1. 
   

   1. Shifting Perspectives: Recognizing Apartments As Assets In Urban Real Estate Markets.

2.  

3. 

The real estate market in major urban areas like Hanoi is experiencing a shift in perspective, with buyers increasingly recognizing apartments as valuable assets rather than consumables. Savills’ report for Q1 2024 highlights a significant increase in apartment supply, primarily focused on Grade B units. However, there remains a shortage of Grade C products priced below 30 million VND/m2, representing only 4% of new supply and selling out quickly.

The annual natural demand for housing in cities like Hanoi and Ho Chi Minh City stands at around 50,000 units due to factors like immigration and changing household structures. This demand is unmet due to limited supply, resulting in pent-up housing demand. Economic factors like fluctuating gold markets and low interest rates are also driving investors towards apartments.

Buyers with real housing needs find apartment prices more reasonable than villas or townhouses, contributing to increased demand and prices for primary segment apartments. The secondary market has also seen growth in transactions and prices.

There has been a shift in buyer mentality towards viewing apartments as assets, prompting quicker purchase decisions. Infrastructure development in neighboring provinces like Hung Yen and Bac Ninh is making these areas viable alternatives with lower-cost housing options, meeting the demand for affordable housing.

Source: cafef.vn

2. Latest Regulations On Mini Apartments: Allowing Pink Living From 2025.

What is a Mini Apartment? In Clause 2 and Clause 3, Article 3, Housing Law 2014, specifically:
“2. Individual houses are houses built on separate plots of land under the legal use rights of organizations, households, and individuals, including villas, townhouses, and independent houses. create.
3. An apartment building is a house with 2 or more floors, with many apartments, with common walkways and stairs, with private ownership, common ownership and a common infrastructure system for households. families, individuals, and organizations, including apartment buildings built for residential purposes and apartment buildings built for mixed-use purposes for residence and business.”

Will Mini Apartments Be Issued Pink Books?
According to the Housing Law 2023, mini apartments will be issued pink books.
Clause 2, Article 57 of this Law clearly states: “The apartments specified in Clause 1 of this Article are issued with Certificates by the provisions of land law, sold, leased to purchase, and leased by the provisions of this Law. , the law on real estate business.”

Source: batdongsan.com

3. The IT Outsourcing Industry Supports Office Real Estate.

The growing market for software outsourcing and information technology services is contributing to strengthening the ability to absorb and maintain prices for offices. The report “Asia-Pacific horizon, exploiting offshore potential” recently released by real estate services firm Knight Frank (UK), ranked Vietnam in the group of 4 best markets along with India, Philippines and Malaysia for offshore services. Offshore – the practice of operating one or more parts of a business overseas, often by outsourcing.

In offshore services, Vietnam is a popular choice for information technology outsourcing, including software and services. According to Knight Frank, the need to outsource customer service, data entry and software programming is increasing. The attraction of Vietnam’s IT outsourcing market is thanks to cheap, well-qualified labor and developed information technology infrastructure. According to Knight Frank, combining these factors with office rent, accounting for 10-15% of operating costs, is cheaper than major cities in India in the next three years, helping firms increase the value of their business costs. business when ordering processing in Vietnam.

According to a survey by a real estate consultant on leasing transactions in the first 3 months of the year, the contracts mainly come from the expansion and relocation of businesses in the finance, banking, insurance and information-communication groups. communications (ICT), distribution, manufacturing and consulting. In particular, the distribution, ICT and finance groups maintain a market share of 88%. In Hanoi, Grade A office rent increased by 0.7% compared to the end of 2023, reaching 29.2 USD per m2 per month, while Grade B office rent was at 14.5 USD per m2.

Source: vnexpress.net

4. Emerging Trends In Real Estate Markets.

The real estate market in Hanoi and Hai Phong is showing signs of improvement, with land prices in Hanoi and surrounding areas ceasing to decline and even increasing by up to 40% compared to the market’s most challenging period. The Vietnam Association of Real Estate Brokers (VARS) report for Q1 2024 provides detailed insights into specific market developments across the country.

In the Northern Midlands and Mountains, new projects offering attractive incentives have stimulated market demand, with an absorption rate of over 40% and stable primary prices. In the Northern Coast, Hai Phong’s real estate market continues to improve, with stable apartment transactions and increasing prices for land and townhouses under 5 billion VND.

In Hanoi and its surroundings, the real estate market is becoming more active, driven by increased transactions for apartments and houses, particularly those priced under 3 billion VND. Land prices have stopped falling, with significant increases seen in suburbs and provinces. The report also notes positive signals in other regions like Dak Lak, Khanh Hoa, and Ho Chi Minh City, each experiencing unique trends and improvements in market conditions.

Source: cafef.vn

5. Implementation Of The 2024 Land Law: Cases For Revocation Of Land Use Certificates.

The article announces the implementation of the 2024 Land Law and the cases in which the government will revoke land use certificates (red books) under this law. According to Article 152(2) of the 2024 Land Law, there are cases in which the government can revoke issued land use certificates.

The cases include:

The government revokes all land areas recorded in the land use certificate, ownership certificate of residential houses and land use rights, ownership certificate of residential houses, ownership certificate of construction works, land use certificate, ownership rights of residential houses and other assets attached to the land, land use certificate, ownership rights of assets attached to the land that have been issued. The government issues new land use certificates and ownership certificates of residential houses and land use rights, ownership certificates of residential houses, ownership certificates of construction works, land use certificates, ownership rights of residential houses and other assets attached to the land, land use certificates, ownership rights of assets attached to the land for individuals using the land and owners of assets attached to the land who register changes in land use and assets attached to the land that require the issuance of new certificates.

The issued certificates are not within the jurisdiction, not for the intended land users, not for the correct land area, not meeting the criteria for issuance, not for the intended land use purpose or land use term, or not by the land laws at the time of issuance. The issued certificates are annulled by the competent court. In cases of auctioning and transferring land use rights or assets attached to the land as required by the court or enforcement agencies, individuals who are obligated to comply with court orders fail to submit the issued certificates.

The article also mentions that the 2024 Land Law was officially passed during the extraordinary 5th session of the 15th National Assembly. Recently, the Prime Minister issued Document 202 proposing that the 2024 Land Law take effect from July 1, 2024, to expedite its implementation.

Source: cafef.vn

1. 1. As always, CVR is at your service and happy to provide help anyways we can!

       

      Contact Us today to find the real estate investment in Da Nang that is right for You.