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.

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.

Vietnam - 31 May 2023

Top Daily Updated Real Estate News

Colliers Vietnam's Real Estate Highlights is the daily news summary updates on the Residence, Serviced Apartment, Office, Retail,

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.