Monthly Real Estate News | May 2023

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Vietnam - 04 May 2023

Top Daily Updated Real Estate News

Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

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Positive signals of real estate market

www.markettimes.vn

At the end of Q1, the real estate market witnesses many positive signs showing that it is on a recovery track when liquidity increases in some segments and regions.

Shopping malls lure tenants as street-front houses remain unoccupied

www.vnexpress.net

Retail spaces in HCMC’s commercial centers have mostly been filled in Q1 while street-front houses continue to stay empty, according to industry insiders.

Housing contract a must for the approval of loan from VND 120,000 billion package

www.vietnamnet.vn

Individuals buying social housing, and housing for workers must have a contract to buy social housing with the investor to be eligible to borrow a credit package of VND 120,000 billion.

Asian equities receive biggest foreign inflows in three months

www.reuters.com

Data from stock exchanges in India, Indonesia, the Philippines, South Korea, Taiwan, Thailand, and Vietnam showed foreigners purchased a net $872 million of equities in April - the biggest monthly buying since January.

Land policies to take effect since May 01st, 2023

www.tuoitre.vn

Land policies to take effect from May 01st, 2023 onwards include Decree 10/2023/ND-CP on redbook for condotels, officetels, etc.; conditions for joining land auctions.

Commercial center towers in Dist. 1

Positive signals of real estate market

Daily Real Estate News Highlights

Vietnam - 05 May 2023

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Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market. Colliers

Are buyers using this time to invest?

www.cafef.vn

According to Mr. David Jackson, CEO of Colliers Vietnam, real buyers and investors with strong capital are taking advantage of this "transition" period to negotiate agreements.

The Government adjusted and added a number of IPs in HCMC

www.sggp.org.vn

Deputy PM agreed to remove Bau Dung IP and Phuoc Hiep IP in Cu Chi district and Xuan Thoi Thuong IP in Hoc Mon from the city’s planning. Besides, adding 379-ha Pham Van Hai I IP and 289-ha Pham Van Hai II IP in Binh Chanh district into the development planning of industrial zones in HCMC.

Only 3 newly licensed commercial housing projects in the South

www.tuoitre.vn

The number of commercial housing projects in the South hit bottom in the first months of the year, while the most vibrant real estate market in the country ranks at the bottom in terms of newly licensed, under construction and completed projects.construction and completed projects.

Amkor Technology seeks to open Vietnam factory in fourth quarter

www.theinvestor.vn

U.S.-based Amkor Technology Inc., a global semiconductor product packaging and test services provider, expects its Vietnam mega facility to begin first-phase manufacturing in the fourth quarter of this year.

Mr. David Jackson CEO, Colliers (Vietnam)

The Government adjusted and added a number of IPs in HCMC

Daily Real Estate News Highlights

Vietnam - 08 May 2023

Top Daily Updated Real Estate News

Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

"Don't let land bank, legal and capital ruin the efforts of developing affordable houses" - CEO, Colliers (Vietnam)

www.cafef.vnt

The development of affordable and social housing requires efforts from both public & private sectors. Although businesses have shown their willingness to build, yet according to Mr. David Jackson, CEO, Colliers (Vietnam), there remain many obstacles slowing down new supplies.

BYD to make electric vehicles in Vietnam in Southeast Asia Push

www.bloomberg.com

BYD Co. plans to produce electric vehicles in Vietnam and expects support from the country’s government to do so, the Southeast Asian nation said following a May 5 meeting between Deputy Premier Tran Hong Ha and the automaker’s chairman and founder, Wang Chuanfu.

District-level People's Committee to approve land prices

www.vneconomy.vn

District-level People's Committees are now allowed to decide the price to compensate for land acquisition; collect land use fee for resettlement; calculate land use fee and rent, etc.

Apple supplier Quanta Computer okayed for first plant in Vietnamt

www.theinvestor.vn

Nam Dinh has granted an investment certificate for Apple supplier Quanta Computer to build a $120 million factory in the northern province, the giant's first in Vietnam and its ninth worldwide.

