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.

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.