Week 13/2022 – Central Vietnam Real Estate News Summary
In this weekly or sometimes bi-weekly news flash – CVR: Central Vietnam Realty will provide a choice of articles from mainly Vietnamese media sources related to the real estate market in Vietnam.
We will be focusing on issues related to Da Nang and Hoi An, while also looking at national news and their possible impact on Central Vietnam’s property market.
You will find a summary, a link to the source as well as CVR’s take on the article.
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1. Danang resort real estate recovers thanks to tourism
In the first quarter of 2022, the recovery of tourism will lead to new high-quality projects. A series of large corporations announced new hotel and resort projects or proposed investments.
A series of large-scale resort projects were announced in the first months of this year. Including Fusion with Fusion Resort & Villas Danang project. This is a product invested by Lodgis Hospitality, a hotel investment group born through a joint venture between Warburg Pincus and VinaCapital.
On March 22, 2022, Fusion Resort and Villas Danang held a ground-breaking ceremony, starting the construction of an 18-story Fusion hotel block with 157 rooms (182 bedrooms). The hotel marks the last step of the Fusion Resort project to be set in motion as the Phase I villas are nearing completion and Phase II villas are well underway. Following that success, phase 2 of the project is expected to be launched in the second quarter of 2022 with 41 villas, promising to continue to attract attention from the market.
Fusion Resort and Villas Danang project page with additional information.
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2. Which real estate segment has the opportunity to gain more profit in 2022?
Commenting on the real estate segment that will take the throne in the near future, some experts said that real estate near industrial zones is benefiting from the strong FDI inflow into Vietnam, especially the provinces that are appearing very quickly. many industrial zones. Therefore, real estate near industrial zones is a segment worth investing in.
In addition, investors can buy land near the city, or close to the city center. Currently, the urbanization rate in Vietnam is 35%, lower than that of other countries in the same region. This is also a segment worth paying attention to when investing.
Regardings the resort real estate segment, experts also said that real estate investment related to tourism is a promising direction. Although Covid-19 makes resort real estate difficult, Vietnam resort real estate possesses many advantages that are not available everywhere. With the advantage of a long coastline, beautiful natural scenery but not yet fully exploited, Vietnam’s resort real estate will explode strongly in the future when the epidemic is under control. “With resort real estate, investors need to hit hard on real estate to exploit cash flow in the future”, the expert emphasized.
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3. Big investors keep pouring money into industrial real estate
- Industrial real estate has continuously grown strongly in recent years, especially in the years when the market was heavily affected by Covid-19 which caused many big players in real estate and other fields to plan to invest heavily in this segment.
Rents and occupancy rates increase
Two years of the pandemic caused many segments and markets to face many difficulties. However, industrial real estate still recorded extremely positive numbers. The occupancy rate of industrial real estate in some provinces in the Northern key economic region and the Southern key economic region is generally quite high.
A series of giants investing in industrial real estate
The strong development of industrial real estate even in the context of the complicated pandemic over the past 2 years has made many real estate giants (Vingroup, Hoa Phat, Phat Dat, SSI) who only specialize in residential and resort real estate development but now have been aggressively investing in this segment.
The fact that many big companies pour money into industrial real estate with large-scale projects shows the great potential of industrial real estate now and in the future. The continuous increase in FDI inflows into Vietnam will be an important foundation for the stronger development of this segment in the future.
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4. Which real estate segment “speeds up” thanks to the resumption of flight routes?
The industrial real estate market has recorded positive growth signals, becoming a prominent field attracting FDI capital to Vietnam. The decision to open the airport on March 15 will help foreign-invested enterprises to access industrial park projects in Vietnam more easily. This will create a step by the big process of this song in 2022.
There are many reasons for the attractiveness of the industrial real estate industry in Vietnam.
Compared to neighboring countries in the region, Vietnam is in a rather favorable position: Real estate prices are still relatively affordable, The legal framework is relatively simple, businesses also feel comfortable investing in and working in Vietnam. Industrial real estate in our country has a relatively reasonable price, has many reputable real estate developers with appropriate legal policies. In addition, other factors such as population, working population, labor costs, convenient transportation network, and accessibility to international ports and airports, in order to serve export Import of finished products and products.
In addition to these favorable conditions, the right policy planning from the central to local levels also creates the attractiveness of Vietnam. As a result, many new companies are entering the market due to tax incentives in key economic areas.
Why it is important: With the return of international flights on March 15, a boom in foreign investment can be expected with many new projects being signed, especially manufacturing plants and warehouse logistics. in the coming months.
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5. Quarter 1, 2022: The number of international visitors is “going upstream”, growing over 400%
The Civil Aviation Authority of Vietnam has just sent a report to the Ministry of Transport on the situation of domestic and international air transport operations: The number of international passengers operated by Vietnamese airlines witnessed a spectacular “backstream” in the first quarter, with an increase of 441% over the same period last year
Domestic tourism recovers attract 6.5 million visitors
Vietnamese airlines are allowed to operate flights with a frequency according to market demand and capacity. As of March 2022, there are 6 Vietnamese airlines in the domestic market, currently operating an average of 55-60 domestic routes connecting Hanoi, Da Nang, and Ho Chi Minh City. Ho Chi Minh City with 19 local airports following the nationwide network of trunk-nan, inter-regional and intra-regional routes.
International Passenger Number “Explodes”, waiting for 8 countries to re-continue flight with Vietnam
In January 2022, it will operate routes to Japan, Korea, China, and Taipei (China), and routes to 9 other markets such as Singapore, Thailand, Cambodia, Laos, the United States, France, and Germany. , UK and Russia are operated with increasing frequency according to the schedule right in February and deployed to airlines to fully open after March 15.
As of March, the international aviation market has 23 foreign and Vietnamese airlines including Vietnam Airlines, Vietjet Air and Bamboo Airways, operating to/from 20 countries and territories
Why it is important:
The reopening of routes creates favorable conditions for international passenger transport to be smooth and domestic passenger transport to be restored, contributing to an increase in international passenger and cargo transport volume in the first quarter.
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