News roundup: Vietnam’s industrial properties after the storm, and other headlines

For PropertyGuru’s real estate news roundup, Vietnam’s industrial real estate weathers out a storm. In other headlines, home prices are up 20 percent in particular Australian regions, while Phuket is luxury island living at its finest.

Vietnam’s industrial real estate emerges out of storm

Vietnam’s industrial real estate segment has emerged as a driver of the property market after sailing through the economic storm last year, thanks to the foreign direct investment (FDI) influx, experts said in VietnamPlus.

The investment was funneled into 16 out of the 21 national economic sectors in January, of which real estate attracted the second largest amount with nearly USD1.41 billion or 32.7 percent of the total FDI, up more than 3.5-fold year-on-year.

In this regard, processing and manufacturing took the lead with some USD2.54 billion, accounting for 59.1 percent of the accumulative FDI and representing a year-on-year rise of 16.8 percent.

Australian regions where home prices are up 20 percent over the past year

Home prices are growing strongly again after a slowdown in recent months. In some regions in Australia, prices are more than 20 percent higher than a year ago.

According to PropTrack’s February Home Price Index, dwelling prices have risen by 6.2 percent over the year to February 2024.

This was mainly driven by capital cities where prices grew by 7.1 percent, however regional areas have also seen strong growth, with prices up 3.9 percent in the past 12 months.

Phuket: Luxury island living at its finest

Post-pandemic, there has been a marked increase in the desire for high-end resort residences that offer not just a place to stay, but an unrivalled lifestyle experience.

This trend is particularly evident in sought-after destinations like Phuket, where the blend of natural beauty and luxury amenities continues to attract discerning investors and homeowners.

Indeed, there is a growing emphasis on properties that provide privacy, exclusive services, and top-tier amenities. Developments are increasingly incorporating elements of wellness, sustainability, and smart technology, catering to a clientele that values both luxury and holistic living.

These trends reflect a broader shift in the luxury real estate market, where buyers are seeking properties that offer more than just opulence – they’re looking for a comprehensive lifestyle and wellness package.

DDproperty presents some of the latest luxury launches to grace Thailand’s world-famous resort destinations.

The Property Report editors wrote this article. For more information, email: [email protected].