Monthly Real Estate News I April 2023

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Vietnam - 03 April 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

Real estate businesses 'buying' time to restructure

www.thesaigontimes.vn

After negotiating with bondholders successfully, many companies are pushing restructure processes to resolve financial problems.

Mr. David Jackson - CEO, Colliers (Vietnam) shared that M&A will play as a 'lifesaver' to rescue domestic businesses and a new momentum for recovery.

Khanh Hoa okays $1.3 bln private investments

www.theinvestor.vn

South-central Vietnam's Khanh Hoa province granted investment certificates or in-principle approval to eight big projects worth VND31.2 trillion ($1.33 billion) on Sunday. Among the most notable projects is the Cam Ranh Bay urban area project with total registered capital of VND85.2 trillion ($3.63 billion).

Daily Real Estate News Highlights

Vietnam - 04 April 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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Industrial real estate shine with prospects

www.nld.com.vn

The Vietnam industrial market is currently driven by demand. Mr. Vu Minh Chi, Senior Manager, Industrial Services, Colliers (Vietnam) said that one of the reasons is due to the supply has not yet met requirements of investors regarding the quality & services.

Real estate enterprises entered a race against time to restructure

Condotel and Officetel to be issused pink book

www.thanhnien.vn

Decree 10, amending the guiding decrees for the Land Law, will be effective from May 20. Accordingly, the condotel, officetel if built on commercial-service land, will be recognized home ownership right with a term of 50 years.

Posco E&C and Filmore Development collaborate on real estate development

Officially approved the plan of 1 million units of social housing

www.plo.vn

Deputy Prime Minister signed a plan of one million social housing for low-income people which aims to complete by 2030. The short-term goal is to provide 428,000 units by 2025 with a total investment of about VND849,000 billion, mainly by private capital.

Vietnam says to sign free trade pact with Israel this year

www.reuters.com

Vietnam and Israel will sign a free trade agreement later this year, after completing seven years of negotiation, the Southeast Asian country's government said on Monday.

www.dantri.com.vn

Posco will works with Filmore for its high-end real estate projects in HCMC and further smart urban projects as well as other potential areas in the Vietnam market.

Bad debt of real estate bonds reached more than 20%

www.baodautu.vn

Among 69 bond issuers that are unable to meet their debt obligations, there are 43 real estate companies (62.3%) with the total value of corporate bonds being delayed at VND78,900 billion, accounting for 83.6% of the total late corporate bond value.

Prime Minister Pham Minh Chinh (middle) and other leaders at the conference

Mr. Chi Vu Senior Manager, Industrial Services Colliers (Vietnam)

Resort real estate is on the rise

Daily Real Estate News Highlights

Vietnam - 05 April 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

The peak of the real estate M&A wave

www.nhipcaudautu.vn

Low liquidity is just the tip of the iceberg. Mr. David Jackson, CEO, Colliers (Vietnam) assesses that investment activities are getting vibrant in the Vietnam real estate market, with transactions valuing up to billion dollars.

Vietnam - 06 April 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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HCMC lacks of apartment project launched in the beginning of 2023

www.baoxaydung.com.vn

In 2023, the Ho Chi Minh City apartment market is expected to have 18 new projects open for sale, supplementing the supply of about 20,000 units. New supply is mainly located in Thu Duc city, Binh Tan, Binh Thanh, Binh Chanh and Nha Be district, according to the latest report of Colliers Vietnam.

Dong Nai

www.plo.vn

relocates the administrative center

to Bien Hoa 1 IP

The new administrative and political center of Dong Nai province will be built in Bien Hoa 1 Industrial Park with a scale of 19 hectares. This IP is being converted into a commercial and service urban area.

HCMC: Signs of recovery as real estate 'giants' preparing to launch new supply

www.diendandoanhnghiep.vn

With positive signals from the market and the increasing demand for people to find a place to live, investors are preparing final steps to introduce new projects to customers.

Approving the investment policy of Binh Xuyen II IP project

www.congthuong.vn

The Government approved the policy of investment in the construction and infrastructure business of Binh Xuyen II Industrial Park (Vinh Phuc) and approved the investor as Fuchuan Co., Ltd. The project objective is to invest in the construction and business of industrial park infrastructure with the project's land use scale of 63,1139 ha.

PM approves investment policy of Cam Ranh Bay urban area

www.vov.vn

Covering 1250ha, the project will have townhouses, villas and social houses. Total investment capital is more than 85,000 billion VND, excluding compensation and resettlement costs. Project implementation progress from 2023 to 2027.

