Future of real estate in post-COVID-19 world

The year 2021 is ending with bright colours as real estate investment has become buzzing again.
Reports from well-known worldwide organisations have also delivered a bright picture in the
late months of the year, creating momentum for 2022.
Despite the impact of the pandemic, real estate markets across the world such as the US,
Australia, Canada, and South Korea are still experiencing a “fever”, with skyrocketing real estate
prices.
In the US, new houses are being “hunted”, causing house prices to jump 20-30 per cent
compared to pre-pandemic levels. Surging house sales and prices were attributed to a
combination of low-interest rates, government stimulus packages, and a rush of homebuyers
looking to expand their living space while staying at home during the pandemic.
Data from the Australian Bureau of Statistics (ABS) has also revealed that Australian residential
property prices increased by 6.7 per cent in the second quarter of 2021. House prices are higher
than they were in pre-COVID-19, with a staggering 19 per cent jump.
In China, a series of post-COVID-19 government regulations and the impact of Evergrande have
limited real estate investment opportunities, causing investors to redirect their cash flows to
Southeast Asia. Many Chinese and Taiwanese investors have been paying greater attention to the
industrial and residential real estate market in Vietnam.

Albeit Vietnam was affected by the fourth wave of COVID-19 from late April, the country’s real
estate market has always been the centre of attraction for world investors. Projects located in
satellite cities, which have space to develop infrastructure and utilities, always draw the attention
of investors from China, Taiwan, Japan, South Korea, Singapore, and more as this is a potential
market for foreign investors wanting to diversify their investment portfolios and looking for
profit potential.
Especially after Vietnam’s southern localities have eased social distancing measures, the real
estate market began to show signs of growth and strong recovery. One highlight, in this case,
was the auction event for “golden” land areas in Ho Chi Minh City on December 10. The
winning bid was nearly $105,000 per square metre, far exceeding the world’s most expensive
real estate areas in the US and Hong Kong (China).
That means that despite impacts of the fourth wave of COVID-19, real estate investors still see
opportunities.
It is also a motivation for Dat Xanh Services – part of Dat Xanh Group, a major developer based
in Ho Chi Minh City – and International Real Estate Services JSC (VIRES – a member of Dat
Xanh Services), and FINA (a fintech platform), to organise the "Vietnam Real Estate Post-
COVID: Opportunities and Challenges” talkshow to provide international customers the most
comprehensive overview of the Vietnamese real estate market.
A talkshow on global real estate to be held in Vietnam
According to the Organising Committee, this is the first global-scale real estate event held in
Vietnam, with two main languages (English and Chinese). The event aims to review the global
real estate market in 2021 with multi-dimensional perspectives from experts and check the
Vietnamese real estate market along with opportunities and solutions for investors in 2022.
This talk show will provide viewers an online connection with international experts from the
hottest real estate markets at the moment, such as the US, Australia, China, and Taiwan. Experts
in each of these countries will talk about the real estate picture in their country while the world is
still affected by the pandemic; their investment experiences in the new normal; land and property
segments where price rises, and more.
Part of the event, discussions would feature a wide lineup of real estate, financial, and economic
experts, including Vincent Nguyen, CEO of VIRES; Alex Pham, chief economist of Dat Xanh
Services, CEO of FINA; and John Hoang, marketing director of Dat Xanh Group; along with
distinguished guests, including Conrad Hung, CEO and founding partner of VPAC Capital
(China); Lina Chu, founding president of AREAA Inland Empire (US); Laura Pamatian, founder
of HEIGHTZERO Real Estate and Consulting (US); Michael Thai, CEO of Spire Property
(Australia); CK Tsao, chairman of Chunxi Financial Consultant Corporation (Taiwan), among
others, promising to bring the most accurate market panorama with valuable comments on post-
COVID-19 real estate investment opportunities.