Mr. David Jackson CEO, Colliers (Vietnam)

BYD to make electric vehicles in Vietnam in Southeast Asia Push

Vietnam - 09 May 2023

Top Daily Updated Real Estate News

Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

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Lack of schools in urban areas and IPs

www.reatimes.vn

"Settling down" seems hard to achieve for both corporates and workers due to the lack of social infrastructure in IPs, especially housing and educational facilities. Regarding solutions, Mr. David Jackson, CEO, Colliers (Vietnam) assessed that this is a big challenge faced by the planners, developers and authorities in order to maintain investment momentum for the Vietnam industrial real estate in the long term.

Eurowindow to build $339 mln urban area in Thai Binh province

www.theinvestor.vn

Three subsidiaries of Eurowindow, Vietnam's leading producer of building materials, have registered to build a VND7.96 trillion ($339 million) urban area project in Thai Binh province, northern Vietnam.

Foxconn purchased massive plots of land in India & Vietnam for new factories

www.appleinsider.com

Foxconn is expanding its production in India and Vietnam, with the Apple assembly partner acquiring large stretches of land in both countries. In Vietnam, another unit of the company was in the middle of acquiring land use rights to a site in Nghe An province. That site is said to be 480,000 square meters in size, or 5.16 million square foot.

Construction of first VSIP industrial park in Mekong Delta to commence in June

www.theinvestor.vn

Can Tho city is aiming to kick off construction of the VSIP Vinh Thanh Industrial Park project by June. The 293.7-hectare IP, with an investment of VND3.72 trillion ($158.55 million), will be operated by VSIP Group, a joint venture between Sembcorp and Becamex, a major Vietnamese industrial developer.

Apartment supply fell to a record low in a decade in HCMC

An Eurowindow office building in Hanoi

Vietnam - 10 May 2023

Top Daily Updated Real Estate News

Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News

M&A to pick up in property market

www.vietnamnews.vn

Domestic property developers are looking to sell assets and shares to deal with debts, restructure, maintain cash flow and keep operations going. Meanwhile, experts assess that foreign investors have been active and this could ignite a much-needed boost to the market to speed up its recovery.

Many developers suddenly raise brokerage fees

www.zingnews.vn

Real estate developers offer attractive commission rate such as marketing fee, brokerage fee and hot bonus as many exchanges closed and realty agents quit their jobs in bulk. The move was made in an effort to warm up the market.

Confirmed 4.8%/year for interest rates of social housing loans

www.thanhnien.vn

An offical decision has been made on the preferential lending interest rate applied to loans with outstanding balances to buy, rent-purchase social housing, and build new or renovate and repair residential houses.

Status of condotel ownership may require further direction

www.vir.com.vn

Although a new decree will allow the issuing of ownership certificates to condotels, experts say the regulations will still be inadequate and need to be supplemented in the near future to create a good enough legal corridor for the thousands of condotels in the market.

UOB Keeps Most Citi Staff After Southeast Asia Retail Buyout

www.bloomberg.com

United Overseas Bank Ltd. will keep most of Citigroup Inc.’s employees after buying the US bank’s consumer assets in Indonesia, Malaysia, Thailand and Vietnam.

The real estate market has not yet come out of the quiet period

A property project by Novaland in HCMC

Vietnam - 11 May 2023

Top Daily Updated Real Estate News

Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

"Underwater waves" in retail spaces

www.vnbusiness.vn

Parkson leaving Vietnam is a costly lesson in the race for market shares in retail spaces. Ms. Trang Do, Manager of Retail Services, Colliers (Vietnam) said that the retail market is attractive but more fierce as international brands continue to expand in Vietnam. The competition is getting intense, and industry player who change slowly will lose the game.

