Monthly Real Estate News I December 2022

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Ho Chi Minh City Deutsches Haus HCMC, 3rd Floor 33 Le Duan Blvd, Ben Nghe Ward District 1, HCMC, Vietnam

Hanoi Epic Tower, 3rd Floor 19 Duy Tan Street Nam Tu Liem District, Hanoi, Vietnam

Cambodia 93 SI Building, Preah Sihanouk Sangkat Chaktomok, Khan Doun Penh Phnom Penh, Cambodia

Daily Real Estate News Highlights

Vietnam - 01 December 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.

Hanoi:

www.tapchixaydung.vn

According to Colliers, 60% of serviced apartments in Hanoi are located in central areas thanks to geographical advantages. Rents range from 30 USD/sqm/month fo Garde A and 17 USD/sqm/month for Grade B by the end of September. Demand was rising as more accommodation needs were recorded.

Hung Yen: Inauguration of a “clean” industrial park www.dantri.com.vn

On Nov 25, Hung Yen clean industrial park was inaugurated. Located in Khoai Chau and An Thi district, the complex project has a scale of 143.08 hectares and an investment capital of 1,788.59 billion VND.

Topping out the SORA Gardens SC shopping center www.baobinhduong.vn

Hanoi: Serviced apartments in central districts accounting for the highest supply

Hung Yen: Inauguration of a “clean” industrial park

On Dec 1, Becamex Tokyu held the topping out ceremony of SORA Gardens SC Shopping Center at Binh Duong new city, Thu Dau Mot. With a scale of 120,000sqm, the project is expected to open in summer 2023.

Prime Minister Pham Minh Chinh welcomes CEO of Nike www.congthuong.vn

The Nike's CEO appreciates that the team in Vietnam is the best skilled employees in the world. He hopes that Vietnam will play an increasingly important role in the global supply chain.

Mr. Bui Thanh Nhon to return as Novaland Chairman www.zingnews.vn

Novaland is working closely with EY - Parthenon, Red Capital, and YKVN Law Firm to offer comprehensive restructuring strategy. Notably, Mr. Bui Thanh Nhon will return as Chairman of the Board of Directors of Novaland.

Serviced apartments in central districts accounting for the highest supply

Daily Real Estate News Highlights

Vietnam - 02 December 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.

Colliers News

Real estate M&A: chess move to foreign sector www.bds.tinhnhanhchungkhoan.vn

Foreign investors will accelerate M&A transactions in Vietnam real estate market as domestic cashflow is stranded. Mr. David Jackson - CEO, Colliers (Vietnam) said that these activities can 'rescue' pending projects to ensure them moving forward.

Michelin Guide arrives in Vietnam www.vietnamplus.vn

Michelin announced Hanoi and Ho Chi Minh City as the latest destinations joining the international selection of the MICHELIN Guide at a ceremony in the capital city on December 1.

Responding wisely with real estate www.nhadat.tuoitre.vn

The Government had formed an 8-member working group led by the MOC in a response to risk management and better operation of the real estate market. The working group will guide related stakeholders to remove obstacles in the implementation of real estate projects.

Year-end cashflow to real estate changing direction www.vtc.vn

The market remains quiet, yet interest is most drawn to projects acquiring reasonable price, location, quality, progress and good brand. Only those products record positive transactions amid low liquidity.

Lam Dong: Land plots to be put up for auction to raise capital for 2 expressways www.phunuonline.com.vn

Total expected revenue from the auction plots is expectedly 8,100 billion VND and will be used to invest in Tan Phu - Bao Loc and Bao Loc - Lien Khuong expressway.

Mr. David Jackson Chief Executive Officer Colliers (Vietnam)

Michelin Guide arrives in Vietnam

Daily Real Estate News Highlights

Vietnam - 05 December 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.

Colliers News

Colliers expert: After Lunar New Year, shophouse segment will return to vibrant www.bds.tinnhanhchungkhoan.vn

"In the context of quiet market, shophouse and other income-generating real estate assets are considered long-term potential. It is forecasted that transactions and leasing activities in shophouse segment will be more vibrant after Tet when rental demand increases." - said Ms. Trang Do - Manager, Retail Services of Colliers (Vietnam). She also emphasized some factors that investors need to look at before deciding to invest.

Ho Chi Minh City: Second real estate tax proposed to pilot

www.diendandoanhnghiep.vn

The City proposed to tax the second or higher real estate to limit speculation in real estate, contribute to increasing budget revenue, as a foundation to practice of formulating common policies in the future.

10-year abandoned Ciputra Mall megamarket revived as being passed to a Korean giant www.vietnamfinance.vn

Started construction in 2010, the project is a large-scale commercial center complex which was put on hold for years. After being acquired by Lotte Group and renamed Lotte Mall, this project is expected to become the largest commercial center in Hanoi.

