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.