Real estate development in viet nam orientation follows the momentum of recovery and continues to grow again from now to 2030, due to the positive effects from the country’s effective and safe control before the COVID-19 pandemic.

Following Prime Minister Nguyen Xuan Phuc’s directive, orienting townhouse as well as industrial real estate is a process. And the progress of Real Estate Development in Vietnam, in Ho Chi Minh City is also in that direction. The process of urbanization is following a progress of faster and more sustainable growth with new accelerating forces such as the establishment of Cu Chi, Thu Duc City, Ho Chi Minh City.

The transformation of 4/5 districts into districts in the coming years; in which, Nha Ra and Can Gio districts are expected to become marine cities, ecological urban areas, and environmental urban areas worth living.

real estate development in vietnam
real estate development in vietnam

According to him, if in 2018 in Ho Chi Minh City, there are 122 projects approved for investment policies, recognized investors and approved to invest in key projects, including projects of Kingroup. by 2019, it will decrease to 22 projects and the first 6 months of 2020 there will only be 20 projects.

Similarly, in 2017, there were 69 luxury real estate projects licensed to build, but by 2018 it decreased to 53 projects and down to 24 projects in 2019, even only 13 individual townhouses projects in 6 the first month of 2020.

Notably, Real Estate Development in Ho Chi Minh City, Vietnam is building a housing development project to suburban districts of the city in the period of 2021-2030 with the orientation of housing development associated with embellishment and smart urban, towards civilization and modernity.

Converting the model of housing from low-rise to modern luxury high-rise is mainly to use land efficiently, creating land fund for traffic development, parks, and parking spaces.

Over the past three years, migrants, middle-income earners, urban low-income earners and have lost the most, because of reduced opportunities to build homes.

In addition to KingGroup, there are still many emerging and small real estate enterprises that are already “weak” and even more “weak” than large enterprises.

At the same time, according to King Group, Ho Chi Minh City, as well as across the country, there are a number of “virtual fever” waves of agricultural land prices, land prices and an increase in plots for sale, illegal capital mobilization.

The Eastern District of Ho Chi Minh City will continue to attract investors and homebuyers, especially when the National Assembly has just planned to establish a new city, and passed a resolution to establish Thu Duc in Ho Chi Minh City. Ho Chi Minh City on the basis of merging District 2, District 9, Thu Duc District. It is expected that in the emerging real estate area, by 2025, 198,000 apartments will be supplied to the market.

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