09:50 | 03/09/2019 Economy
(VEN) - The symposium will share comments, analysis and predictions about future trends and developments in Vietnam’s real estate market.
Held by the Australian Chamber of Commerce in Vietnam (Auscham) in collaboration with the Cushman & Wakefield company, the symposium, held September 12 in Ho Chi Minh City, will be themed, "What's next".
This is the 7th time Auscham is organizing this event, bringing together industry leaders to collaborate and share their insights.
According to the symposium organizing committee, the commercial real estate and residential market in the biggest cities in Vietnam and neighboring provinces has become more and more attractive in recent years, attracting a lot of domestic and foreign investment, especially in luxury and class A properties.
As one of fastest growing and globalizing economies in the world, Vietnam attracts investors with its stability.
Vietnam’s property market has steadily recovered since the difficulties of 2009-2013, particularly within the residential sector. A surging demand for residential property has led to a high absorption rate of 70-80% of new supply (with 30,000 to 40,000 new apartment units available each year), the committee notes.
It says markets in provinces surrounding Ho Chi Minh City, Hanoi and Da Nang have subsequently prospered as well. Foreign participation and investment continues to grow due to project cooperation, M&A, and direct financing, while domestic and foreigner buyers have driven interest for Grade A and luxury apartments and spurred new models for real estate development.
The organising board says it has gathered the industry’s thought leaders to provide essential market insights, analysis and predictions. The exclusive event will be limited to 200-300 attendees, including local and regional developers, domestic and foreign large-scale investors, multinational companies, and government representatives.
Representatives of leading companies in the industry such as VinaCapital, DKRA, Cushman & Wakefield Vietnam and Cushman & Wakefield Asia Pacific.
The organizers say that the symposium will have three sessions with topics of high, practical relevance, including: Now and Next; Economic punch; Secrets of the local residential market; Market truths; Prop Technology in the field of real estate; Have we all heard it before; and “Global Mega Trends to Transform Industrial and Logistics Real Estate.
Each session will feature in-depth discussions on each segment from which will be drawn discuss in depth and penetrate into each segment, from which an outline of the prospects and directions for the market will be drawn.