Government proposes off-plan properties to be conducted via real estate exchanges

www.vnexpress.net

The proposal of off-plan properties to be transacted via real estate exchanges was included in the draft Law on Real Estate Business (amended) by the Government to the National Assembly Standing Committee on April 5, 2023.

Premises at intersection getting sluggish due to picky owner

www.zingnews.vn

There are premises in HCMC that have been vacant for 2 years, but the landlord still hangs the rent for more than one billion VND/month and wants the tenants to be famous brands.

The new urban area will change the face of Cam Ranh Bay

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

Mr. David Jackson CEO, Colliers (Vietnam)

A corner of Bien Hoa 1 IP

Vietnam - 07 April 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

Is this the right time to buy real estate?

www.zingnews.vn

Supply remains tight yet interest rates have 'cooled down' with more credits offered, making current house prices considerably good for investors to 'park their money'. Colliers experts forecast that the real estate market will start to stabilize from mid-2023. In anticipation of that opportunity, the consulting firm believes that there is a large amount of capital waiting for investment opportunities.

Government proposes off-plan properties to be conducted via real estate exchanges

www.vnexpress.net

The proposal to sell real estate on paper via real estate exchanges was included in the draft Law on Real Estate Business (amended) by the Government to the National Assembly Standing Committee on April 5, 2023.

A deposit of 20% of land value is required when auctioning land use rights

www.thesaigontimes.vn

The Government has just issued Decree No. 10/2023/ND-CP amending the decree guiding the Land Law. In which, supplementing regulations and procedures for land recovery in case of termination of operation of investment projects; required to pay a deposit of 20% of the total value of the land plot.

The investment of Con Dao airport to under PPP model

www.thesaigontimes.vn

The provincial People's Committee actively calls and attracts investors; conducting research and planning the project of private capitalization and investment in the model of public-private partnership (PPP) to operate Con Dao airport.

Daily Real Estate News Highlights

Vietnam - 10 April 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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Prices of hospitality properties unexpectedly increase

www.laodong.vn

Liquidity of resort real estate dropped in Q1, but primary price increased q-o-q thanks to the recovery of tourism. Mr. Morgan Ulaganathan - Head of Asset Services & Hospitality Advisory of Colliers (Vietnam) comments that legal troubles once resolved would boost this segment's growth considerably.

Suggesting to issue real estate tax to prevent speculation

www.tuoitre.vn

The proposal of establishing a specific tax to reduce real estate speculation was mentioned at the seminar on land transfer mechanism and breakthrough legal policy for HCMC organized by the HCMC National University on the morning of April 7.

The province of highest industrial occupancy rates in Vietnam

www.cafef.vn

According to a MPI's report, there are 291 IPs in the country that have been put into operation. In which, 5 provinces & cities with the most active IPs include: Dong Nai, Binh Duong, Ho Chi Minh City, Long An, and Bac Ninh. Dong Nai is currently the province with the largest number of operating IPs in the country, with 31 IPs.

Retailers 'pushing' to spur consumption growth

www.vneconomy.vn

HCMC is expected to witness a consumption growth as many retailers launched promotion activities to stimulate demand in Q2/2023. They also innovate business models to meet new market trends.

A real estate project is being completed in HCMC

Workshop on land transfer mechanism and breakthrough legal policy for HCMC

Mr. Morgan Ulaganathan Head of Asset Services & Hospitality Advisory, Colliers (Vietnam)

Many investors are preparing to return to the market

Vietnam - 11 April 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

New happenings in the condotel market

www.dantri.com.vn

Despite 'frozen' liquidity, primary prices of resort real estate still increased in Q1 and developers applied discount policies of up to 40%. According to Mr. Morgan Ulaganathan - Head of Asset Services & Hospitality Advisory of Colliers (Vietnam), potentials for growth loom large, however, this segment keeps facing with problems regarding laws and regulation.

Deputy PM requests a working group for Novaland's projects

www.tienphong.vn

Deputy PM assigned the MOC and the MONRE to set up a working group. This team will work with leaders of Dong Nai and Binh Thuan to solve problems in Novaland's projects.

Social housing is real estate trend in 2023

www.tuoitre.vn

The increase of millions of social housing units will solve the puzzle of imbalance suppy. This is thanks to the demand for affordable accommodation always remains high.

