, Quang Nam, etc. have developed a strategy to develop intra-provincial tourism and developed an expansion plan to welcome local tourists under the “green tourism” campaign. ” as well as ready to welcome international guests.

Notably, the Quang Nam Department of Culture, Sports and Tourism has planned to welcome international visitors in potential and safe markets such as Northeast Asia, Europe, America, the Middle East, and Australia. Quang Nam prioritizes golf, casino, resort, and marine services.

Importance: This would be a signal of tourism recovery and helps the real estate market to develop again in the coming time.

Interested in learning about investing in Central Vietnam? With a decade of experience, we’re your number one resource for residential and commercial real estate opportunities in and around Da Nang. Contact the CVR team today

Source:https://cafef.vn/trien-vong-dau-tu-bat-dong-san-nghi-duong-ven-bien-cuoi-nam-2021-20211013195355773.chn

1. 5. 7. Vietnam government agrees with the set of criteria for recognition and use of vaccine passports

   Recently, Government leaders have agreed with the set of criteria for recognition and use of vaccine passports of countries in Vietnam proposed by the Ministry of Foreign Affairs.

   This means both effective prevention and control of the epidemic while restoring and developing socio-economic; in which the campaign of vaccine passports, health green cards, or digital health certificates is considered a possible solution to gradually open up the economy, especially for industries related to services and tourism.

   The Ministry of Culture, Sports and Tourism of Vietnam is coordinating with relevant agencies to research and develop a pilot plan to welcome vaccinated tourists to Vietnam, in the immediate future, the pilot will soon be implemented in Vietnam. Phu Quoc in the near future

    

   Why it is important:

   The recognition and use of vaccine passports by countries in Vietnam will help Vietnam’s economy open up and recover faster.

2.  

   Source:https://www.vietnamplus.vn/chinh-phu-dong-y-voi-bo-tieu-chi-cong-nhan-va-su-dung-ho-chieu-vaccine/745374.vnp

3. Interested in investing in Vietnam? We cooperate with local and international brands to offer our clients the best opportunities available. Contact our sales team for more information today!

1. 3. 8. Real estate market after the lockdowns

   Most experts believe that after the economy is reopened, the real estate market will initially recover at a slow pace as the epidemic is still not completely relieved compared to the previous period. However, to gain these initial recoveries, it also depends on the speed of the re-opening process: The open economy will also help reduce the inventory of the real estate. 

   

   Benefit from low-interest rates: From now to the end of the year, the real estate industry will depend mainly on two factors: First, most real estate requires a huge amount of credit. In the current context, when the economy is open, inflation is not high, along with the State Bank maintaining the current monetary policy to support the economic recovery, the real estate market will certainly benefit from this low interest rate.

   Second, in the long term, real estate demand in Vietnam is still very high: These are the factors that make real estate prices always increase, if there is a decrease, it is only temporary. When the social distancing situation is eased, economic growth returns, people from the countryside will return to urban areas to look for business opportunities, the real estate market will continue to thrive.

   Why it is important: It helps investors: This information helps investors identify market trends and seize investment opportunities.

   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://vietstock.vn/2021/10/doc-vi-thi-truong-bat-dong-san-hau-gian-cach-145-898015.htm

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