Logo of Phnom Penh Post newspaper Phnom Penh Post - Vietnam property-buying consumer survey released

Vietnam property-buying consumer survey released

Content image - Phnom Penh Post
Ho Chi Minh City and Hanoi are the two most attractive locations for homebuyers in Vietnam, followed by nearby cities and provinces. VGP NEWS

Vietnam property-buying consumer survey released

A study of consumer sentiment in the Vietnamese real estate market in the first half of 2022 was launched on February 25 by Batdongsan.com, the leading real estate trading website in Vietnam.

Based on an online survey of more than 1,000 people nationwide at the end of 2021, the study measures the sentiment of buyers and sellers in the property market and expectations about future prospects.

According to the study, homebuyers in Vietnam tend to seek green and spacious areas. Sixty-one per cent of people surveyed want to live near green space, and 45 per cent are looking to move to the suburbs and less crowded areas.

The top factors buyers look for are entertainment areas, schools, trees and public transport. Many older married Vietnamese people have a higher income and high demand for these factors.

Fifty-two per cent of people surveyed think that real estate prices are too high, but 72 per cent said they need to buy real estate and that real estate prices have decreased due to Covid-19.

Meanwhile, 31 per cent expect real estate prices to continue to increase by more than 10 per cent in the next five years. This is why many Vietnamese prefer to invest in real estate, according to Batdongsan.com director Nguyen Quoc Anh.

Ninety-two per cent of people surveyed plan to buy real estate in the future.

More than half are looking to buy a house in the next two years, with Ho Chi Minh City and Hanoi the two most attractive locations for buyers, followed by nearby cities and provinces.

The biannual real estate consumer sentiment study will measure buyer confidence and expectations.

Batdongsan.com CEO Robert Vu said: “Our website has developed the data on the local property market and published many reports relating to this market. However, the market still needs information about trends of real estate buyers, so we implement this sentiment study.”

Sushmita Mohapatra, head of content marketing at PropertyGuru, said: “The study’s findings show that Vietnam’s real estate trends are similar to those in other countries in the region.

“For example, most Vietnamese, Singaporeans, Malaysians and Indonesians want to own homes in less congested areas, and most expect real estate prices to rise in the future, particularly in Vietnam and Malaysia, which have high urban and real estate development rates.”

“We believe that the report results have objectively and fairly reflected market realities in various nations over many years and that this report will be an important and effective reference tool for property customers in particular, as well as the Vietnamese real estate market in general.”

The real estate consumer sentiment study has been conducted since 2009 in four other countries, Singapore, Indonesia, Malaysia and Thailand, by PropertyGuru, the parent company of Batdongsan.com.

“This report has a history of more than 12 years in the Southeast Asia market. It has been used by users as well as media agencies in the region as a reference source when assessing market fluctuations and real estate consumer sentiment,” Mohapatra said.

VIET NAM NEWS/ASIA NEWS NETWORK

MOST VIEWED

  • Ream base allegations must end, urges official

    A senior government official urges an end to the allegations and suspicions surrounding the development of Cambodia’s Ream Naval Base, now that Prime Minister Hun Manet has addressed the issue on the floor of the 78th UN General Assembly (UNGA 78). Jean-Francois Tain, a geopolitical

  • Cambodia set to celebrate Koh Ker UNESCO listing

    To celebrate the inscription of the Koh Ker archaeological site on UNESCO’s World Heritage List, the Ministry of Cults and Religion has appealed to pagodas and places of worship to celebrate the achievement by ringing bells, shaking rattles and banging gongs on September 20. Venerable

  • CP denied registration documents by ministry

    The Ministry of Interior will not reissue registration documents to the Candlelight Party (CP). Following a September 21 meeting between ministry secretary of state Bun Honn and CP representatives, the ministry cited the fact that there is no relevant law which would authorise it to do

  • PM to open new Siem Reap int’l airport December 1

    Prime Minister Hun Manet and Chinese leaders would jointly participate in the official opening of the new Chinese-invested Siem Reap-Angkor International Airport on December 1. The airport symbolises a new page in the history of Cambodian aviation, which will be able to welcome long-distance flights to

  • Cambodian diaspora laud Manet’s UN Assembly visit

    Members of the Cambodian diaspora are rallying in support of Prime Minister Hun Manet’s forthcoming visit to the 78th UN General Assembly (UNGA 78) in the US’ New York City this week. Their move is an apparent response to a recent call by self-exiled former

  • Minimum wage set at $204, after Sep 28 vote

    The minimum wage for factory workers in the garment, footwear and travel goods industries for 2024 has been decided at $204 per month, with the government contributing $2. Following several negotiation sessions, the tripartite talks reached an agreement during a September 28 vote, with 46 of 51 votes supporting the $202 figure.