US investors seek opportunities in Vietnam's logistics www.baodautu.vn

In September and October 2022, many US businesses continuously came to Binh Duong to seek investment opportunities in logistics sector. For example, Warburg Pincus Group (USA) met with Binh Duong leaders to discuss the Cross-border E-commerce Center project. Then, a US business delegation also came to Binh Duong to learn about logistics prospects.

Commencing jointly the Ring Road 3 project in June 2023 www.plo.vn

The representatives of Ho Chi Minh City, Dong Nai, Binh Duong, and Long An reported the project implementation progress as well as assessed the extremely important role of the Ring Road 3 project in the southern vital economic region.

Ho Chi Minh City: Second real estate tax proposed to pilot

Ms. Trang Do Manager, Retail Services Colliers (Vietnam)

Daily Real Estate News Highlights

Vietnam - 06 December 2022

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Colliers News

The Vietnam's office market can grow in short term www.cafeland.vn

Office segment is on a fast recovery with increasing demand for new entrants from foreign companies and expansion plan from domestic businesses. The number of international visitors has helped the segments of serviced apartments and hotels rebound strongly.

Vietnam central bank raises cap on 2022 credit growth www.tuoitrenews.vn

Vietnam's central bank said on Monday it had raised its 14% cap on the local banking system's credit growth for this year by 1.5-2.0 percentage points. CBV said it would closely monitor inflation situation to prepare monetary policies for next year.

Samsung, LG to invest billions more in Vietnam www.thebusinesstimes.vn

South Korean electronics giants Samsung and LG will invest an additional amount of US$2 billion and US$4 billion respectively in Vietnam. Samsung's vice president also said that the company will focus on AI and big data.

The Prime Minister sets deadlines to begin & complete many infrastructure projects in the South www.plo.vn

The Prime Minister requested to start construction of passenger terminal at Long Thanh airport, North-South highway and hand over land to build T3 terminal at Tan Son Nhat airport at the end of 2022 at the latest.

Ho Chi Minh City: Integrating e-tax system to issue land and housing certificates from 2023 www.doanhnhansaigon.vn

The city's DONRE will connect e-tax system to all tax departments of districts and Thu Duc city to accelerate the issuance of certificates of land use rights and house ownership.

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.

Vietnam central bank raises cap on 2022 credit growth

The Vietnam's office market can grow in short term

Daily Real Estate News Highlights

Vietnam - 07 December 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.

Colliers News

Fierce competition in Grade-A office market in HCMC www.cafef.vn

According to Colliers' latest report, rental inquiries into high-quality offices increased remarkably in 2022 thanks to demand for expanding, moving or establishing new office. Yet, the supply of Grade A offices in the CBD has been limited due to a lack of land funds.

Samsung to raise investment capital in Vietnam to 20 billion USD www.vnexpress.net

The conglomerate will focus on developing the young labor force and accelerating AI and big data. Samsung has invested about 18 billion USD to Vietnam on supporting industries and smart technologies. The investment is believed to help Vietnam become a manufacturing hub in high-tech.

4 BMW models will be assembled by Thaco in Vietnam www.cafef.vn

Fierce competition in Grade-A office market in HCMC

President Nguyen Xuan Phuc received Samsung Electronics Vice President and General Director - Mr. Han Jong-hee, on the sidelines of his official visit to Korea, on the morning of December 6, in Seoul.

The German automaker is partnering with Truong Hai Auto Corporation (THACO) to locally produce BMW vehicles in Vietnam. It's the fourth member of the ASEAN to join BMW's production network after Thailand, Malaysia, and Indonesia.

Home loan interest rate increased to 15%/year in December 2022 www.phunuonline.com.vn

Besides those maintaining the old lending policy, many commercial banks have updated their home-buying interest rate in December 2022 of up to 15%/year.

HCMC proposes to stop 17 public investment projects www.vnexpress.net

The cancellation of 17 infrastructure projects will help the City save 1,400 billion VND of the state budget. The capital is then allocated to more urgent works such as renovating Xuyen Tam canal, Thu Thiem 4 bridge. Accordingly, 11 out of 17 projects are approved.

Daily Real Estate News Highlights

Vietnam - 08 December 2022

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Colliers News

Investors from Japan, Korea, Singapore… are heading for Vietnam's real estate www.nld.com.vn

Globally, Asia Pacific is the region most optimistic about economic growth in 2023. In the APAC emerging markets, Vietnam continues to be one of the top investment attractions, according to Colliers' latest Global Investor Outlook report.

Airbus wants to expand aerospace cooperation with Vietnam

www.vnexpress.net

Airbus said that the airline wants to expand the defense helicopter market in Vietnam. Speaking to the press on Dec 7, Mr. Johan Pelissier, Airbus General Manager in APAC region, said that the airline sees the development potential of the Vietnam Aerospace industry.

