Investors look at a property project. Prices in this market have levelled off after a period of high prices but not reduced. (Photo: batdongsan.com.vn)
Hanoi (VNS/VNA) — Experienced investors continue to pourmoney into the real estate market despite the problems the COVID-19pandemic has caused for the sector.
Most property experts said the real estate market would be able to recoverafter the pandemic, adding investors do not want to invest in the realestate market amid difficulties but have faith it will rebound at a certainpoint.
Experienced investors would see the business opportunity in the difficultperiod while small investors would wait for market recovery, they said.
Ha Van Thien, deputy general director of real estate firm Tran AnhGroup, said in the previous real estate market crisis, investors thatresearched carefully found opportunities with reputable property developers.
Pham Thanh Hung, vice chairman of Cen Group, also said like many other economicsectors, the real estate sector was affected by the pandemic, so prices inthis market have levelled off after a period of high prices but not reduced.
The real estate market is entering a new period only for medium and longterm investors. Some projects in regions with infrastructure projects, in urbanareas with full facilities and in industrial zones have growth potential,according to Hung.
Also assessing real estate prices will increase sharply in the medium and longterm, Duong Duc Hien, former Director of Sales Department of Savills Vietnam,said in the past 40 years, real estate prices on the domestic market had notonce decreased.
Although the market had fluctuated depending on each period, in the longterm, real estate prices would always go up because the population would alwaysbe increasing while land would not expand. "People always need housingproducts and in addition, costs related to land are on the rise," hesaid.
According to the experts, the difficulties in the property market this yearwill contribute to market purification for sustainable development in thefuture. At present, the market opens up business opportunities for propertyinvestors and buyers that have real demand. The market's challenge is temporaryin the short term, while opportunities on this market are in the long term./.
A policy allowing foreign individuals and organisations to buy and own houses and construction works in Vietnam will help lure investment and high quality human resources from the outside to the country for national development, according to Nguyen Tran Nam, Chairman of the Vietnam Real Estate Association.
Though the COVID-19 pandemic may linger into the end of 2020, the property market will bounce back soon and develop strongly in 2021 and 2022 thanks to the Government’s resolve and timely action, according to Savills Vietnam Managing Director Neil MacGregor.
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Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Investors look at a property project. Prices in this market have levelled off after a period of high prices but not reduced. (Photo: batdongsan.com.vn) 
