CÔNG TY CỔ PHẦN ĐẦU TƯ NAM LONG (HOSE: NLG)
Số 6 Nguyễn Khắc Viện, P. Tân Phú, Quận 7, TP.HCM
Điện thoại: (84.28) 54 16 17 18
Fax: (84.28) 54 17 18 19
According to a recent report released by Saigon Securities Inc. (SSI), listed real estate companies ended 2018 with rather stable development. Outstanding names include Vinhomes JSC, Nam Long, Khang Dien House Trading and Investment JSC, Dat Xanh Group, and Novaland. Driven by strong sales between 2015 and 2017, most commercial real estate developers enjoyed decent earnings growth last year upon delivery of their sold units.
Nam Long Group, a listed company, is also co-ordinating with Japanese groups Hankyu Realty and Nishi Nippon Railroad in financing many property projects in -Vietnam, such as the 26-hectare Mizuki Park and the 8.5ha Akari City in Ho Chi Minh City, and the 355ha Waterpoint Township in the Mekong Delta province of Long An.
Listed real estate firms are looking for more foreign investment so as to swell their markets and strength, Photo: Le Toan
SSI predicted that there will be no sign of sharp recession in real estate. “We expect that positive ¬economic indicators, high foreign investment inflows, a rising middle class, and strong remittances may continue to be key factors helping to sustain the real estate market. As such, the residential demand will likely continue throughout 2019,” said an SSI official.
“We believe that the demand for more affordable housing is still outpacing supply in the low-end market. As such, affordable housing is expected to continue driving the market, backed by a long-term downward trend of overall household size and available mortgage types with flexible schemes.”
The official continued, “Meanwhile, foreign investment flows into real estate are also expected to continue with upward momentum in 2019, as a lot of investors are opting for Southeast Asia, including Vietnam, to be prime candidates for investment amidst the ongoing US-China trade dispute. That would also be another pillar of support for real estate ¬demand, whether in industrial, commercial, or residential properties, and especially the case in the high-end real estate market.”
Meanwhile these developers’ key focus is the residential market in Ho Chi Minh City, which has been going through a difficult procedural slog due to delayed -licensing procedures throughout 2018. Therefore, maintaining higher growth in 2019 is quite challenging for them, the SSI official added.
Meanwhile a positive market still remains set for 2020 based on the positive view of macroeconomic and geographic indicators.