HSBC: Vietnam's exports drop significantly www.zingnews.vn

HSBC believes that the period of stagnation has come. Global orders fell sharply, affecting Asian exporters, including Vietnam. Data from the GSO show that in November, for the first time in two years, Vietnam witnessed an y-o-y decline in export growth in all sectors such as electronics, textile/leather and footwear.

Real estate companies 'race' on bond buybacks www.thanhnien.vn

By the end of 2022, tens of thousands of billion VND of corporate bonds will come to maturity. Many real estate companies are pushing to buy back these bonds in an effort to improve investor's sentiment. About VND 147,000 billion of bonds were purchased ahead of time.

Binh Dinh applied for the policy of establishing An Nhon city www.plo.vn

Binh Dinh has applied for the policy of establishing wards in An Nhon town and establishing An Nhon city in the province. The provincial leaders said An Nhon town is a satellite town of Quy Nhon city and a center of economic, cultural and social exchanges in the Central - Central Highlands region in the direction of provincial socio-economic development.

An Airbus helicopter in Vietnam

Vietnam's real estate market always attracts international investors

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 - 09 December 2022

Top Daily Updated Real Estate News

Colliers News

HCMC: Non-CBD office market emerging greatly www.dothi.reatimes.vn

According to Colliers, remote working has become popular post-pandemic, causing real estate businesses to recalculate their investment strategies. In HCMC, Grade-A office supply is scarce due to limited land funds. Thus, investors should consider new office projects in the suburbans such as Thu Duc city.

Netflix considering opening office in Vietnam

www.vir.com.vn

Netflix leaders met with representatives of Vietnam's Ministry of Planning and Investment (MPI) to discuss conditions for establishing a wholly-foreign-owned enterprise in Vietnam.

Wink hotel in Da Nang officially opens www.tienphong.vn

The made-in-Vietnam hospitality brand Wink Hotels announces grand opening of Wink Hotel Danang Centre on November 30. The third Wink Hotel will also be in Da Nang and open in the second quarter of 2023.

Philippines' Jollibee in talks to sell a stake in Vietnam's Highlands Coffee www.reuters.com

Jollibee is considering the sale of a 10-15 per cent stake in Highlands Coffee. The Vietnamese coffee chain could be valued at over $800 million in the prospective sale.

Ho Chi Minh City seeks to disburse 55 trillion VND of public investment capital www.tienphong.vn

With 55,000 billion VND allocated to Ho Chi Minh City next year, the city can review the balance to get VND 45,000 billion, the remaining VND 10,000 billion can be found in a number of sources such as through housing auctions, borrowing from local authorities, etc. or increase revenue from content related to specific mechanisms and policies of the city.

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.

HCMC: Non-CBD office market emerging greatly

Netflix considering opening office in Vietnam

Daily Real Estate News Highlights

Vietnam - 12 December 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.

Green offices in Vietnam remain timid www.vnexpress.net

Vietnam has less sustainability-certified offices than neighboring countries such as Thailand and Malaysia. Meanwhile, green offices will attract more investments in the future, with ESG continues to be on top considerations of APAC investors, according to Colliers' Global Investment Outlook 2023.

Real estate investors seeking the 'bottom' amid downward trend www.thesaigontimes.vn

In primary market, many sellers discounted tens of percent, while in secondary market some investors started selling off. According to data from Google ADS, in the past 3 months, the number of articles with the keyword "Cut loss" increased by 125% y-o-y.

Hanoi advancing more than 22 billion VND to renovate old apartments www.baoxaydung.com.vn

Hanoi will advance the districts of Dong Da, Ba Dinh, Hai Ba Trung, Thanh Xuan and Cau Giay to conduct detailed planning of rebuilding and renovating old apartments.

Binh Duong spends 45,000 billion VND to build houses for low-income people www.tienphong.vn

Binh Duong will use more than 1,000 hectares of public land for social housing and worker housing for low-income people with a total investment of about VND 45,000 billion.

Metro No. 1 to test run on December 21 www.tuoitre.vn

It is expected that the Metro No.1 will test run from Suoi Tien depot to Binh Thai depot (Thu Duc City) on Dec 21. During the test run, the train will run at a speed of 5km/h, then increase to a maximum of 20km/h. The train also stops to pick up and drop off test participants.

The real estate market is forecasted to be more difficult next year.

Colliers News

Deutsches Haus Building (left) in District 1, Ho Chi Minh City is LEED Platinum with 84 points.

Daily Real Estate News Highlights

Vietnam - 13 December 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.

