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Daily Real Estate News Highlights
Vietnam - 04 April 2023
Top Daily Updated Real Estate News
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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 News
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 www.dantri.com.vn
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.
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.