Hanoi maps out key infrastructure projects

www.english.thesaigontimes.vn

The Hanoi City administration is seeking to finish work on two beltway projects, complete its centripetal expressway system and build an express rail link between the city and the north-central province of Nghe An.

Rights and responsibilities of consulting organizations in charge of determining land prices

www.laodong.vn

Article 116 of the 2013 Land Law clearly stipulates the rights and obligations of organizations with the function of consulting and determining land prices.

A series of real estate projects in Long An forced to terminate

www.phunuonline.com.vn

The People's Committee of Duc Hoa district, Long An province has just issued a series of decisions on terminating the implementation of decisions approving planning projects for a series of real estate projects in the area. Some projects to mention are detailed construction planning project of 1/500 scale of residential area in Duc Hoa Ha commune; a commercial residential project, with an area of 14 ha; Residential Project Duong Gia Thinh – Hiep Hoa, with an area of 13.4 ha, etc.

A map shows the direction of the Hanoi Beltway No. 4 project

Parkson's "escape" shows that the competitive pressure on retail space is huge

Vietnam - 12 May 2023

Top Daily Updated Real Estate News

Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Rents of coastal apartment increase sharply

www.laodong.vn

With tourism recovering, rents of coastal apartments at resorts are thriving again with high occupancy rates. David Jackson - CEO of Colliers Vietnam - stated that the recovery momentum of the serviced apartment market in Q1/2023 is quite optimistic in the context of facing difficulties in liquidity.

Apple to open first online shop in Vietnam in a push to emerging market

www.reuters.com

Apple (AAPL.O) said on Friday it would open its first online store in Vietnam next week, as the iPhone vendor doubles down on emerging markets to drive growth amid slowing sales in China. The opening on May 18 comes just weeks after the Cupertino, California-based company opened its first Apple stores in India - Mumbai and Delhi.

Thanh Hoa auctions the golden land to build a hypermarket

www.thesaigontimes.vn

With a total investment capital of about 190 million USD, Aeon Mall Thanh Hoa is expected to start construction in early 2022, but is 18 months behind schedule. The project has just been restarted by the Provincial People's Committee and is completing the construction procedures in the fourth quarter of 2023.

Japfa Vietnam inaugurates 2 factories in Binh Phuoc

www.vnexpress.net

Japfa Vietnam held the inauguration ceremony of Binh Phuoc feed mill and slaughterhouse at Minh Hung Sikico industrial park, Hon Quan district, Binh Phuoc, on May 10. As one of the most modern projects of Japfa Vietnam, the first phase of the feed mill will produce 240,000 tons a year with an investment of nearly 400 billion VND.

Rent of coastal apartment has risen sharply

The Apple Inc logo is seen at the entrance to the Apple store in Brussels, Belgium November 28, 2022

Vietnam - 15 May 2023

Top Daily Updated Real Estate News

Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Social housing getting heated in large suburb residential areas

www.cafef.vn

Developing social housing is not easy, but the market is showing positive signs with supporting policies and the developers' active moves. Thanks to rapid urbanization, satelite localities will become new destinations for real estate investment and development, including affordable housing and social housing due to the abundant land fund and many investment incentives.

Kido Group to take over Parkson Hung Vuong

www.zingnews.vn

Kido is currently completing procedures to increase its ownership rate to 76%. In which, Kido Group will buy 32% shares from partners, including Vinacapital. The agreement between the two parties has almost been completed, Kido will have full control over this shopping mall in August. This project will have 7 floors with a commercial floor area of 30,000 sqm, total investment is 200 billion VND.

Vietnam's largest non-tariff hub breaks ground in Hai Phong

www.e.vnexpress.net

Construction of a VND11.1 trillion ($473.15 million) non-tariff logistics and industrial zone in the northern city of Hai Phong began Saturday. The project covers 752 hectares in Dinh Vu – Cat Hai economic zone. About 370 hectares of the area is earmarked for manufacturing and the rest for warehouses and logistics facilities.