Colliers News

Retailers quietly going after vast lands www.cafef.vn

According to Ms. Trang Do - Head of Retail Services at Colliers (Vietnam), domestic and foreign retail companies are applying different growth strategies and one of it is seeking land funds in the greater urban areas and tier-2, tier-3 cities. Yet, they also proceed with caution.

Commencement of an important component of Lien Chieu Port www.baochinhphu.vn

On Dec 14, Da Nang People's Committee commenced the shared infrastructure of Lien Chieu Port. This is expected to become the leading seaport in Southeast Asia and will be developed in a "green port" model.

Heineken plans to invest $500mn more in Vietnam www.tuoitrenews.vn

Ms. Trang Do Manager, Retail Services Colliers (Vietnam)

Heineken committed to pouring an additional 500 million USD into Vietnam in the coming time. Prime Minister Pham Minh Chinh had worked with Amsterdam Mayor, the president of the Confederation of Netherlands’ Industry and Employers, and CEO of Heineken within his official visit to the Netherlands.

Which segment worth investing year-end? www.vtc.vn

Properties serving real housing needs and locating near industrial zones will achieve faster recovery, according to experts. Mr. David Jackson - CEO, Colliers (Vietnam) said that new infrastructure and industrial developments will boost real estate in these areas to grow when more people come to live and work.

Revealing the forecasted amount of money poured into real estate from recently loosened credits www.dantri.com.vn

240,000 billion VND is epected to pour into the economy as credit rooms expand. With the assumption that the average credit capital ratio is about 20% for real estate, it is estimated that the market will have an additional VND 40,000 billion.

Commencement ceremony of the project

Daily Real Estate News Highlights

Vietnam - 14 December 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.

Colliers News

Domestic consumption: Bright colors in the economy

www.vnexpress.net

According to Ms. Trang Do, Manager of Retail Services at Colliers (Vietnam), the 2 years of COVID-19 is considered an opportunity for R&D, and the year of 2022 is ripe for speeding up their expansion plans and leading the retail race. Some considerations shall be kept in mind, however.

WTO: Vietnam among 30 largest commodity import-export economies www.congthuong.vn

Vietnam's export value of goods last year ranked 23rd, while import value ranked 20th globally. Since 2019, Vietnam has ranked second among ASEAN countries, surpassing both Thailand and Malaysia, and behind Singapore.

MOC: Taking back social housing units sold to the wrong buyers www.tienphong.vn

WTO: Vietnam among 30 largest commodity import-export economies

The Ministry of Construction demanded to inspect and investigate violations in the sale, lease, and lease-purchase of social housing, and fix them accordingly.

The MOF submits solutions to 'rescue' the bond market www.tuoitre.vn

The Ministry of Finance proposes to delay implementing of regulations on professional securities investors, credit ratings with issuers, etc. by 1 year to improve the bond market.

Is real estate repeating its recession cycle? www.thanhnien.vn

The Vice Chairman of the VNREA forecasts that scenario 1 will happen in Vietnam real estate market. To adapt, real estate businesses will restructure developing projects in a direction that is more suitable to market demand.

Domestic consumption: Bright colors in the economy

Daily Real Estate News Highlights

Vietnam - 15 December 2022

Top Daily Updated Real Estate News

Will there be a new inflow of investment in retail spaces?

www.diendandoanhnghiep.vn

According to Ms. Trang Do, Manager of Retail Services at Colliers (Vietnam), a number of retail brands from Russia, America, and Europe are eager to be present in Vietnam retail market. However, the biggest obstacle for foreign investors in the retail sector is finding spaces with suitable locations and scale, and following investment and licensing procedures.

ADB raising Vietnam's economic growth forecast in 2022, lowering for 2023 www.vneconomy.vn

ADB has lowered its economic growth forecasts for developing Asia and the Pacific amid a worsened global outlook. The Vietnam's economy is expected to increase from 6.5% to 7.5% this year, while decreasing from 6.7% to 6.3% next year.

Home loan interest rates on social housing to increase to 5%/year from Jan 1st, 2023 www.phunuonline.com.vn

Ms. Trang Do Manager, Retail Services Colliers (Vietnam)

ADB raising Vietnam's economic growth forecast in 2022, lowering for 2023

5%/year is the interest rate of commercial banks applied in 2023 for outstanding loans of housing loans as prescribed. This Decision takes effect from January 1, 2023.

Kien Giang commences a nearly VND-1,500-billion road along the sea www.vnexpress.net

The west coast road from Hon Dat to Kien Luong is 40 km long and 12 m wide, with a cost of 1,480 billion VND. According to the Kien Giang Department of Transport, the designed speed is 80 km/h and the project is funded by the central budget, the construction time is expected to be 800 days.

