Below is the interview on property market for 2012 between Lao Dong newswire and Marc Townsend, CEO of CBRE Vietnam.

Could you please predict or take on expectation of FDI inflow in property market this year?

Information concerning project transactions has now been made known widely making property market more and more transparent. Recent times have seen a dramatic decline in property prices making them more realistic, which would enhance more transactions among domestic investors and between local and foreign investors.

Capital inflows into the real estate market are, therefore, expected to surge. Moreover, large investment funds with significant projects are also eying Vietnam.

In the light of the market downturn, which is the best option- gold, securities or property-to invest money?

Property is not the investment channel that could produce immediate profits. I guess buyers would greatly benefit from the potentially huge supply of some 40,000 apartments as well as transparent market and developers' stronger commitments.


Who do you think will be put at a disadvantage in this market this year, buyers or sellers?

Both sellers and buyers have their own difficulties. For investors, capital related and financial issues which are in close connection with inflation, costs, construction materials as well as borrowing would be puzzling.

Also, inflation could hurt buyers who are always wondering whether or not it is convenient time to purchase and prices hit the bottom.

        

 

      

Source Vietbiz24