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.

Colliers News

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.

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.

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.