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

Daily Real Estate News Highlights

Vietnam - 16 December 2022

Top Daily Updated Real Estate News

Experts assessing opportunities from real estate subdivisions

www.vietnamnet.vn

Amid fluctuating economy, real estate remains a safe investment channel. The emerge of real estate subdivisions is a good chance for investors to enter the market with limited risks. Mr. David Jackson - CEO, Colliers (Vietnam) said that this shares some similarities to REITs, which are popular in the glocal capital markets.

New road in central Hanoi about to open to traffic www.vnexpress.net

The extended Huynh Thuc Khang street in Dong Da district will finish before Lunar New Year 2023 after over 3 years of construction. The project starts at Huynh Thuc Khang-Nguyen Chi Thanh intersection and ends at Voi Phuc intersection. The project is 1.3 km long with a total cost of 340 billion VND.

Urban dwellings to become property market core in 2023 www.vir.com.vn

This was stated by Le Viet Hai, vice president of the Saigon Construction & Building Material Association (SACA), during the Dynamics of Vietnam's Economic Development 2023 seminar held on December 14 in Hanoi.

Ha Noi: Compensating with double areas to renovate old apartments www.thesaigontimes.vn

According to the draft of renovation and reconstruction of apartment buildings, the system compensation (K-factor) is 1. If the new apartment has a larger area than the old one, the owner must pay for the difference. Calculated in square meters, the price is equal to the construction cost.

Vietnam receives 15.5 billion USD to support green transformation www.vneconomy.vn

Vietnam with G7 countries and other international partners have adopted the declaration of Equal Energy Transition Partnership (JETP). The investment package will help Vietnam with its climate targets, extend the time limit for projected peak greenhouse gas emissions to 5 years, and reduce the power sector's annual peak emissions by up to 30%.

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.

New road in central Hanoi about to open to traffic

Mr. David Jackson Chief Executive Officer Colliers (Vietnam)

Daily Real Estate News Highlights

Vietnam - 19 December 2022

HCMC: Commencing 3 key infrastructure projects www.plo.vn

The projects include the expansion of National Highway 50, the construction of An Phu intersection and the road connecting Tran Quoc Hoan - Cong Hoa. All of them will start construction in December 2022.

Why commercial premises on "golden location" are still sluggish? www.cafeland.vn

Targeted at big companies or multinationals, the rent of these premises is about VND 500 million a month. Yet, amid economic challenges, businesses have to cut unnecessary costs to ensure operations.

Primary housing price may not decrease in 2023 www.hanoimoi.com.vn

From developers' viewpoint, selling prices may not decrease in 2023 as all development costs are rising such as building materials, labor costs, land price, taxes and fees, etc. Besides, if the revised Land Law is approved, land price will be close to market price, contributing to the increase of selling prices.

Abolishing regulation on reserving 20% of land funds for social housing www.thanhnien.vn

In the proposed plan, the MOC suggests the provincial People's Committees will actively allocate land funds for social housing development based on local planning, masterplan and land use purposes.

Thu Thiem 4 bridge crossing Saigon river to be developed with an investment of 5,000 bln VND www.thesaigontimes.vn

HCMC Department of Transportation approved to select a contractor for the project under the public-private partnership method (PPP). Thu Thiem 4 bridge - connecting Thu Thiem with District 7 - will be built with 6 lanes and cost estimatedly 5,300 billion VND.

HCMC: Commencing 3 key infrastructure projects

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.

Why commercial premises on "golden location" are still sluggish?

Daily Real Estate News Highlights

Vietnam - 20 December 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.

Colliers News

The 'thirst for cash' accelerating M&A transactions

www.baodautu.vn

Limited credits, difficult bond issuance, falling stocks and pressures to repay debts have given M&A an advantage in mobilizing capitals. Mr. David Jackson - CEO, Colliers (Vietnam) expects M&A to play a key role in helping the real estate market. At the same time, it can be a driving force for the market to be more vibrant in the future.

Pay cuts and lay-offs in real estate businesses www.vnexpress.vn

Companies are cutting salaries and staff to survive in a real estate downturn. 2023 is expected to be more difficult, requiring business and financial restructure, simplification and even sell-offs.

HCMC: Metro No.1 test run in close-up www.zingnews.vn

One of 17 Ben Thanh - Suoi Tien metro trains just has a 5-km test run from Long Binh depot to Thu Duc city's SHTP station. The project is 93% completed.

Gamuda Land acquiring a new project in Thu Duc City www.thesaigontimes.vn

Malaysia-based real estate developer acquired 100% of a domestic company to actualize a high-rise apartment complex in HCMC. The project is 3 ha with planned 1,300 units.

Long An: Not developing IPs along major river routes www.baoxaydung.com.vn

Long An will not allow industrial development along Vam Co Tay and Vam Co Dong river, as well as the Dong Thap Muoi region to adapt with the provincial infrastructure.

