According to real estate experts, although in the recent periods, the price of real estate in all segments in Vietnam has been significantly reduced, in reality, the price can only be seen as a slight decrease from the bubble time long ago. In fact, the property price in many segments is still relatively high, considering to the real demand and supply of the free market as well as the quality of the properties. Real estate price 25 times that of the average income of people
In recent years, though fraught with challenges, Dong Thap province’s industrial parks (IPs) and economic zones (EZs) have been still operating effectively, contributing greatly to local socio-economic development. Currently, Dong Thap has received approval from the Prime Minister to expand and establish 7 new IPs and is calling for investment in infrastructure for those IPs.
A number of real estate companies and experts were quoted by New York Times as saying that Vietnam’s beleaguered property market is bottoming out just as macroeconomic indicators stabilise and the Party makes new pledges to reform a struggling and corruption-riddled banking sector.
The real estate markets in Hanoi and Ho Chi Minh City are facing many similar difficulties and the businesses operating in this sector are on a diminishing belief, but the two localities have different approaches.
While Vietnam's real estate market continues to "plunge”, many local investors are trying to find a way out of the market; by contrast, the real estate market is drawing great attention from foreign investors in addition. This signals a sharp trend of buying and selling and mergers and acquisitions (M & A) in the real estate sector in the future.
The unmet demand of residential market and the oversupply of the current commercial market reflect the ineffective allocation of investment and the limitation of building design and management capacity. In the near future, when newly finished projects enter the stock, pricing and information transparency will be the key factors deciding the movement of the market.