NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2012/02/03 - High demand of low-priced housing in Vietnam is triggered by the rapid growth of the number of households, anticipated to grow at a CAGR of around 3% during 2010-2013, says RNCOS.
Taking into consideration, high demand of low-priced housing in Vietnam against its low supply, the government has directed the Ministry of Construction to adopt necessary measures. Proactive government initiatives in favor of the rising demand attributed towards a total investment of nearly VND3.6 Trillion (US$ 173 Million) in 37 low-cost housing projects covering a total landmass of 750,000 Sq M in 2010. The Ministry is co-operating with relevant Units to mobilize capital in an effort to speed up the progress of low-cost house projects.
Factors including increasing rate of urbanization, strong demand of low-priced house, rising number of households, and high investment, the Vietnam housing sector has been exhibiting stupendous growth over the past few years. The demand and supply of housing Units has met the expectation of a large population, especially in cities like Hanoi and Ho Chi Minh (HCM) City owing to the influx of high GDP growth. Thus, taking into consideration the existing factors, number of households are likely to grow at a CAGR of around 3% during 2010-2013 according to our new research report,“Vietnam Housing Forecast to 2013”.
According to our analysts, significant investment patterns have been observed in the Vietnam property market. Investments from both the public and private sector have increased in the recent years. However, price hikes in the housing sector remains one of the biggest obstacles as inflationary pressures have already battered the value of income. Taking into consideration, the existing scenario, the concept of low-cost housing is a probably one of the remarkable solution.
Our report also identifies, future outlook of housing demand, thereby providing intending clients with investment attractiveness quotient of the Vietnam housing sector. To forecast the future scenario, the report has considered a proper base and methods and at the same time, it has also analyzed the relative importance of each factor. Overall, the report is an outcome of extensive research and prudent analysis and is meant to offer suitable knowledge base to clients interested in investments in Vietnam housing sector.
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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.