Mr. David Jackson Chief Executive Officer Colliers (Vietnam)

Real estate in the East of Ho Chi Minh City

Daily Real Estate News Highlights

Vietnam - 21 December 2022

Top Daily Updated Real Estate News

Housing prices may decrease in many markets next year

www.thesaigontimes.vn

Real estate prices will achieve slower growth or even decline if mortgage rates keep rising in 2023. According to Colliers, Asia Pacific is the region most optimistic about economic growth. The stabilization of global real estate market will take hold by mid-2023.

Commencing

Int' Airport

www.thanhnien.vn

According to the Airports Corporation of Vietnam (ACV), HCMC has completed the compensation, support, and site clearance and handed over the area of 14,757 hectares (phase 1). The T3 terminal of Tan Son Nhat airport is ready to commence on Dec 25.

KIDO suddenly divesting from Chuk Chuk after 1.5 years www.cafef.vn

Housing prices in Denmark are forecast to fall 7-10% in 2023.

Perspective of T3 terminal at Tan Son Nhat airport

On Dec 16, KIDO announced to divest from Chuk Chuk. The group aimed to have 50 stores by the end of 2021 and start franchising in 2022. Up to now, this chain has only 47 branches.

“Unlocking” the potential of land fund along the metro line www.baodautu.vn

The development of large-capacity public transport such as metro combining land fund exploitation under PPP model will draw more investments and reduce the state budget. Accordingly, HCMC has planned to invest in 8 metro lines with a total estimated investment of 15 billion USD.

Real estate transfer tax collection double compared to last year www.tuoitre.vn

Revenues from tax of real estate transfer is expected to reach VND 41 trillion in 2022. The number of declaration of real estate transfer price is 72%, or 3 times, higher than the officially issued price list.

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

T3 terminal and key infrastructure projects to ease congestions around Tan Son Nhat

Daily Real Estate News Highlights

Vietnam - 22 December 2022

Top Daily Updated Real Estate News

Colliers News

Industrial real estates boasting good growth rate www.vtv.vn

More FDI pouring into manufacturing industries drive the demand on industrial real estate. To seize this opportunities, Mr. David Jackson - CEO, Colliers (Vietnam) advised developers and providers to improve supporting services such as legal consultance, business establishment procedures, and license.

HCMC: House prices dropped about 3-5% in November www.phunuonline.vn

Latest report by DKRA shows that the supply and purchase power of apartments decrease significantly. Liquidity in secondary market remains low. Discount policy for quick payment rises up to 40-50%.

Vietnam real estate market 2023: Foreign investors pondering their next move www.baodautu.vn

While domestic companies continue to face difficulties, foreign investors with strong financial capabilities are taking advantage of the situation to accelerate more investments in real estate.

Ba Ria - Vung Tau: Two 'golden' land plots worth trillion VND to be auctioned www.tienphong.vn

Considered the most beautiful location in Vung Tau city, these 2 plots are at Nghinh Phong cape in ward 2 and Thang Tam ward with an expected starting price of nearly VND 2,700 billion.

Many people agree with high taxes on owning many properties www.vietnammoi.vn

Batdongsan.com.vn has conducted a surveyed on buyers' reactions to the proposal of higher taxes for people owning more than 1 property. The results showed that the majority of respondents agreed (74%) and only 14% disagreed.

Industrial real estates boasting good growth rate

HCMC: House prices dropped about 3-5% in November

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 - 23 December 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.

Colliers News

Total amount of newly registered FDI in Vietnam exceeding over 25 billion USD www.thuonggiaonline.vn

Ready-built factories and warehouses are in high demand in Vietnam. According to Colliers, industrial land in Vietnam is still affordable as compared to other neighboring markets. Consider the manufacturing diversification trend in an increasing uncertain and disruptive global market, a stable destination is the preferred choice.

Hanoi: Prime Minister attending the inauguration of Samsung's R&D Center www.vietnamplus.vn

On Dec 23, Samsung holds the opening ceremony of R&D Center - its largest research facility in Southeast Asia.

HCMC: 9 overpasses and parking lots to be built to serve Metro No.1's commuters www.voh.com.vn

Total amount of newly registered FDI in Vietnam exceeding over 25 billion USD

Prime Minister attending the inauguration of Samsung's R&D Center

9 Overpasses on Hanoi highway and parking lots for motorbikes expectedly will be built near 9 elevated stations to help people going to Metro No.1 more comfortable. The pedestrian bridges are currently being built. The flyovers will finish when the Metro No. 1 operates.

Ha Nam: Approving the investment policy of a 10,000-bln-VND urban area www.tienphong.vn

Ha Nam People's Committee has approved the investment policy of the Times and Innovation Urban Area in Tien Tan and Tien Hiep communes and Lam Ha and Quang Trung wards, Phu Ly city. The project has a scale of about 203 hectares, with an investment of more than 9,625 billion VND.