Foreign executives cautious over Vietnam investment - EU business body

www.reuters.com

Foreign managers expect no major changes in investment in Vietnam this quarter, after inflows fell in the first three months of the year, according to a survey published on Tuesday by the European Chamber of Commerce in Vietnam.

Many resort real estate projects are completed slowly

A snapshot of Aqua City urban area project in Dong Nai

Vietnam - 12 April 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

Villas and townhouses still loomy in Q1/2023

www.vneconomy.vn

Transactions in this segment recorded a new low of 88 deals, falling 47% q-o-q and 78% y-o-y. Quarterly absorption rate of 12% was the lowest since 2016. Colliers projects that the market can start to stabilize from Q3 as the result of the Government's efforts.

Real estate market and social housing expected to be put under supervision

www.vnexpress.net

According to Mr. Vuong Dinh Hue, President of the National Assembly, 4 laws relating to the real estate market, including the Law on Investment, Construction, Real Estate Business, and the Law on Housing, are overlapping. The laws will be revised this year and next, so "now it's time to review".

MOC suggests not regulating the term of apartment ownership

www.vnexpress.net

The MOC decided not to add regulations on the term of apartment ownership in the draft Housing Law (amended). Instead, clarifying the use term and conditions for building demolition and renovation.

Vietnam GDP growth slows to 5.8% in 2023, accelerates to 6.9% in 2024: IMF

www.theinvestor.vn

Vietnam’s GDP growth might slow down to 5.8% in 2023 and then rebound to 6.9% in 2024, among the highest figures in Asia, according to the International Monetary Fund (IMF).

Vietnam - 13 April 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

Sell-offs after the trend of "leaving the city"

www.phunuonline.com.vn

People are currently selling off agricultural land plots. Mr. David Jackson – CEO, Colliers (Vietnam) assessed that investors started to liquidate amid rising interest rates because they have relied on bank loans.

Bac Giang approves planning of 3 IPs of 550 ha

www.vneconomy.vn

Located in Hiep Hoa, Yen Dung and Viet Yen district, the 3 IPs are oriented to multi-industry with a synchronous and modern technical infrastructure.

Commencing 5 key infrastructure projects before June 30

www.thanhnien.vn

PM requested to start construction of 3 highways (Chau Doc - Can Tho - Soc Trang; Bien Hoa - Vung Tau; Khanh Hoa - Buon Ma Thuot) and 2 ring roads (Ring 4 in Hanoi and Ring 3 in HCMC) before June 30. The MoT and provincial leaders are assigned to conduct land acquisition and complete the procedures.

Apple in talks with suppliers to make MacBooks in Thailand

www.asia.nikkei.com

Apple is in talk with suppliers to make MacBooks in Thailand as the company continue to expand its manufacturing footprint outside of China.

National Assembly Chairman Vuong Dinh Hue

Bac Giang approves planning of 3 IPs of 550 ha

Mr. David Jackson CEO, Colliers (Vietnam)

Villas and townhouses still loomy in Q1/2023

Daily Real Estate News Highlights

Vietnam - 14 April 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

Vietnam's real estate market being hunted in the region

www.zingnews.vn

As Vietnam being one of the astest growing economies in Southeast Asia this year, the segments of residential, industrial, office and retail real estate are increasingly attractive to foreign investors. Mr. David Jackson - CEO, Colliers (Vietnam) assessed that some large-scale investment transactions are forecasted in the coming quarters.

Resolving real estate problems: Needs a hand of power

www.tuoitre.vn

It is necessary to have a "powerful hand" model that is competent to handle each case, each problem of private investment projects, and to flexibly use legal regulations to have a handling corridor, not to let any problems arise. entangled real estate "from year to month".

Phu Yen deploys investment in Bai Goc port

www.thanhnien.vn

Located in Nam Phu Yen Economic Zone, the 220-ha port will serve for Hoa Tam IP including a general port, bulk, liquid/gas cargo berth and accepts ships of up to 50,000 tons.

Real estate serving real demand will be the focus of attention

www.vneconomy.vn

Positive sentiment is recorded as a result of Government's efforts in economic, financial and monetary policies, supporting to direct real estate demand back to real value. Accordingly, it also changes the trend of buying this time to focus on products that meet real needs.

Daily Real Estate News Highlights

Vietnam - 17 April 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

Asia Pacific Capital Markets 2023: Insights and Priorities

www.mingtiandi.com

As the pricing reset and recalibration across real estate markets gather momentum this year, some markets are well into their journey of price discovery. Markets repricing the quickest, and hence looking like better value, will attract investments in the first half of 2023 while the others may have to wait longer for the investors to return.

