Category: Dynasty News
Olivier Do Ngoc and fellow panelists discussing the Vietnamese Real Estate Market
On June 24th Managing Partner Olivier Do Ngoc joined fellow panelists from Savills, Prudential Property Investment Management, VinaCapital, Dragon Capital and Jen Capital Advisors to discuss the current and future Vietnamese real estate market.
Overall, Olivier felt that the panel was very upbeat and positive about the medium term prospects for the Vietnamese property market. Although Vietnam is still a market in its infancy characterized by a lack of transparency and reliable data points growing domestic demand will drive the market forward. Recently Local Developers have become increasingly active in the market with involvement in many current developments.
As the market continues to develop, residential, hospitality (including resorts) and retail will be the most important sectors. Most of the funds in Vietnam are still anticipating a gross return of 25-30%. The panel also discussed the fact that there is still a strong correlation between the property market, stock market and gold market in Vietnam.