Vietnam Property Outlook 2018 unveils latest real estate trends
The 526-page Vietnam Property Outlook 2018 will be published in English and Vietnamese on January 9, providing a comprehensive look at the Vietnamese real estate market and honouring top developers.
As the Vietnamese economy continues on its recovery trend and the legal framework is essentially completed, the property market is poised for strong growth in quality in 2019.
A notable trend in the coming months is new standards on product quality and consumer demand, striving towards smart development, sustainability, convenience, international quality, and consumer-centric architectural design. At the same time, new, innovative products with unique designs capture the attention of potential buyers.
Continuing from previous years, land plots, villas, and townhouses are expected to retain their popularity among buyers in 2019. Hospitality real estate is also likely to be a popular choice, thanks to Vietnam’s steady stream of international and domestic tourists, which is expected to grow by 30 per cent annually.
It seems that liquidity for real estate products in Ho Chi Minh City is declining due to the limited supply that cannot meet soaring demand. Meanwhile, other provinces such as Long An, Dong Nai, Quang Ninh, Haiphong, and Lao Cai are witnessing a property boom, earmarking these provinces as the next top destinations for investors, developers, and consumers from both Vietnam and overseas.
The source of funding for developers is also becoming less reliant on bank capital because of rising interest rates. Other options are being explored by developers and buyers, including the use of their own capital. Industry experts believe that these trends will continue to shape the real estate market in 2019 and future years.
Architectural projects and real estate products that are innovative and standard-setting, providing residents with higher standards of living and stronger community values will continue to be appreciated. This is especially true as consumers nowadays value living quality and sustainability above everything else, and climate change prompts developers to focus on eco-friendly projects. At the same time, Industry 4.0 is changing all aspects of modern life, including real estate and architecture.
Themed TRENDSETTERS FORGE AHEAD, Vietnam Property Outlook 2018 is a 526-page bilingual publication and will look at all major trends in the real estate industry. To recognise the efforts of developers in building innovative and high-quality projects in Vietnam, the Outlook includes a special section on the 36 leading projects that won the “LEADING THE TREND” poll, voted by a whopping 1.3 million readers on VIR’s websites throughout the past months.
Thanks to the overwhelming attention from readers, the winners of this year’s poll will set a gold standard for Vietnam’s real estate developers.
A copy of Vietnam Property Outlook 2018 will be available for VND150,000.