Real Estate Transactions Expected to be Robust in Second Quarter

Diep Nguyen

11:45 09/04/2019

BizLIVE -

In the opinion of Dang Van Quang, Hanoi JLL Director, in the first quarter, the Donald Trump – Kim Jong-un Summit in Hanoi has pushed Vietnam to the heart of attention of the world media, this helps for the real estate market. 

Real Estate Transactions Expected to be Robust in Second Quarter

Ảnh: Business Insider

Recently, Bizlive in cooperation with VTV24 organized the conference to sum up the new changes in the real estate market in the first quarter of 2019 and predictions for the second quarter 2019. The conference got the strong attention of the media and real estate investors, specialists, economists from many regions. 
The conference has the attendance of many state agency representatives, company directors and economists as follows:  Nguyen Manh Khoi, Deputy Director General of Housing and Real Estate Agency in Ministry of Construction; Nguyen Van Dinh, Vice President of Real Estate National Association of Realtors; Dang Van Quang, Hanoi JLL Director ; Nguyen Manh Tuan, Head of Housing Management and Real Estate Market Division, Thanh Hoa Department of Construction; Dang Hung Vo, Real Estate Specialist ; Vo Tri Thanh, Economist; Nguyen Huu Quang, Vice Director of Netland; Nguyen Viet Quang, Stock Market Analyst.
Deputy Director General of Housing and Real Estate Agency in Ministry of Construction Nguyen Manh Khoi remarked that there has been a trend in many years that the first quarter is often the low time for the real estate market activities. The number of transactions are often much lower than the rest of the year. In the first quarter, more than one month is spent entirely for Lunar New Year, it is easy to understand why the real estate activities are very minimal.
Also according to Nguyen, there were two trends in the first quarter: the upper part of the market went through very low transactions; this is also because the limited supply in this segment of the market. Over the past several months, investors also pay attention to land, in some localities, the land transaction in the surrounding areas are very exciting.
In the opinion of Dang Van Quang, Hanoi JLL Director, in the first quarter, the Donald Trump – Kim Jong-un Summit in Hanoi has pushed Vietnam to the heart of attention of the world media, this event has marketed for the economy in general and Vietnam real estate market in particular. This can affect the real estate market until the year and and the coming years.
In Ho Chi Minh city, Dang explains that the low approval of some projects can be said to be behind the low transactions of the market. In 2018, the credit approved for the whole region of the city is lower than the previous year, just about 14.3% credit growth. 
From the Provincial Competitive Index (PCI), Quang Ninh, Da Nang gets strong attention because of high PCI and the ability to sustain this for many years. In this index, the land accessibility of companies is also accounted.

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