Vietnam’s Real Estate Industry in 2019 was stable and expected to remain a positive outlook. However, the complicated movements of the Covid-19 pandemic have changed the forecast for this industry in the first quarter of 2020.
Commercial real estate is suffering from a major reduction in rental fees and the return of premises because restaurants and entertainment businesses are facing major revenue losses and cannot continue operating due to the pandemic. This affects people’s consuming behavior, causing real estate firms to suspend selling activities. Operations have temporarily ceased, with the expectation of a major sale season in the second half of 2020 should the pandemic be controlled by then.
Condotels witnessed a decline in sales in the beginning of 2020. According to Khanh Hoa Department of Tourism, the Nha Trang market recorded a decrease of 75% in the number of international tourists and 82% in domestic tourists in February 2020 compared to the same period last year. It is estimated that the tourism revenue loss may range from USD 7 to 15 billion depending on the time of pandemic control in Vietnam. Tourism demand is expected to gradually recover in the third quarter of 2020 and grow again in the fourth quarter of 2020.
Disruptions in the supply chain and logistics affect industrial real estate. Demand from Chi- nese tenants has declined in the first two months of the year due to the direct impact of the pandemic. However, it is still too soon to confirm that this pandemic will put a serious impact on Vietnam’s Real Estate Industry. The report will provide insight into development in this industry in 2019, alongside expectations and forecasts for the year 2020.
Dat Xanh Group Joint Stock Company was established with an initial charter capital of VND 0.8 billion and 10 employees. When first in operation, Dat Xanh specialized in brokerage of real estate projects. Currently, Dat Xanh’s charter capital is VND 3,500 billion with over 3,500 employees.
Address: No. 2W, Ung Van Thiem Street, Ward 25, Binh Thanh District, Ho Chi Minh City
Telephone number: 028. 6252 5252 – 028. 6285 3896
Email: [email protected]
Website: www.datxanh.vn
Century Group Joint Stock Company is the first business in Hanoi to buy commercial rights from the world's leading real estate corporation in the US. From a business that only provides brokerage services, it has become a full-service provider. Cen Group business activities include investing, exploiting, leasing and subleasing, consulting, marketing and appraising real estate.
Address: No. 137, Nguyen Ngoc Vu Street, Cau Giay District, Hanoi
Hotline: 0985 92 91 91 – 024 6263 6688
Email: [email protected]
Website: www.datxanh.vn
Savills Vietnam Co., Ltd. was established in 1995 with three offices in Ho Chi Minh, Hanoi and Da Nang. Savills Vietnam has a team of experts who understand the markets in each region. It promises to offer top consulting services to support individuals and businesses.
Address: Floor 18, Ruby Tower, No. 81-85, Ham Nghi Street, District 1, Ho Chi Minh City
Telephone number: (+84) 28 3823 9205
Website: https://vn.savills.com.vn/why-savills/
CBRE Vietnam Co., Ltd., based in Ho Chi Minh City, is part of the CBRE affiliate network of CBRE Group, Inc. Founded in 2003, the company employs about 170 employees, and serves property owners, investors and tenants across Vietnam with 3 main offices located in Hanoi, Da Nang and Ho Chi Minh City.
Address: Floor 13, Tower A & B, No. 76, Le Lai Street, Ben Thanh Ward, District 1, Ho Chi Minh City
Telephone number: (+84) 286 284 7668
Website: http://www.cbrevietnam.com/
Property X Joint Stock Company was established on April 17, 2018, and is a member of Hung Thinh Group. As a business operating in the field of marketing and real estate distribution, PropertyX has 1,200 employees and a system of 09 large-scale trading floors in Ho Chi Minh City and throughout the provinces across the country.
Ho Chi Minh City office:
Address: No. 53, Tran Quoc Thao Street, Ward 7, District 3, HCMC
Telephone number: (028) 7307 5888
Email: [email protected]
Website: https://propertyx.com.vn/
Hanoi office:
Address: 8th Floor, 14 Lang Ha Building, Thanh Cong Ward, Ba Dinh District, Hanoi
Telephone number: (024) 7307 6879 – 0903 24 34 89
Phuc Thinh Development Investment Consulting Corporation was established on July 22, 2014. The company operates in the fields of consulting, brokerage, real estate auction, land use right auction; collapse; and site clearance.
Address: No. 51, Street 447, Le Van Viet Street, Tang Nhon Phu A Ward, District 9, HCMC
Telephone number: (028) 37 360 356
Email: [email protected]
Website: https://www.vnnreal.vn
Vhs Property Joint Stock Company was formerly known as Viethousing Joint Stock Company, established in 2013 when the real estate market started showing signs of recovery. At first, Viethousing had only 10 employees, but now the company is employing hundreds of people.
Address: No. 04, 2B, R6 building, Royalcity, 72A Nguyen Trai, Hanoi
Website: http://vhsland.vn/
Phuc Hung Real Estate Services Joint Stock Company is a partner of more than 30 prestigious domestic and foreign investors (Novaland, Keppel Land, Khang Dien, Vingroup, An Gia). It is distributing more than 2000 real estate products across Ho Chi Minh City and neighboring provinces.
Address: Floor 7, No. 137, Le Quang Dinh Street, Ward 14, Binh Thanh District, Ho Chi Minh City
Telephone number: 18006139 – (+8428) 6284 1166
Email: [email protected]
Website: www.phuchunggroup.vn
Hanoi - THM Land Investment Development Co., Ltd was established in 2010. After 10 years of investment and development, THM Land has had a firm position in the real estate market in Vietnam.
Address: Floor 3, C’land Building, No. 81, Le Duc Tho Street, Tu Liem District, Hanoi
Telephone number: 024.73.00.1080
Email: [email protected]
Website: http://thmland.vn
Source: Real Estate Activities Report - VietnamCredit
