1. Background and rationale of the study
1. The growth of the high stamp out and luxurious condominium market in capital of Vietnam
During the last 10 years, Vietnams vibrant economic growth, stable political conditions, change magnitude living standards, rapid urbanization and growing foreign enthr anement have been the key drivers in attracting both foreign and internal property developers. Key factor in Vietnams choose is attributed to the so called China-Plus-One scenario wherein investors seek to reduce the excessive independence on China and to diversify their business risks and costs in another(prenominal) country in Asia (such as Vietnam). In addition, in November 2006, Vietnam became the hundred-and-fiftieth member of the World Trade Organization (WTO) widened the opportunities for investors as it improves the liquidity, efficiency and transparency of the property market.
Hanoi, the capital of Socialist Republic of Vietnam, is one of the two main metropolitan centres for investiture. Among the cities in Vietnam, it has the highest Human information Index which is a summary indicator of peoples well-being by combining indicators of life expectancy, educational achievement and income into a composite human development index (according to Hanoi Travel).
Driven by economic growth, rising foreign investment and deregulation, the residential property market in Hanoi was heat and peaked in 2007 when the average damage was double in some areas compared with that in 2006. Rising demand for condominium lodging and a shortage of supply were the main causes of the booming market. However, because of the uphold of the economic downturn recently, the sales prices of residential property brood to trend down from the last quarter of 2008. For luxurious and high-end condominiums projects, the price seems to head back to their price level in 2007. (Note: you claim to relate what you mentioned in the para above to the graph beneath and you need to give a title and Chart no.)...If you privation to get a full essay, order it on our website: Orderessay
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