Late 2007 Real Estate Market

摘要

According to Mr Trinh Huy Thuc, Chairman of Vietnam Real Estate and Housing Association, Vietnam now has 729 urban zones, including two special urban zones, three first-grade zones and 14 second-grade zones. The urbanisation is forecast to be at high rate in the coming years, estimated to be 30 per cent in 2010 and 50 per cent in 2020. The demand for real estate, especially houses, in Vietnam will be very high. In 2007-2010, Vietnam needs to build 366 million square metres of houses, including 176 million square metres in urban areas and 190 million square metres in rural areas. The demand for offices and shops will be also very high. An investment wave from Asia is moving into the real estate market of Hanoi. Investors are now paying attention to buying licensed projects and finished construction works instead of leasing land and starting construction. This is the conclusion of CB Richard Ellis (CBRE) in Vietnam, regarding Vietnam's year-end heating real estate market.