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REAL ESTATE MARKET UPDATE FOR Q2-2020

Posted by admin on 08/30/2020
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( Vietnamese version available )

 

Vietnam’s economy overview

According to JLL report Q2-2020:

  • As the impact of Covid 19 on global socio-economy, Vietnam also faced many challenges.
  • Particularly, in the second quarter 2020, the y-o-y GDP growth rate was expected to be the lowest throughout all second quarters in the period of 2011-2020.

Source: JLL Property Market Brief 2Q2020

 

However, Vietnam’s economic performance has well revealed a positive prospects and gradual recovery among Asian countries. Until June 2020, FDI has been increasing.

  • The total foreign direct investment (FDI) into Vietnam in the first half of 2020 reached US $15.67 billion.
  • Registered investment from manufacturing industry took the lead of
    all 18 invested business sectors.
  • New chances open for Vietnam, especially the new direction in manufacturing method of textile industry in accordance with the demand of consumers in EU.

 

HCMC real estate market Q2-2020

The price level of property in Vietnam in general and HCMC in particular, yet increasing due to the decrease of new launch supply, is still at the bargaining level compared to others countries in the region like Thailand or Singapore and expected to continues rising in the future.

Source: CBRE Releases Market Updates For Q2 2020

 

With this level after the pandemic, prices of property are closest to the reality along with the ability to recover of the economy and the estimated significant increase of price in the future, which opens greatly profitable potentials of the investments in real value but not the virtual one.

 

The spotlight of HCMC real estate market to mention is the establishment of the new city Thu Duc made up of Thu Duc District, District 2 and District 9. The East of the city is navigated towards the new urban area, the multifunctional complex catching up with the innovative trend in the world by implementing modern technology and digitalization in city management as well as industry. Here will also develop as a new economic and technological center of HCMC.

 

Recommendation of top property investments

View in detail real estate market updates and our recommendation of top property investments via this link: ENG – Recommendation of top property investments (August 2020)

 

Follow Vietnam Property Investment on fanpage and website in order not to miss any information regarding real estate market and attractive property investment opportunities.

 

Contact us to receive detailed consultancy and instructions to invest profitably:

Ms. TRACY VU

☎️ Tel: (+84)983121511

📲 Message: Zalo , Facebook, WhatsApp

📩 Email: trang.vu@era.com.vn

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