Long An calls for investors to build urban area

www.en.vneconomy.vn

Long An is calling for investors to build the Thanh Phu - Tan Buu residential area in Ben Luc district. Total investment is estimated at over VND6.16 trillion ($260 million). The project will cover an area of 143.79 ha with 240 adjacent houses, 170 commercial houses, and 244 villas.

Parkson Hung Vuong has been closed and renovated for many months

According to Mr. David Jackson, the formation of new satellite towns around HCMC is an inevitable development trend.

Vietnam - 16 May 2023

Top Daily Updated Real Estate News

Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Office rankings help increase market transparency

www.e.vnexpress.net

The ranking of office buildings will improve the quality of buildings and help tenants to evaluate properties accurately, ensuring reasonable rents for each segment. According to Colliers, in 2022-2023, the number of green buildings in the Asia-Pacific region will increase by 22%. By 2030, this number is expected that up to 42% of buildings will be greened.

HCMC to grant 81,000 pink books in 300 projects

www.nld.com.vn

HCMC Department of Natural Resources and Environment has divided 300 commercial housing projects into 6 groups to remove difficulties and speed up the process of granting pink books. In which, identifying specific timelines to issue pink books for about 81,000 houses.

No VAT reduction for real estates and stocks

www.tuoitre.vn

The Government has just submitted a report to the National Assembly on continuing to reduce VAT by 2% under Resolution 43/2022. Accordingly, this tax reduction will not apply to groups of goods such as telecommunications, IT, finance, banking, securities, insurance, real estate, metals, and metal products, prefabricated products, mining products, refined petroleum products, chemical

HCMC aims to convert 648ha of non-agricultural land to residential land

www.vneconomy.vn

Information on the approval of the land use plan for the period 2021-2025 in the HCMC has just been submitted by the Department of Natural Resources and Environment to the City People's Committee. Regarding the plan to change the land use purpose, HCMC set the target of converting 9,867 hectares of agricultural land to non-agricultural land; changing the structure of using 4,480 hectares of land within agricultural land; converting 684 hectares of non-agricultural land to residential land.

M-One South Saigon apartment building is one of many places where residents wait for the pink book.

The central area of District 1, HCMC, gathers many grade-A office buildings.

Daily Real Estate News Highlights

Vietnam - 17 May 2023

Top Daily Updated Real Estate News

Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

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Vietnam real estate market: Chance for foreign capitals

www.bds.tinnhanhchungkhoan.vn

The current environment of untapped capital flows and limited credit is viewed as a good opportunity for foreign capital to expand its presence and influence in Vietnam's real estate sector.

Da Nang: Thousands of condotels converted into residential apartments

www.tuoitre.vn

Four towers at Da Nang Times Square were approved by the government to be converted from condotel to residential apartments. Lying in front of My Khe beach, the project has thousands of apartments and has been completed for a few years.

VSIP to develop a 600-hectare industrial park in Lang Son

www.english.thesaigontimes.vn

The Government has green-lit a nearly-600-hectare industrial park in the northern province of Lang Son, which will be developed by Vietnam Singapore Industrial Park J.V. Co. (VSIP).

Localities asked to urgently issue pink books for condotel, officetel

www.tuoitre.vn

The Ministry of Natural Resources and Environment proposes localities to issue pink books for hotels, resort villas, and office apartments combined with accommodation... pursuant to the provisions of Decree No. 43.

VAT reduction for securities, real estate sectors proposed

www.vietnamnet.vn

National Assembly Chair Vuong Dinh Hue has requested consideration of a suggestion to add banking, securities and real estate businesses to the list of business fields subject to a reduction of the value-added tax (VAT) from 10 percent to 8 percent.

Condotel project with thousands of apartments right on My Khe beach

Foreign investors are also very interested in residential real estate.