Sumitomo Forestry partners with Kim Oanh Group

www.vir.com.vn

Sumitomo Forestry Group and Kim Oanh Group signed a strategic cooperation agreement in early April to establish KS Sustainable Development JSC, for the development of large-scale real estate projects.

Government extends deadline for land tax and land

rent

in 2023

www.dantri.com.vn

Deputy Prime Minister Le Minh Khai has just signed Decree 12 of the Government extending the deadline for paying value-added tax, corporate income tax, personal income tax, and land rent, effective from April 14 to the end of 2023.

Long An to lead the execution of HCMC Ring Road 4

www.vnexpress.net

PM Pham Minh Chinh assigned Long An to lead the execution of HCMC Ring Road 4. With nearly 200 km long, Ring Road 4 passes through 5 provinces and cities including Ba Ria - Vung Tau, Dong Nai, Binh Duong, Ho Chi Minh City, and Long An.

Co Giang apartment project (HCMC) is still in the early stages of land price assessment

The leaders of Sumitomo Forestry Group and Kim Oanh Group taking a photo together

Real estate market in Southeast Asia recorded positive signals

Chris Pilgrim, Managing Director, Global Capital Markets, Colliers Asia Pacific

Vietnam - 18 April 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.

M&A deals bring hopes for landed properties

www.laodong.vn

In Q1 Quarterly Knowledge Report, Colliers analyzed strong transformation is underway for the Vietnam real estate market with large-scale M&A transactions expected to conclude in the coming time. This would bring a large cashflow to revive the condominium and townhouse segment.

Samsung CEO: 'Vietnam's tax incentives for FDI about to expire'

www.vnexpress.net

Preferential policies such as Vietnam's tax exemption and reduction for FDI comapnies will no longer effective once the global minimum tax is applied, according to CEO of Samsung Complex in Vietnam.

Auditor PwC flags viability concerns over Vienam property firm No Va Land

www.dealstreetasia.com

Auditor PwC on Tuesday cast doubt on the financial viability of one of Vietnam's top listed property developers, No Va Land, which faces large bond paybacks this year amid difficult market conditions.

HCMC's Council agrees to increase the fee for real estate transactions

www.thesaigontimes.vn

The resolution on the appraisal fee of documents for granting LUR certificates in HCMC has been approved. Any change in LUR certification including registration, renewal, re-granting, or transferring will be applied to higher fee.

Mr. Choi Joo Ho, General Director of Samsung Vietnam, at a group event

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

Daily Real Estate News Highlights

Vietnam - 19 April 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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Business premises facing challenges

www.nhipcaudautu.vn

Weaker purchasing power and increasing rents made many once-busy streets unoccupied. Mr. David Jackson – CEO, Colliers (Vietnam) explains this event and gives some advices for investors and retailers.

Hai Phong adds a 50-ha industrial cluster in Tien

Lang district

www.tienphong.vn

Hai Phong City approved the additional planning of 50-ha Quyet Tien industrial cluster focusing on mechanical and electronic industries, high-tech industries, light industries and supporting industries.

Daily Real Estate News Highlights

Vietnam - 20 April 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

Realty giants rushing to handle debts

www.zingnews.vn

While companies categorized as 'high-risk' force to sell their assets and reduce prices, those with balance debt rates prioritize in restructuring short-term debts. Signs of recovery are expected to see by the end of this year.

Weaker purchasing power and increasing rents made many

Banks lower prices to liquidate mortgaged properties

www.plo.vn

Novaland, TPBank, Ricons join hands to complete prominent property project

www.theinvestor.vn

On April 19, Novaland, TPBank and Ricons signed an agreement on cooperation in the construction and completion of the complex project of apartment – commercial services The Grand Manhattan (District 1, HCMC).

HCMC revokes 4 delayed projects at high-tech agricultural park

www.baodautu.vn

HCMC People’s Committee directed relevant agencies to review legal procedures to withdraw 4 delayed projects at the Agricultural High-Tech Park in Cu Chi district.

The market is expected to transform before reversing from Q4/2023 or Q1/2024

Many projects are previously auctioned multiple times with a continuously decreasing price, but still with no buyers. As of February 2023, real estate outstanding loans reached about 2.6 million billion VND, accounting for 21.2% of the total outstanding loans.

