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Five trends identified for real estate market in 2021
Five trends identified for real estate market in 2021

While 2020 is believed to have changed the real estate industry, trends in the sector this year are forecast to sustain or be aligned with demand in the market.

 

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Satellite cities becoming new frontier for real estate
Satellite cities becoming new frontier for real estate

Limited land and slow approval procedures are causing a fall in real estate supply in the country’s major cities, with developers instead flocking to satellite cities both north and south.

 

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Long Thanh International Airport hikes land prices in surroundings
Long Thanh International Airport hikes land prices in surroundings

Starting the construction of Long Thanh International Airport doubled land and property prices in the surrounding areas over a year.

 

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Real estate accounts for 7.6% of Vietnam economy
Real estate accounts for 7.6% of Vietnam economy

Local experts list real estate the most important sector in many countries, including Vietnam.

 

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Saigon underground metro station near completion
Saigon underground metro station near completion

Engineering teams are working to complete Ba Son Station, part of HCMC's Metro Line 1, by the end of the first quarter.

 

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Masterise Homes and Marriott International to bring branded residences to Vietnam
Masterise Homes and Marriott International to bring branded residences to Vietnam

The signing ceremony between Masterise Homes and Marriott International took place on January 6, 2021 at Sheraton Saigon Hotel with representatives of both parties, the US Consulate in Vietnam, and AmCham Vietnam in attendance.    

 

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Ho Chi Minh City puts priority on high rise building along metro lines
Ho Chi Minh City puts priority on high rise building along metro lines

Ho Chi Minh City authorities will give priority to developing new high-rise apartment buildings along the metro line linking the city centre with the outskirt areas.

 

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Full-fledged airport city could be in Dong Nai’s future
Full-fledged airport city could be in Dong Nai’s future

The ceremony to kick off construction of Long Thanh International Airport last week in Dong Nai province, 40km east of Ho Chi Minh City, marks bright prospects for developing the area as a whole into an airport city, and thereby pushing up the real estate market.

 

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