Alternaty - Press release on Vietnam Property Market - November 2013
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Although Vietnam’s real estate market has experienced a slowdown over the past few years, the overall sentiment from international investors seems to be slowly turning positive and back to levels seen before the downturn. Alternaty Vietnam was recently invited to speak at two highly recognized international real estate conferences, the Alternative Ownership Conference (AOCAP) held in Hong Kong on 15th - 16th October and the International Hotel Investment Forum (IHFI) held in Singapore on 21st – 23rd October, where Mr Rudolf Hever and Mr Mauro Gasparotti, Executive Directors of Alternaty Vietnam, were requested to participate in panel discussions on the current and future outlook of the Vietnam real estate market. Visit http://blog.alternaty.com/ for updated information and market news!
Transcript of Alternaty - Press release on Vietnam Property Market - November 2013
Alternative Real Estate Service Co., Ltd
Unit 23, 26 Ly Tu Trong Street
District 1, Ho Chi Minh City
Vietnam
T +84 836 028 591 E [email protected] W www.alternaty.com
6th November, 2013
PRESS RELEASE FOR IMMEDIATE RELEASE For further information contact: Alternaty – Alternative Real Estate Service Co., Ltd.: Rudolf Hever Executive Director Mobile +84 933 902 530 [email protected]
Mauro Gasparotti Executive Director Mobile +84 908 556 492 [email protected]
Nhung Pham Executive Assistant Mobile +84 934 345 630 [email protected]
International investor confidence on rise for Vietnam Real Estate
Although Vietnam’s real estate market has experienced a slowdown over the past few years,
the overall sentiment from international investors seems to be slowly turning positive and
back to levels seen before the downturn.
Alternaty Vietnam was recently invited to speak at two highly recognized international real
estate conferences, the Alternative
Ownership Conference (AOCAP) held in
Hong Kong on 15th - 16th October and the
International Hotel Investment
Forum (IHFI) held in Singapore on 21st –
23rd October, where Mr Rudolf Hever and
Mr Mauro Gasparotti, Executive Directors
of Alternaty Vietnam, were requested to
participate in panel discussions on the
current and future outlook of the Vietnam
real estate market.
The most recent conference, IHIF in Singapore, attracted participants from different regions,
and Mr Mauro Gasparotti, Executive Director of Alternaty, was invited to discuss the current
investment opportunities in the Vietnam real estate market. According to Mr Gasparotti,
there is a growing interest specifically towards Vietnam especially within the commercial
sector and for income producing properties.
Mr Gasparotti noted, “There are tangibles signs of increasing confidence among
international investors regarding the real estate market in Vietnam.
A large number of investment funds and private companies were searching for deals over
Mr Gasparotti (second from left) at the IHFI conference
Alternative Real Estate Service Co., Ltd
Unit 23, 26 Ly Tu Trong Street
District 1, Ho Chi Minh City
Vietnam
T +84 836 028 591 E [email protected] W www.alternaty.com
the past few years with limited results due to discrepancies on land value and achievable
returns on investment. Investor interest dried up in 2012 and the first half of 2013 when the
financial situation was unstable and future outlook was negative. On the other hand,
investors were increasingly focused on alternative investment destinations such as Myanmar
and Indonesia.”
“However, over the past few months, as the financial situation seems to have stabilized with
inflation brought under control, interest from these groups of investors is returning because
Vietnam is presenting more value oriented opportunities. At the same time, the
opportunities in competing markets in South East Asia seem to be diminishing.”
The AOCAP conference held in Hong Kong is targeted for hotel and resort developers
looking to pursue fractional ownership opportunities for existing project or development
sites. According to Rudolf Hever, Executive Director of Alternaty, who was a panelist at the
Industry Perspectives from Asia Pacific session, the conference provided a fresh look at the
region’s travel and tourism forecasts and latest dynamic trends, fuelled by the rapidly
emerging middle class in the Asia region and their appetite for outbound travel.
Mr Hever noted ”There are fundamental changes and game changing trends that are
occurring right now in our region. Those who will prosper over the next decade will be the
ones who recognize and embrace the opportunities that are emerging.
The rapid rise of the middle class in Asia is only just beginning and is led by China. This will
continue into the foreseeable future with countries such as Indonesia and Vietnam. What’s
more, this segment will have a strong appetite to travel abroad, and their target destinations,
one of which is clearly Vietnam, will surely feel their impact, ready or not. One only needs to
look at markets such as Phuket and Pattaya, to understand the vast scale and power of this
new demographic.
Vietnam is now well placed to capitalize on these new trends and we are seeing more and
more investors that are anticipating and looking to capture the opportunities that are
emerging. A few problems remain to be solved, such as bad debts but Vietnam is in much
better shape than only a couple of years ago. Inflation is down, economic growth is stable
and slowly ticking upwards, FDI is up, interest rates have come a long way down and the
Dong has remained remarkably stable over the past couple of years. The local developers
and land owners have been through tough times, but they are now finding more and more
reasons to become optimistic again.”
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