Daily Real Estate News Highlights

Vietnam - 18 May 2023

Top Daily Updated Real Estate News

Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

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M&A in real estate tends to increase

www.vovgiaothong.vn

According to statistics, more than 1.7 billion USD is the total value of real estate M&A deals in Vietnam in 2022 - the highest level in the past 5 years. In 2023, the M&A trend is projected to continue as a solution to "surmount difficulties" by accelerating the restructuring of projects and diversifying domestic and foreign investment capital sources.

Ba Ria – Vung Tau removes obstacles for its real estate market

www.tienphong.vn

The People's Committee of Ba Ria-Vung Tau province requested departments and localities to implement solutions to remove and promote the safe, healthy and sustainable development of the real estate market, strictly complying with regulations on planning and programs. housing development for social housing development.

Longer e-visa validity will boost tourism: Govt

www.english.thesaigontimes.vn

The Government said that the proposal for extending the e-visa validity to 90 days would help attract foreign tourists and investors who want to explore investment opportunities in Vietnam.

Boeing boosts footprint in Vietnam with permanent office

www.vir.com.vn

With the opening of permanent office in Vietnam, Boeing has demonstrated its strong interest and long-term commitment to Vietnam. Dr. Brendan Nelson, president of Boeing Global, and Michael Nguyen, managing director of Boeing Vietnam, spoke with VIR’s Bich Thuy about the future plans of the company.

Ba Ria - Vung Tau introduces land fund for social housing investment

M&A in real estate tends to increase

Vietnam - 19 May 2023

Top Daily Updated Real Estate News

Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

The Ace helps the profit of the listed real estate group to peak in 5 years

www.doanhnghiepkinhdoanh.doanhnhanvn.vn

Despite the general challenging market context, the listed real estate group increased revenue by 39% and profit by 66% in the first quarter of this year. In which Vinhomes Joint Stock Company is viewed as the Ace, accounting for more than 79% of the group's earnings in 5 years, amounting to 11,917 billion VND.

US automaker Polaris commences construction of northern Vietnam factory

www.theinvestor.vn

The U.S.-based Polaris, an automaker conducted a groundbreaking ceremony for its factory in Vinh Phuc province on Wednesday. The 12-hectare factory in Ba Thien II Industrial Park, Binh Xuyen district, has a total investment of $40 million and is set to employ 600 local employees.

Binh Duong issues new regulation on separating land plots

www.baodautu.vn

The People's Committee of Binh Duong province has just issued Decision No. 12/2023/QD-UBND stipulating the conditions for land plot separation, consolidation, and minimum area for each type of land in Binh Duong province.

Officially launch Nha Trang - Cam Lam and Vinh Hao - Phan Thiet expressways

www.vnexpress.net

On May 19, the 49 km long Nha Trang - Cam Lam highway in Khanh Hoa and the more than 100 km Vinh Hao - Phan Thiet highway in Binh Thuan were both opened to traffic.

High rents remain in available retail spaces

www.vneconomy.vn

Many retail spaces for rent in the center of District 1, HCMC have been vacant for a long time, but the price has not been reduced, even though the rental price is up to more than half a billion VND/month.

Polaris kicks off construction of its Vinh Phuc factory, northern Vietnam on May 17, 2023.

The underground wave of M&A proves the prospects for apartments and townhouses

Daily Real Estate News Highlights

Vietnam - 22 May 2022

Top Daily Updated Real Estate News

Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

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Vietnam to have roughly 100 hotels in the next three years

www.zingnews.vn

According to Colliers (Vietnam), hotel supply in Vietnam has been growing three folds over the past 10 years, with mid-scale and luxury rooms increasing the strongest. Moreover, the number of international hotel brands are expected to double by 2025, from 127 in 2022 to 261 projects in 2025.

AEON Group plans to open 20 shopping malls in Vietnam

www.plo.vn

AEON has invested more than 1.18 billion USD, opening six trade centers in major provinces & cities of Vietnam. Mr. Akio Yoshida, Representative Executive Officer of Aeon Co Ltd., said that in the coming time, AEON will develop about 20 commercial centers in Vietnam, focusing on supermarket business and entertainment.

