//= get_template_directory_uri() ?>
1H OVERVIEW
The nationwide real estate market in the first half of 2024 has been closely aligning with the recovery trajectory. Despite the number of new supplies remaining modest compared to both the same period last year and the previous quarter, there has been a notable improvement in real estate transactions on a quarterly basis. This upward trend indicates a strong housing demand, fueled in part by a low-interest-rate environment, increased income levels, and a growing inclination to use real estate as a means of asset accumulation. Some positive signs for the outlook for new supply in the future come from the large number of ongoing projects and the number of newly licensed social housing projects in Q1, which is higher compared to previous quarters, coming from 4 projects with 5,919 apartments.
OUTLOOK FOR 2H 2024
We expect that housing transactions will continue to show gradual improvement in the second half of the year, given that interest rates are likely to remain low amidst preferential policies to stimulate economic recovery. The urgency to take advantage of low-interest loans before rates increase again could be a significant driver of this trend. Furthermore, the National Assembly’s decision to expedite the implementation of three key laws related to the real estate market—namely, the Land Law, the Housing Law, and the Real Estate Business Law—effective from August 1, 2024 (five months earlier than previously scheduled), is expected to resolve existing legal obstacles. This legislative support will likely stimulate the development of new projects in both the medium and long term.
Stock Picks: KDH, NLG, HDG, VHM
04/07/2024
In the short run, we are NEUTRAL towards both VN consumer discretionary and consumer staples stocks. Investors can still find opportunities to invest in...
02/07/2024
On 19/06 morning, Kinh Bac City Development Holding Corporation (HoSE: KBC) held its 2024 Annual General Meeting of Shareholders (AGM). The main topics...
28/06/2024
INVESTMENT THESIS 1/ The company’s position in the industry is strong with a significant backlog. We estimate that the backlog for 2024-2025 will...