The spotlight has been back on the real estate market in recent months with many renowned foreign investors entering the market, but further market revisions will be required to keep things moving in the right direction.

Hong Kong’s billionaire Cheng family has taken control of Hoiana Resort & Golf in the central province of Quang Nam.

Malaysian property powerhouse, Gamuda Berhad, has fortified its position in the Vietnamese market through a substantial $300 million real estate acquisition via its subsidiary Gamuda Land.

Danang is seeking investors for three industrial parks (IPs), namely Hoa Cam-phase 2, Hoa Nhon, and Hoa Ninh, with a total area of nearly 900 hectares.

The domestic real estate market is forecast to recover in the second half of the year thanks to policies issued so far in 2023.

An individual needs an income of at least VND25 million (US$1,060) a month to be able to buy a home in Ho Chi Minh City, according to an analyst.

The demand for industrial land for lease in Vietnam remains high, but the supply of industrial land is low.

Vietnam’s property market is still attractive to the foreign community, but it is necessary to continue to improve its legal landscape, information transparency, and data availability to create further enhancements for foreigners to invest.

Property developers in Hanoi are lowering prices and extending payment packages to boost sales as weak demand continues to plague the market.

Although foreign capital in real estate fell by more than half in the first five months of 2023, positive signs are afoot as foreign backers continue to pinpoint Vietnam’s advantages.

If more social and affordable commercial housing is built, the frozen real estate market could thaw, according to experts.

Foreign investors are taking advantage of the low prices of hospitality properties in Vietnam to acquire hotels and resorts.