Property investment: Why is it the right time ?
Rex Vietnam was at Park Hyatt on July 12th for the conference “Top trends that will shape 2018 and beyond” organized by JLL. This conference was a good way to assess the market and current trends in real estate.
Contractors, promoters, estate agents, architects all were in the same room to have an in-depth assessment of the market and a better understanding of the market current and future trends.
In a previous article, we already saw the the current Vietnamese investment frame is favorable. Good news, it is also the right timing.
Here is why:
Vietnam’s economy is strengthening year after year, with a GDP growth averaging 6 to 7% every year since 2012. The Vietnamese index rising by 24% between 2017 and mid-2018.
Foreign Direct Investment (FDI) still heavily support the real estate market, representing 27% of the total FDI in the country. This signal that foreign investors still consider Vietnam’s real estate market as a market with a lot of potential for investment.
And there is still a lot of room for improvement.
On our side, Rexvietnman is specialized in Grade A real estate projects and interested in some specific numbers. The following figures help us to better advise our clients on which project to invest in based on their requirements either it is for capital gain and rental yield.
- By end of year 2018 occupancy rate for grade A is expected to keep improving as many new projects are being currently handed over.
- The rental rate keeps increasing over the year. Between 2013 and Quarter 2 of 2018, the average rent (USD/SQM/Month) rose by 9% from $37.6 to $42.3.
- Investment demand under foreign title is superior to the current available offer available. Therefore, prices keep increasing over the years and capital gain opportunities is strong.
About us :
As a real estate specialist and acknowledged by our peers (3rd company nominated in the Entrepreneur category of the Trophée des Entreprises organized by the CCIFV), we offer to our client a comprehensive range of services to be your one stop platform for your real estate investment in Ho Chi Minh City.
Our company will not only help you assess your investment needs and requirements. The agents will guide your through your purchase or sales of a property, through our large portfolio of on and off market apartments. We will also help you manage your property from the fitout up to the finding of a tenant. Our law and tax advisor can also be of assistance in the tax payment process or drafting and reviewing all the contractual obligations.
Do not hesitate to contact us at email@example.com for more information about your investment opportunities in Ho Chi Minh City !