THE WORST IS OVER: REAL ESTATE EXPERT SAYS
15/05/2024
Keppel, together with Standard Chartered and Arcadia Consulting, jointly hosted an exclusive real estate market outlook event on May 14 at Sedona Suites, Keppel’s premier serviced apartments in Ho Chi Minh City. The event provided an in-depth analysis of the real estate market in Vietnam, particularly in Ho Chi Minh City, and featured insights from real estate experts.
Mr Lee Leong Seng, Head, Property Development/Residential, Real Estate (Vietnam), Keppel Ltd., said, “Despite the headwinds, the underlying fundamentals of Vietnam’s economy have remained resilient.”
Mr Marc Townsend, Senior Advisor of Arcadia Consulting, highlighted the enhancements in Ho Chi Minh City’s infrastructure, along with updates on pricing, supply, transactions, and current market trends. “We can see sustainable demand for high-quality housing from expats, increasing domestic apartment rental demand. Beyond that, the new real estate law will give more guidance and clarification for investors,” said Mr Townsend. Concluding his analysis, he said, “The worst is over.”
The Real Estate Market Outlook event provided attendees with valuable insights and expert forecasts on the Vietnamese real estate market. This access to objective perspectives empowered them to make informed investment decisions in the current volatile market. The event also served to strengthen Keppel’s relationships with its partners, further underlining the company’s commitment to the development of Vietnam’s real estate market.