Large business delegation accompanied the Czech Prime Minister to visit Vietnam

www.baochinhphu.vn

30 representatives of large Czech corporations and companies are accompanying Prime Minister Petr Fiala during this visit to Vietnam. Vietnam has become an ideal destination for Czech manufacturers, so there is a huge potential for cooperation.

Million-dollar apartments offered for sale amid quiet market

www.tienphong.vn

In contrast to landed houses and bare lands, many luxury apartment projects in HCMC and Hanoi are sold at up to several million dollars. This segment is not expected to reach the "bottom" due to increasing primary prices, limited supply and rising costs.

Quyet Tien industrial cluster planning

nce-busy streets unoccupied

Vietnam - 21 April 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

Why real estate companies lose their credits in front of foreign investors?

www.cafeland.vn

Mr. David Jackson - CEO, Colliers (Vietnam) said that despite the "thirst" for capital forced to restructuring, many domestic real estate companies faced difficulties in managing cash flow and ability to implement projects. This somewhat reduces the credibility in the eyes of foreign investors who want to M&A.

Tiffany enters Vietnam as world's richest man expands LVMH Asia

www.asia.nikkei.com

Tiffany has unveiled its first jewelry shop in Ho Chi Minh City, courting well-heeled Vietnamese in the latest expansion for the brand since it was taken over by LVMH.

87% of people who want to buy real estate already have more than... 3 properties

www.tuoitre.vn

A survey of more than 1,000 people by Batdongsan shows that people with a lot of real estate are having a higher demand to buy more real estate than those without. Real estate prices from VND 2.5 to 5 billion are attracting the attention of buyers.

Nha Trang - Cam Lam Expressway to be completed by the end of May 2023

www.thesaigontimes.vn

Son Hai Group Co., Ltd. (investor of the component project) has just sent a written request to the Ministry of Transport for permission to organize the completion of the North-South expressway project namely the Nha Trang - Cam Lam section at the end of May 2023, 3 months earlier to catch the peak of the summer tourist season.

Daily Real Estate News Highlights

Vietnam - 24 April 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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Colliers CEO reveals opportunities in industrial real estate

www.reatimes.vn

Mr. David Jackson - CEO, Colliers (Vietnam) assessed that the industrial real estate shows considerable potential as recorded by rents, growth rates and occupancy rates across two major markets in Vietnam in the last quarter. These are the signals indicating that this segment can attract large investors in the long term.

Taiwan's Apple supplier Quanta plans Vietnam factory

www.reuters.com

The company, a MacBook contract manufacturer, on Friday signed an agreement with the authorities of Nam Dinh province to construct the facility at an industrial park there, the government said in a statement.

Three foreign groups plan to pour 3.7 billion USD into Vietnam

www.vir.com.vn

They are a Korean investors with a $1.6-bln investment in heavy industry and logistics production; a German investor eyeing green production with an estimated capital of $1.5 billion; and a Japanese investor plans to spend $600 million on medical equipment production.

The race of social housing development begins

www.cafef.vn

Many real estate businesses put priority on developing social housing and affordable projects this year. This indicated that this segment maybe more vibrant in the coming time.

Tiffany unboxed a new store in HCMC, marking its foray as a direct investor in Vietnam

Mr. David Jackson CEO, Colliers (Vietnam)

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

Daily Real Estate News Highlights

Vietnam - 25 April 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

Capital thirst to fuel real estate M&A: insiders

www.en.vietnamplus.vn

David Jackson, CEO of Colliers Vietnam, noted that there is a wave of M&A in the Vietnam real estate market. Foreign investors, mainly from North Asia, North America and Europe, are expanding their activities.

Tan Thuan EPZ aims to become a high-tech park www.zingnews.vn

The scheme for transforming Tan Thuan Export Processing Zone into a high-tech park by adjusting planning policies and piloting many incentives has received big support from the HCMC Party Committee.

MOC: The number of dissolved real estate companies increased

www.vnexpress.net

In Q1/2023, the number of real estate companies dissolved or stopped doing business rocketed while the number of new establishments plummeted, the Ministry of Construction announced at the press conference on April 24.

Bottlenecks removed for projects of Hung Thinh, Novaland, etc. www.tuoitre.vn

HoREA said that the HCMC People’s Committee has approved for 5 real estate projects developed by Son Kim Land, Gotec Vietnam, Gamuda Land, CapitaLand and Novaland to raise capital for 50% of off-plan properties, equivalent to 5,432 apartments.

