{"id":24547,"date":"2021-07-27T08:56:30","date_gmt":"2021-07-27T01:56:30","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=24547"},"modified":"2021-07-27T09:48:51","modified_gmt":"2021-07-27T02:48:51","slug":"vietnamese-investors-are-shifting-their-interest-from-land-to-apartments","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/vietnamese-investors-are-shifting-their-interest-from-land-to-apartments\/","title":{"rendered":"Vietnamese investors are shifting their interest from land to apartments"},"content":{"rendered":"

The country\u2019s upcoming mass vaccination rollout leads experts to agree on a positive outlook for the real estate market\u00a0in\u00a0the next half-year<\/span>\u00a0<\/span><\/p>\n

\"\"
Searches for apartments grew in Hanoi by 12 percent and in Ho Chi Minh City by 8 percent. HuyThoai\/Shutterstock<\/figcaption><\/figure>\n

As reported by Batdongsan.com.vn<\/a>, the pageview and volume of Vietnam\u2019s property listing have dropped in Q2 from the peak in Q1, but experts see bright prospects in the demand for real estate for the next half-year. <\/span>\u00a0<\/span><\/p>\n

Batdongsan.com.vn\u2019s\u00a0data showed a sharp decline in the interest in lands and projects within a 50-100\u00a0kilometre\u00a0radius from Hanoi.\u00a0Thai Nguyen, Ba Vi, Bac Giang, Bac Ninh, and Hanoi\u2019s Quoc\u00a0Oai\u00a0district experienced drops of six, two, 35, 38, and\u00a017 percent\u00a0respectively.\u00a0<\/span>\u00a0<\/span><\/p>\n

Despite the decrease in\u00a0interest level and volume of property listings,\u00a0numbers are still higher than\u00a0those during the same period in 2020, indicating the market\u2019s adaptability to the waves of outbreak.\u00a0Comparing to 2020, interest jumped by 54 percent, 66 new projects emerged, and the volume of property listings increased by eight percent.\u00a0<\/span>\u00a0<\/span><\/p>\n

Meanwhile, investors are shifting their interest from land to apartments, as Nguyen Quoc Anh, Deputy CEO of Batdongsan.com.vn, revealed at the Real Estate Market Report. <\/span>\u00a0<\/span><\/p>\n

Hanoi\u2019s apartment market saw impressive growth, as interest level rose by 21 percent, the number\u00a0of property listings\u00a0jumped\u00a022 percent, selling prices\u00a0increased by\u00a023 percent, and rental profit ranged from 4.3-4.5 percent.\u00a0<\/span>\u00a0<\/span><\/p>\n

In May, searches\u00a0for\u00a0land\u00a0lots\u00a0in\u00a0the\u00a0northern\u00a0provinces\u00a0of\u00a0Bac\u00a0Giang,\u00a0Bac\u00a0Ninh, Ha Nam, Vinh\u00a0Phuc\u00a0and\u00a0Quang Ninh\u00a0fell\u00a035-49 percent, while Da Nang City saw a 36 percent fall.\u00a0Concurrently, searches\u00a0for\u00a0apartments\u00a0grew\u00a0in\u00a0Hanoi\u00a0by 12 percent\u00a0and\u00a0in\u00a0Ho Chi Minh City\u00a0by\u00a08\u00a0percent.<\/span>\u00a0<\/span><\/p>\n

More: Vietnam\u2019s 4th wave of Covid-19 takes a toll on the real estate market<\/strong><\/a><\/p>\n

Looking at the last six months of 2021, experts agree that the market will be heavily impacted by the upcoming mass vaccination campaign. Their assessment is based on the results of many countries, in which national vaccination rollouts led to growth in the economy and real estate. <\/span>\u00a0<\/span><\/p>\n

Moreover, the government is\u00a0striving\u00a0to push out the mass vaccination\u00a0programme, with around eight million doses expected to arrive in July. The number of vaccinated people is likely to increase rapidly, and the government aims to have 50 percent of workers in big cities fully vaccinated in Q3.\u00a0<\/span>\u00a0<\/span><\/p>\n

If such a scenario carries out according to schedule, real estate transactions are expected to grow at full speed in the coming months.<\/span>\u00a0<\/span><\/p>\n

\n

The Property Report editors wrote this article. For more information, email:\u00a0propertyreport@propertyguru.com<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The country\u2019s upcoming mass vaccination rollout leads experts to agree on a positive outlook for the real estate market\u00a0in\u00a0the next half-year\u00a0<\/p>\n","protected":false},"author":12,"featured_media":24548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[2121,1285,528,135],"class_list":["post-24547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-apartment-market","tag-land-frenzy","tag-market-update","tag-vietnam","news_country-vietnam","news_author-property-report"],"acf":[],"yoast_head":"\nVietnamese investors are shifting their interest from land to apartments | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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