HCMC: Project of Can Gio bridge worth nearly 10,000 billion VND to be started www.markettimes.vn

The city's Department of Transport has approved select a contractor to conduct the pre-feasibility study report for the Can Gio bridge. As planned, the project is 3.6 km in length with a scale of 6 lanes. The bridge will expectedly cost 10,000 billion VND.

Hanoi:

Daily Real Estate News Highlights

Vietnam - 26 December 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.

Colliers News

Global real estate going through interest rates in 2022

www.vnexpress.net

After a decade of booming, housing prices are plummeting in demand as interest rates soar in 2022. This drives dramatic changes in many real estate markets across the globe. According to 2023

Colliers Global Investor Outlook Report, the stabilization of global real estate market will take hold in a return to relative rationality by mid-2023.

Removing bottlenecks for the real estate market

www.vtv.vn

Next year, the National Assembly will pass basic laws related to the real estate market such as the Law on Land, Law on Real Estate Business, Law on Housing, etc. This legal corridor is expected to remove existing obstacles and strengthen the Vietnam real estate market.

Approving the upgrade project of Cai Mep - Thi Vai channel of 1,400 billion VND www.thesaigontimes.vn

Global real estate going through interest rates in 2022

Removing bottlenecks for the real estate market

According to the Maritime Project Management Board (Ministry of Transport), the project is expected to start construction in early February 2023 and be completed in 2025, with a total investment of more than 1,400 billion VND from the state budget.

Changes in land and housing procedures from the elimination of Pink book in 2023 www.plo.vn

Many processes related to land and housing changed include records of long-term stable forest contracts; dossiers of rental and sale of old state-owned houses; the basis for determining the stable use of land.

HSBC raises Vietnam’s GDP economic prospects www.hanoitimes.vn

HSBC increased its forecast for Vietnam’s 2022 GDP growth from 7.6% to 8.1% thanks to lingering re-opening tailwinds. In its latest Asian economics quarterly report, HSBC said Vietnam was likely one of the outperformers in Asia. In Q3/2022, GDP rose 13.7% y-o-y as a result of resilient external sector and robust domestic demand.

Daily Real Estate News Highlights

Vietnam - 27 December 2022

Top Daily Updated Real Estate News

Colliers News

Office rents may decrease next year www.vnexpress.net Experts believe that the office rents may decrease slightly in many big cities in 2023. Yet, in general, the prospects of offices loom large in the long run compared to other segments. According to Colliers Asia Pacific Market Snapshot, the office market in Vietnam has witnessed a fast recovery since the beginning of 2022.

Container transport route at Chan May port put into operation www.thesaigontimes.vn

Office rents may decrease next year

On Dec 25, Thua Thien-Hue inaugurated the first domestic container transport service from and to Chan May port. The container transport route is aimed at facilitating exports and imports in the central region and turning the province into a hub of regional connection and logistics services. A bird’s eye view of the Chan May port in Thua Thien Hue Province

1,000-bln-VND bridges and roads connecting Binh Duong and Tay Ninh open to traffic www.tienphong.vn

On Dec 26, Binh Duong held an opening ceremony for the road and bridge connecting Binh Duong and Tay Ninh after 2 years of construction. The project is a grade II traffic work, with a scale of 6 lanes with a cross-section of 25.5m, with safety strips, pedestrian curbs, barriers, and railings.

The Vietnam's import and export value exceeding 730 billion USD in 2022 www.vnexpress.net

For the first time, Vietnam's total import-export turnover is expected to reach 732 billion USD in 2022, up 10% y-o-y, according to the Ministry of Industry and Trade. Exports in 2022 will reach about $371.5 billion, up 10.5% y-o-y.

Vietnam positioned itself as more investor-friendly: Singapore businesses www.hanoitimes.vn

The advantages of Vietnam are its robust infrastructure development, favorable conditions for foreign investment, strategic location close to major Asia countries, and important shipping routes. These strengths have created a business-friendly environment for Singaporean businesses.

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 December 2022

Top Daily Updated Real Estate News

Lowest liquidity in half of a decade

www.vnexpress.net

Hopes of bouncing back in year-end sales have been shattered as housing transactions across Vietnam witnessed a record low in the past 5 years. Timid activities in both primary and secondary markets, with only 100 aparments sold in Q4/2022. Many businesses have discounted up to 40%-50%.

Masan revealing why not expanding into real estate www.cafeland.vn

Unlike Vingroup, Vietnam's leading private group, Masan has no plans to expand into the real estate sector, Nikkei reported. Deputy General Director Michael Hung Nguyen pointed out the importance of meeting the basic needs of consumers. Real estate offers business opportunities but also the risk of loss, he said.