Daily Real Estate News Highlights

Vietnam - 26 April 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

Real estate in Eastern HCMC bustling with infrastructure and public investment

www.baodautu.vn

Colliers projects that 2023 will witness a movement of landed properties to satelite areas of HCMC with notable projects namely Global City, Senturia An Phu, Vinhomes Grand Park, The Classia, The Rivus Elie Saab. This is due to regional infrastructure continues to complete and land fund remain efficient.

Market-based land price list to be applied by 2026 expectedly

www.vnexpress.net

Applied from 2026, the land price list will be issued once a year, instead of the current 5 years, to be more relevant to the market price. The content is included in the draft Land Law (amended) sent to the National Assembly on April 25.

HCMC approves the compensation K coefficient for Ring Road 3 project

www.thanhnien.vn

Land prices and land price adjustment coefficients are calculated differently for each district of Thu Duc, Binh Chanh, Hoc Mon and Cu Chi, depend on the land type (residential land, agricultural land, production land), route, and its location.

A series of land plots in the Hanoi suburban will be auctioned

www.thesaigontimes.vn

The suburbs of Hanoi: Phuc Tho, Me Linh, Soc Son, and Ba Vi organized a series of auctions of land plots with thousands of square meters, with the lowest price from 17 million VND/sqm, the highest up to 50 million VND/sqm, especially many land plots with beautiful locations located along Highway 32 connecting the Northern Midlands provinces.

Song Hanh Expressway HCMC - Long Thanh - Dau Giay is being accelerated construction

Real estate in the East of HCMC

Tan Thuan EPZ

There is a wave of M&A in Vietnam real estate market

Vietnam - 27 April 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.

Daily Real Estate News Highlights

Vietnam - 28 April 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

2023 business strategy: Big names tighten their belts

www.tinnhanhchungkhoan.vn

The long quiet market forced many businesses in real estate, construction and building materials industries to be cautious when setting profit targets. They are waiting for the support policies to take effect. Mr. David Jackson, CEO of Colliers (Vietnam) assessed that more time needed to stabilize the market, and signs of recovery may be seen clearly by quarter 3 this year.

HCMC: Hundreds of commercial housing projects eligible for pink book

www.vneconomy.vn

More than 81,000 units in 335 projects including: apartments, individual houses, officetels, shophouses will be granted ownership certificates (pink book) in Ho Chi Minh City. Besides, the City currently has 8,918 officetels and shophouses from 29 projects that are not eligible to be legally recognized because the land law does not regulate these types.

Thai firm to acquire Starprint Vietnam for US$44.7 million

www.hanoitimes.vn

Bangkok-based SCG Packaging Plc (SCGP) is looking to acquire a 70% stake in Starprint Vietnam JSC to expand its operations in the country. The merger is expected to close in the third quarter of 2023.

VinaCapital to apply EDGE green certification for hospitality real estate

www.vnexpress.net

VinaCapital and VinaLiving will apply EDGE green building certificates to 100% of resort real estate portfolios built in the coming years.

Hanoi real estate market shifting to the suburbs

www.danviet.vn

According to Colliers (Vietnam), future supply in Hanoi is expected to move to the districts of Gia Lam, Hoai Dcu and Me Linh as the regional infrastructure is completed. Hoai Duc district accounts for 18% of future supply.

PM's working group resolve the problems of 7 real estate projects in Dong Nai

www.tuoitre.vn

These are Long Hung urban area (227ha) and Phuoc Hung island commercial service urban area (286ha) by Donacoop; Dong Nai Waterfront (170ha) by Nam Long; and Aquacity (305ha) by Novaland group. Moreover, two projects of Hung Thinh and Long Tan eco-urban area by DIC are directed by the group.

Vinhomes to sell social housing by Q4/2023

www.zingnews.vn

Vinhomes's social housing projects under the Happy Home brand will be sold from the fourth quarter in Quang Tri and Thanh Hoa.

Hanoi: Establish 2 municipal cities, 5 development axes and propose 1 more airport

www.vtv.vn

Hanoi city is consistent with the development goal of two sub-cities: The city north of the Red River (Me Linh - Soc Son - Dong Anh), the city west of Hanoi (Hoa Lac - Xuan Mai) and 5 development axes.

Mr. David Jackson CEO of Colliers (Vietnam)

Hundreds of commercial housing projects eligible for pink book

Aqua City Dong Nai - Project model

The supply of real estate in the east of Hanoi will increase sharply in the

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