How Can Gio will turn into a seaside resort town

www.e.vnexpress.net

HCMC authorities unveiled a detailed new 1/5,000-scale zoning plan for a resort town in Can Gio. This plan will help to make this town to become an entertainment & tourism hub not only of HCMC but of Southeast Asia.

HCMC DONRE resolves difficulties in 9 real estate projects

www.zingnews.vn

In 101 petitions related to 96 projects with problems, the HCMC DONRE has completed & resolved 10 petitions in 9 projects, in addition to 73 petitions being handled.

Arterial road at gateway of HCMC to be expanded

www.vnexpress.net

Tan Ky Tan Quy Street, nearly 2 km long in Binh Tan district, was widened by 8-10 meters to 30 meters, helping to reduce traffic jams and opening the northwestern gateway of the city.

Prime Minister Pham Minh Chinh receives Mr. Akio Yoshida, Executive Chairman of AEON Group

The supply of resort real estate is expected to have many breakthroughs in 2025

Daily Real Estate News Highlights

Vietnam - 23 May 2023

Top Daily Updated Real Estate News

Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

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Facing challenges, hospitality real estate market becomes more fierce

www.vnbusiness.vn

In response to increasing competitive pressure, shrinking market share, and general economic difficulties, Colliers expert commented that foreign investment funds with capital waiting to be deployed & long-term vision may play a smart bet through M&A in the near future.

Nam Dinh to have a new 200-ha industrial park

www.vneconomy.vn

Nam Dinh Provincial People's Committee has just approved the construction subdivision planning of Trung Thanh IP, Y Yen district, scale 1/2000. This will be a modern, civilized, multi-industry industrial park, meeting the needs of receiving industrial production facilities…

SBV continues to cut interest rates from May 25

www.baochinhphu.vn

The State Bank of Vietnam (SBV) has just announced a series of interest rate reductions. This marks the third time it has decided to lower operating interest rates since the beginning of 2023.

Exclusive: Vietnam's No Va Land in talks with Credit Suisse, others to restructure debt

-source

www.reuters.com

Vietnamese property giant No Va Land Investment Group Corp (NVL.HM) is in talks with creditors to restructure part of its $1 billion foreign debt, according to two people familiar with the matter, amid turmoil in one of the country's top industries.

Nam Dinh to have a new 200-ha industrial park

The number of international hotel brands is expected to double in the next 3 years

Vietnam - 24 May 2023

Top Daily Updated Real Estate News

Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

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Lack of land bank for industrial development

www.diendandoanhnghiep.vn

Despite showing interest, foreign investors still find it hard to find a suitable land bank in Vietnam's Southeast region. Mr. David Jackson, CEO, Colliers (Vietnam) suggests developing IPs under ecological model to better attract quality investments.

India's Adani Group weighs $3 bln investment in Vietnam

www.reuters.com

India's Adani Group is exploring the possibility to invest up to $3 billion in seaport and renewable energy projects in Vietnam, the Vietnamese government said in a statement on Wednesday.

Quang Ngai launches 9 social housing projects for low-income & workers

www.baodautu.vn

Quang Ngai province has 9 social housing projects that are about to be implemented to meet the needs of workers and low-income people.

HCMC to commence a 500-bln-VND bridge connecting District 7 and Nha Be

www.thanhnien.vn

The supervisory delegation of the HCMC Party Committee led by Mr. Nguyen Ho Hai, Deputy Secretary of the HCMC, organized to supervise the disbursement of public investment capital to implement the construction project of the Rach Dia bridge (connecting district 7 & Nha Be District), with a total investment of more than 512.7 billion VND.

The logo of the Adani Group in Ahmedabad, India

Mr. David Jackson CEO, Colliers (Vietnam)

Daily Real Estate News Highlights

Vietnam - 25 May 2023

Top Daily Updated Real Estate News

Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

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Real estate segment has the largest inventory

www.plo.vn

The segment of apartments and townhouses across the country appeared quiet recently due to a slowdown in transactions. However, many real estate firms are being compelled to sell projects, indicating that the market is shifting dramatically with large-scale M&A transactions.

