AusCham collaborates with Cushman & Wakefield for real estate symposium
AusCham collaborates with Cushman & Wakefield for real estate symposium
The Australian Chamber of Commerce in Vietnam (AusCham) will partner with Cushman & Wakefield to organize the Vietnam Real Estate Symposium 2019, which will take place on September 12 at the Sofitel Saigon Plaza in HCMC.
The organizer said the 7th premier real estate symposium will gather the leading industry players to collaborate and share market insights.
At the event, directors and experts from Vietnam’s real estate industry will provide key observations, analyses and predictions on the future of the market.
Commercial and residential real estate markets in Vietnam’s largest cities and adjacent provinces have boomed in recent years, leading to more domestic and foreign investment in Grade A and luxury properties.
This year, the organizing board will continue its mission to create the country’s go-to event for commercial, industrial and residential real estate in Vietnam.
Vietnam’s property market has steadily recovered since the difficulties of the 2009-2013 period, particularly within the residential sector. The surging demand for residential property has led to a high absorption rate of 70%-80% of new supply (with 30,000-40,000 new apartment units available each year).
Markets in provinces surrounding HCMC, Hanoi and Danang have subsequently prospered as well. Foreign participation and investment continues to grow due to project cooperation, mergers and acquisitions and direct financing, while domestic and foreigner buyers have driven interest in Grade A and luxury apartments and spurred new models for real estate development.
While the outlook for 2019 and beyond is promising, previous years have demonstrated that markets are not definitively predictable. To prevent the risk of a new bubble, it is vital to consider the necessary procedures and policies to avoid market overheating, experts said.
For these reasons, 2019’s Vietnam Real Estate Symposium will focus on “What’s Next.” The exclusive event will be limited to 200-300 attendees, including local and regional developers, domestic and foreign large-scale investors, multinational companies and government representatives.
