Industrial real estate is forecasted to continue to be a bright spot in the coming time and will attract foreign businesses to invest in industrial zones and clusters.
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According to TS. Phan Huu Thang, Vice Chairman of Vietnam Real Estate Association, industrial real estate is a bright spot in the coming time. The number of 326 industrial parks, thousands of hectares of industrial land in our country has been attracting great attention to foreign businesses.
“In the coming time, real estate investors may pay attention to this market”, Mr. Phan Huu Thang emphasized.
Actual developments in the market and a survey by the Vietnam Real Estate Brokerage Association show that the current average occupancy rate in industrial zones is over 70%; Average factory rent across the country ranges from 60,000 to 80,000 VND / m2 and the price of land in industrial zones with infrastructure ranges from 3-5 million VND / m2 and may continue to increase in the near future.
In the first quarter of 2021, the industrial real estate market was very active in a number of localities with great potentials and strengths in industrial development, including Long An, Dong Nai, Binh Duong, Binh Dinh, Thanh Hoa, Quang Ninh, Hai Duong, Bac Giang …
Along with that, most of the provinces and cities capable of industrial development are very interested in proposing the development of new industrial zones, and at the same time have specific mechanisms and policies to attract investors, especially foreign enterprises investing in these industrial zones.
In the context that Vietnam successfully prevented the COVID-19 epidemic and positive results in economic development, experts in the real estate sector forecast that in 2021, the shift of production and installation of orders. goods from outside areas continue to shift to Vietnam will be a ‘push’ to increase the demand for industrial real estate in the country.
Accordingly, many new industrial zones will continue to participate in the Vietnamese industrial real estate market and there will be many new projects to develop infrastructure of industrial parks approved. Many logistics projects serving industrial zones will also be promoted.
However, real estate experts also warn localities to carefully calculate in the new industrial park project, to avoid falling into the risk of redundant crisis as happened to some localities. Phuong.
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