Commencing component projects of Chau Doc - Can Tho - Soc Trang expressway

www.vneconomy.vn

Four component projects with a total length of 188 km of the Chau Doc - Can Tho - Soc Trang expressway project passing through four localities including An Giang, Can Tho, Hau Giang and Soc Trang will begin on June 17.

Deputy PM: The 120k-bln-VND package is not for 'rescuing' real estate

www.zingnews.vn

The credit package of VND 120,000 billion for purchase and development of social housing has not been disbursed, the State Bank has requested credit institutions to urgently deploy.

Industrial developers eye the effects of upcoming tax regime

www.vir.com.vn

Industrial real estate developers must be more proactive in responding to the upcoming global minimum tax policy by improving the quality of industrial zone infrastructure and providing more utilities for their tenants.

Many hotels in HCMC shut down, up for sale

www.tuoitre.vn

Not only shops and restaurants, many hotels in HCMC downtown have stopped operation, put up for sale or changed its function due to lack of foreign tourists and revenues from tourism services.

Industrial real estate rental prices tend to increase in the coming time

Vietnam - 26 May 2023

Top Daily Updated Real Estate News

Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

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News

Real estate continues to attract foreign capitals

www.bds.tinnhanhchungkhoan.vn

In the context of congested domestic capital flows, the real estate market is attracting the attention of foreign investment funds. Vietnam has great potential for real estate investment with a stable economy - politics - society, and especially high demand in most product segments.

Keppel Corp, Keppel Vietnam Fund acquire 49% stake in two Khang Dien projects

www.dealstreetasia.com

Singapore's Keppel Corporation and Keppel Vietnam Fund (consortium) has entered into binding agreements to acquire 49% interest in 2 adjacent residential projects of local real estate developer Khang Dien Group for an aggregate consideration of 3,180 billion VND ($138 million).

Binh Duong: highest compensation fee for land acquisition of Ring Road 3 reaches VND42 mln/sqm

www.thesaigontimes.vn

The People's Committee of Binh Duong Province has decided on the land unit price to support the site for the Ring 3 project. The highest compensation level is VND42 mln/sqm.

Over 10,000-bln-VND for developing worker and social housing in Dong Nai

www.plo.vn

The plan to develop worker housing & social housing in Dong Nai province by 2025 is expected to build 10,000 units with a total investment of 10,155 billion VND.

Auction of many land plots in suburban Hanoi to be held, price starting from 31mln VND/sqm

www.vietnamnet.vn

Nearly 200 plots of land in some districts near Hanoi will hold auctions in late May and early June 2023. The lowest starting price is 16 million VND/sqm.

Keppel Corp, Keppel Vietnam Fund acquire 49% stake in 2 Khang Dien projects

Mr. David Jackson CEO, Colliers (Vietnam)

Daily Real Estate News Highlights

Vietnam - 29 May 2023

Top Daily Updated Real Estate News

Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

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Typical apartments return to the market

www.phunuonline.com.vn

After a long time of focusing only on the mid and high-end scale, the supply of affordable apartments has returned to the housing market in HCMC in the first 3 months of the year. Experts predict that this will be the key segment leading the market in 2023.

Hai Phong commences social housing project of 2,500 units

www.baotintuc.vn

On the afternoon of May 28, Hai Phong City People’s Committee held a groundbreaking ceremony for the construction of the social housing area under the Trang Due Commercial Service and Worker Housing Urban Area Project (Evergreen Trang Due Social Housing), in the commune area Le Loi, An Duong district.

Selling prices of apartments much higher than construction cost

www.tienphong.vn

Deputy Minister of Construction

Bui Hong Minh has just signed a decision to announce the investment capital for the construction of the work. Accordingly, the average cost to build 1m2 of apartments is much lower than the price of apartments on the market today.

