Home Real Estate

Industrial land prices rise to new peak in south

Jul 4th at 14:23
04-07-2021 14:23:47+07:00

Industrial land prices rise to new peak in south

Industrial land rentals have risen to a new peak of $113 per square meter in five southern localities following a 7.1 percent year-on-year rise in the second quarter.
An industrial park in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.

The five localities are Binh Duong, Dong Nai, Long An, and Ba Ria–Vung Tau provinces and Ho Chi Minh City which are home to many industrial parks, according to report by real estate consultancy JLL.

Vietnam's economic performance gives industrial real estate great potential and attracts manufacturers, JLL said. The country's GDP growth in the first half shot up to 5.64 percent.

Major infrastructure works such as the Phan Thiet – Dau Giay Expressway and Bien Hoa – Vung Tau Expressway are set to boost demand for industrial lands further in future, and rents would therefore continue to rise.

Ready-built factory prices rose by 0.5 percent year-on-year to $4.5 per square meter as supply remained stagnant due to Covid-19 concerns.

Vnexpress

MOST READ

NEWS SAME CATEGORY

New high-end apartment supply up 120 pct
REAL ESTATE Jul 2nd at 09:56

New high-end apartment supply up 120 pct

In the first six months, 7,040 new high-end housing units were launched in HCMC, up 123 percent year-on-year, accounting for 59 percent of new supply.

Standing out in Vietnam’s 2021 real estate market
REAL ESTATE Jul 2nd at 09:02

Standing out in Vietnam’s 2021 real estate market

The recent formation of Thu Duc City under Ho Chi Minh City has sparked interest across all sectors, from economy and finance to culture and society.

Grand Marina pioneers branded residences in Vietnam
REAL ESTATE Jun 30th at 15:47

Grand Marina pioneers branded residences in Vietnam

Jason Turnbull, deputy managing director and CFO of project developer Masterise Homes, highlighted some achievements of the ultra-luxury branded residence project.

Nha Trang hotels up for sale as Covid puts paid to tourism
REAL ESTATE Jun 28th at 09:06

Nha Trang hotels up for sale as Covid puts paid to tourism

Hit hard by the successive waves of Covid-19, hotel owners in tourism hotspot Nha Trang are putting up their properties for sale on realty forums.

HCMC apartment rents continue to fall amidst pandemic
REAL ESTATE Jun 27th at 22:03

HCMC apartment rents continue to fall amidst pandemic

In the past two months, rental prices for apartments in HCMC have dropped by a further 10 to 15 percent due to Covid-19 impacts.

Taxing vacant property key to address speculation: Experts
REAL ESTATE Jun 27th at 22:01

Taxing vacant property key to address speculation: Experts

A higher tax rate for land use proposed by Hanoi's authorities would naturally reduce speculation and hoarding of land resources, in turn ensuring the healthy...

Real estate FDI surges 35 pct
REAL ESTATE Jun 26th at 14:07

Real estate FDI surges 35 pct

Foreign direct investment in real estate during the first six months rose 35 percent year-on-year to $1.15 billion, ranking third in all sectors.

Companies in Asia Pacific willing to pay more to lease green buildings: JLL
REAL ESTATE Jun 26th at 14:00

Companies in Asia Pacific willing to pay more to lease green buildings: JLL

Seventy per cent of Asia Pacific corporations are willing to pay a rental premium in future to lease sustainability-certified buildings, a recent report by JLL has...

Real estate market expected to recover when virus is under control
REAL ESTATE Jun 26th at 13:59

Real estate market expected to recover when virus is under control

The COVID-19 pandemic has caused a slowdown in the property market but many experts believe this is only temporary and are pinning their hopes on a rebound once the...

Land inquiries, transactions down 20 pct
REAL ESTATE Jun 25th at 10:40

Land inquiries, transactions down 20 pct

The number of land inquiries and transactions in suburban HCMC and neighboring provinces decreased by 15-20 percent in May due to the Covid-19 outbreak.

Read More

Real estate stocks

Construction stocks

MOST READ

Back To Top