Housing market possibly turning from bubble to downturn

www.phunuonline.com.vn

Real estate along Hanoi highway, the section through the old district 2 area, Thu Duc city

This Win Minimall in Hanoi includes a bank, a cafe and a pharmacy, along with grocery items.

The MOC reported that real estate market has shown signs of recovery in 2022, with total transaction volumes higher than 2021. However, the market is facing a shortage and imbalance of the affordable and social housing supply.

Commencing the Van Phong - Nha Trang expressway on New Year holiday www.plo.vn

The 83-km Van Phong - Nha Trang expressway with an investment of 12 thousand billion VND will start construction on New Year holiday. The project passes through Van Ninh, Dien Khanh, and Khanh Vinh districts and Ninh Hoa town.

Nova Group after 1 month of restructuring www.cafef.vn

After announcing of a total restructure, some Casa and PhinDeli coffee shops closed, mostly in prime locations in Ho Chi Minh City. Many Nova's F&B brands such as Jumo Seafood, Crystal Jade Palace, The Dome Dining & Drinks, and Shusi Tei, etc. also downscale their operations.

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 - 29 December 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.

Viet Nam’s GDP growth hits 12-year high www.baochinhphu.vn

Viet Nam’s economy expanded 8.02% in 2022, the highest growth rate recorded during the 2011-2022 period. The agro-forestry-fishery sector increased 3.36%, with the industry-construction sector and the service sector rising 7.78% and 9.99% respectively.

Land prices in 5 HCMC suburbs falling sharply www.vnexpress.net

Land prices of Nha Be, Binh Chanh, Can Gio, Cu Chi, and Hoc Mon districts recorded the biggest decline of 20-30%, yet, absorbtion rate is still low. Investors has dropped mostly around 10%-20% compared to asking prices at the beginning of 2022.

Thanh Hoa to develop Tam Linh industrial cluster of 37 hectares www.vneconomy.vn

Thanh Hoa approved the development of Tam Linh Industrial Complex in Nga Son town and Nga Van commune with a scale of 37.07 ha. The total investment is estimated at VND 250 billion with main industries focusing on furniture and handicrafts.

Commencing the Phase 2 of the North-South expressway www.thanhnien.vn

12 Construction packages in Phase 2 (2021-2025) will be kicked off altogether from Ha Tinh to Ca Mau. Many important mechanism are applied, such as appointing the contractors and ensuring transparency. One of biggest concerns is the lack of sand supply, especially in Cuu Long river delta.

Vietnam tops UK in top 7 US logistics trade partners www.vnexpress.net

Vietnam has increased by 2.7%, surpassing the UK, to be on the top 7 commodity trading partners of USA. However, according to Census Bureau data, this proportion in the first 10 months of this year has dropped to 2.6%.

Annual GDP growth rates from 2011 to 2022

House and land in Thanh An island commune, Can Gio district seen from above.

Daily Real Estate News Highlights

Vietnam - 30 December 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.

Vietnam real estate 2022 in review

www.nhadat.tuoitre.vn

The Vietnam real estate market has its ups and downs in 2022: heated in the beginning, cooling off and frozen at the end. Lacking supply has contributed greatly to the increase of selling prices in all segments. Affordable housing is nearly disappeared while very few social housing projects were finished.

Nearly 1,200 real estate companies dissolved in 2022 www.cafeland.vn

In 2022, 208.3 million companies entered and reentered the market, up 30.3% y-o-y; while 143.2 millions businesses withdrawed, up 19.5%. The GSO also recorded that nearly 1,200 companies have been dissolved in 2022 in the real estate sector, up 38.7% y-o-y.

SK Group to sell some assets in Vietnam and Malaysia

www.vir.com.vn

South Korean conglomerate SK Group is contemplating selling some of its assets in Vietnam and Malaysia, controlled by investment vehicle SK South East Asia Investment, to prepare for deteriorating economic circumstances.

Bac Ninh aims for 3-5 new IPs and US$1.2 billion of investment capitals in 2023 www.cafeland.vn

Summarizing 2022, Bac Ninh set growth targets for next year, such as starting 3-5 IP infrastructure projects, achieving occupancy rates of 60% in operating IPs, attracting more than 100 sub-projects, and industrial production value reaching 1,400,000 billion VND.

Da Nang establishes land prices in many resettlement projects www.plo.vn

According to Decision 3316/2022, resettlement land price in Hoa Tho Tay residential area (Cam Le district) is 1.8 million VND/sqm excluding land price adjustment coefficient. Da Nang also announced resettlement land prices in many other residential areas.

Annual GDP growth rates from 2011 to 2022

House and land in Thanh An island commune, Can Gio district seen from above.

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