Condotel market in an effort to recover

www.thesaigontimes.vn

The downward cycle is marked by the fall of the Cocobay project in Da Nang nearly 5 years ago. Positive signals also appeared here when the city government signed 2 important decisions related to condotel products of businesses in the area. Accordingly, the huge amount of assets trapped in this type of property is showing signs of recovery in reality.

Typical apartments are believed to be leading segment.

Groundbreaking Ceremony

Vietnam - 30 May 2023

Top Daily Updated Real Estate News

Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Foreign investors snapping up cheap hotels in Vietnam

www.e.vnexpress.net

Foreign investors are taking advantage of the low prices of hospitality properties in Vietnam to acquire hotels and resorts. Mr. Morgan Ulaganathan, Head of Asset Services & Hospitality Advisory, Colliers (Vietnam) assesses that the international hotel brands are using this time to increase their market shares in Vietnam before tourism industry fully recovers.

Businesses take 32.2 hours to conduct one land procedure

www.vnexpress.net

To carry out an administrative procedure regarding land, on average, each enterprise has to spend 32.2 hours, a direct cost of about 3.8 million VND. This result is presented in the Administrative Procedures Cost Assessment Index Report 2022 (APCI 2022), surveying 3,092 businesses.

Social housing supply expected to increase sharply

www.vneconomy.vn

More than thousands of people gathered from early morning to participate in the draw to choose 149 social housing options at NHS Trung Van project. Many social houses after 5 years resell for double the original price. Other projects that have not been opened for sale have been advertised which differential prices at tens or hundreds of millions VND still attracting buyers to order.

Binh Thuan: Over 15,000 bln VND invested in industrial parks

www.baodautu.vn

Binh Thuan has 6 industrial parks that have been invested and built, with a total area of 1,093 ha; attracted 86 secondary investment projects with a total capital of more than 15,000 billion VND.

New decree to raise investor confidence in leisure property market

www.vir.com.vn

A new government decree is expected to help remove difficulties for the domestic leisure property market, which is experiencing a 10-year low in demand, experts have said. Decree No. 10/2023/ND-CP on amending and supplementing some articles of the decree guiding the implementation of the Land Law has come into force from May 20, 2023.

Colliers News

Beach resorts in Da Nang City seen from the cockpit of an airplane

Vietnam - 31 May 2023

Top Daily Updated Real Estate News

Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Ba Ria-Vung Tau determines to start the construction of 2 key traffic projects

www.plo.vn

On June 18, 2023, Ba Ria-Vung Tau will start the construction of two key projects on inter-regional transport, which will play a particularly important role in the future development of the province.

HCMC: New fee applied in issuing red books

www.tuoitre.vn

From June 1, 2023, the Land Registration Office of HCMC will apply a new fee for the procedures of appraising the red book application & registering the secured transaction.

Exclusive: Vietnam eyes multi-million-dollar handouts to Samsung, others to offset global tax

www.reuters.com

Samsung and other foreign companies are pushing Vietnam to introduce a multi-million-dollar reform that would compensate them for higher levies they face from next year under a global overhaul of tax rules, a source involved in the talks said.

Dong Nai will auction 36 land plots worth about 800 bln VND

www.thesaigontimes.vn

According to VNA information, Dong Nai Provincial People's Committee has issued a document on the plan to auction land use rights in the area in 2023. In which, by the end of 2023, Dong Nai will auction 36 land plots with an area of more than 77 hectares. , with a total value of about 800 billion VND.

Vietnam projected to become 20th largest global economy

www.vir.com.vn

According to the International Monetary Fund (IMF), Vietnam's GDP based on purchasing power parity (PPP) stood in 25th position globally in 2022, ranking just below countries such as Australia, and Poland.

The change in transaction fee will be applied from June 1, 2023

Real estate supply in the east of Ha Noi will increase sharply in the future

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