Hai Phong Vietnam Real Estate
Hanoi's supply of new homes in the third quarter fell 60 per cent year-on-year, with new launches hampered by the Covid 19, according to Savills, a property consultancy. A Savill report published on 26 December showed the number of new homes under construction in the city's housing market has increased in recent months.
As mentioned above, the market for assisted housing has a occupancy rate of over 90 percent and rents are competitive compared to those in Hanoi. According to the Department of Construction, the apartments in Hanoi built in the 1970s and 1980s to develop the Phan Thiet real estate market and infrastructure have an average square meter price of about $1,500, or about $200,000 in today's dollars, and a market value of $4.5 billion, according to a Department of Construction report. Meanwhile, Nguyen Phu Trong Phong, deputy director of Vietnam's National Real Estate Council, said in a media interview that the domestic real estate market is growing strongly because of many new measures. As a note, the current prices in Phansa Managed Resorts are relatively low compared to those in other cities such as Ho Chi Minh City and Ho Dong Dung, while the Phan Thieves real estate markets are still developing the infrastructure.
Compared to other Chinese-preferred real estate hotspots like Bangkok, Hai Phong is considered very affordable. This makes Vietnam attractive to Chinese buyers who see real estate as a more affordable alternative to the high-end properties in Hanoi and Ho Chi Minh City. Through many special and attractive tax incentives and increased foreign direct investment from China and other countries in the Asia-Pacific region, it has attracted companies such as VinGroup, which has set up a VinFast factory in Hai Phong, and other companies.
Real estate experts in Vietnam have observed property prices of up to $1.5 million per square meter, but the actual maximum prices are higher, at about $2,000 to $3,500 per square meter.
A male worker in Vietnam who works in the real estate sector earns less than his female counterparts in the United States. We compared the salaries of male and female employees of different companies in different countries and found that Hai Phong's salary is 6% lower than that of Vietnam.
In the north, Hai Phong and Quang Ninh in Hanoi are generally known for their ability to attract foreign investment. In the real estate sector, there is little competition between the two cities, especially in terms of price and quality.
The real estate market is thriving and contributing to the economic growth of both cities, driven by foreign investment, as well as local residents and businesses.
The country's premier real estate award program, the Vietnam Real Estate Awards, took place in Ho Chi Minh City, where outstanding developers from North and South Vietnam gathered to present 49 awards. The foundation stone for an already triumphant night was laid by Vingroup chairman Pham Nhat Vuong, better known to many as the nation's first major billionaire, and his wife Nguyen Phu Trong. This is the only award that is not given by an independent jury, but by a jury of experts from around the world.
In 2009, Ascott, an established real estate company in South Vietnam, was awarded the Vietnam Real Estate Award for its development of Somerset Central in Ho Chi Minh City, the first high-rise in the city's central business district. At the time of award, the Company operated and operated 860 residential units with a total value of $1.5 billion. In Vietnam's second largest city, Hanoi, Itas is also home to most of the residential buildings in the Vietnamese capital.
Meanwhile, the company's main commercial building, Hanoi Central, with a total value of $1.5 billion, is located in the heart of the city's central business district, just blocks from the city center.
Hai Duong connects with Hai Phong and Quang Ninh to form an important economic triangle in the east, with an eastern - to - important - economic region (NKEZ) in the north. The Northern Economic Zone, or NkeZ, includes the city of Hanoi, the northernmost part of the North-East Economic Zone (NEZ).
Hai Phong is one of the largest cities in Vietnam and the third largest city in the country with more than 2 million inhabitants, who live and work on an area of 1.2 million square kilometers, with a population of over 3.5 million people. The rapid urbanization process has accelerated the growth of HaiPhong, and in recent years many urban plots have been built, giving a new impetus to the real estate market.
A notable example of this is the Daiwa House of Industry, which has put more than 1,000 residential and business units up for sale in HaiPhong. The company already has a number of new buildings in the city, including a 1.5 million square kilometre commercial and residential building, as well as an office building, hotel and residential building.