Wednesday,  Oct 24, 2018,06:19 (GMT+7) 0 0
Real estate to benefit from stock market surge this year
Thursday,  Feb 1, 2018,17:34 (GMT+7)

Real estate to benefit from stock market surge this year

HCMC – With the upsurge of the stock market since last year, there will be great chance of capital flowing into the real estate market, VnExpress reports, citing economic expert Dinh The Hien.

The 2006-2007 period was considered the heyday of the stock market with a noticeable correlation with the real estate market, which is likely to repeat this year, Hien said.

According to Hien, securities investors earning big bucks from the stock market have been channeling their money into the real estate market. Successful securities investors tend to lock in profits by buying properties. 

Hien said that last year was a successful year of the stock market, whereas gold and U.S. dollar investment channels appeared to be less profitable.

Interest rates tend to rise and hit 7% a year. Such returns are more effective than investments in gold and U.S. dollar, but cannot generate considerable profits. Meanwhile, the VN-Index of the Hochiminh Stock Exchange has picked up 48% in the past year, the highest in comparison to other financial investment channels, stimulating real estate investments.

In addition, listed real estate businesses grew strongly last year with rises of assets, chartered capital and stock value. They were also able to mobilize huge capital from the stock market last year.

Hien said the stock market will continue to grow in the early months of this year before correcting in the middle of 2018. However, the VN-Index is seen ranging from 1,130 to 1,200 points at the year-end, up 15%.

Share with your friends:         
Publication Permit No. 321/GP-BTTT issued on October 26, 2007
Deputy Editor-in-Chief: Pham Huu Chuong
Managing Editor: Nguyen Van Thang.
Assistant Managing Editor: Pham Dinh Dung.
Head Office: 35 Nam Ky Khoi Nghia St., Dist.1, Ho Chi Minh City, Vietnam. Tel: (84.28) 3829 5936; Fax: (84.28) 3829 4294.
All rights reserved.