Daily Real Estate News Highlights

Vietnam - 09 February 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

Some exceptional opportunities await in real estate market

www.cafeland.vn

Colliers projects that the current market conditions are opening new opportunities for equity-driven investors when the market has limited buy-side environment. To achieve higher returns, businesses are re-assessing their portfolio and investors are sharpening their strategies to find a right market and asset.

SBV: Credit rooms are sufficient for real estate www.vnexpress.net

Top bank leaders assure "no shortage of credit rooms" or lending policies, but many corporate collaterals do not meet the legal requirements. Difficulties in capital mobilization and liquidity are due to the "problematic" structure of the real estate market and also to businesses.

Ha Noi to have a new 8-hectare Aeon Mall www.zingnews.vn

The Hanoi People’s Committee has approved detailed planning for a new Aeon Mall on over 8 ha straddling Dai Kim and Thinh Liet wards in Hoang Mai district, with a parking lot capable of accommodating 4,000 vehicles.

HCMC:

Unable to start construction of 2,800 social housing units

www.phunuonline.vn

HCMC's Department of Construction sends a petition to the People's Committee to remove obstacles for 3 social housing projects facing legal problems in order to start construction in time. If construction is started, the 3 projects will provide 2,778 apartments.

Vietnam - 10 February 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

Signs of foreign investments pouring to Vietnam

www.vnexpress.net

FDI in Vietnam projects good growth in H2 this year while Foreign Porfolio Investment (FPI) through securities remains unclear. Colliers expects APAC real estate markets to stabilize by mid-2023 with Vietnam keeps a consistent reputation of a safe play to park money amid global turmoil.

Ben Thanh - Suoi Tien No.1 Metro to be completed in Q4.2023

www.thesaigontimes.vn

The Prime Minister approves to adjust the investment policy of the first metro in HCMC, construction completion time in Q4/2023, warranty period of contractors from 2024-2025, and operation & maintenance time from 2024-2028

Ha Noi prepares a zoning plan for many www.vneconomy.vn

Industrial Zones

Hanoi People's Committee issued a Decision on the addition of the list and planning of urban planning and construction planning for the period of 2021-2025. Accordingly, the list includes 4 projects: zoning planning scale 1/2000 Soc Son clean industrial park with a scale of 302.8 hectares; zoning scale 1/2000 Dong Anh Industrial Park with a scale of 300 hectares; zoning scale 1/2000 Bac Thuong Tin Industrial Park scale of 112 hectares; zoning scale 1/2000 Phung Hiep Industrial Park scale 174.8 hectares.

Work starts on Aeon Mall Hue

www.vietnamplus.com

Work on Aeon Mall Hue, the 7th mall of Aeon in Vietnam and the first of its kind in central region, began on February 11. Covering over 8.6ha, the shopping mall has total investment of more than 169 million USD and is expected to be put into operation in 2025.

Vietnam - 13 February 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.

Taxing on the second property: Cannot rush

www.diendandoanhnghiep.vn

Experts say that collecting a second property tax is in line with market principles, but with special properties such as real estate, there should be no rush. According to Mr. David Jackson, CEO of Colliers (Vietnam), with the basic principle of the market, when you buy two items, you have to pay tax on those two items and they become your property. However, unlike other assets, real estate is a special kind of tangible fixed asset because land and space are finite resources. Therefore, according to Mr. David, the real estate market needs a mechanism to ensure that people who own more real estate share and contribute fairly to society

Binh Duong to establish Tan Uyen city

www.vnexpress.net

The National Assembly passed a resolution to establish administrative boundaries in 10 provinces including Tan Uyen city. The city was formed based on the status quo of 191.76 km2 of natural area, population size of 466,053 people, 10 wards and 2 communes of Tan Uyen town.

First % ARABICA store opens in Vietnam

www.thethaovanhoa.vn

% Arabica has just entered the Vietnamese market on February 12 at 42 Nguyen Hue St., District 1, HCMC. As of 2023, the chain has more than 100 stores in 18 countries, most of which are franchises. The brand cooperates with TKG Vietnam to bring first store in Vietnam.

Apple's supplier invests 260 million USD in Vietnam

www.cafef.vn

At the Conference on socio-economic development and assurance of national defense and security in the Red River Delta until 2030, with a vision to 2045, Thai Binh province leaders awarded the investment registration certificate for the project "Investing in the construction of a factory to produce and process electronic components, computer components, smart devices, etc." with a total investment of VND 6,467 billion. This is the project of Compal, one of the manufacturers of Apple and major global technology corporations.

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

Real estate: Finding a niche market

www.tinnhanhchungkhoang.vn

There's concensus that when cash is king, private buyers can bid for asset in an environment with limited buy-side competition. They are immune to market forces and will continue to be active despite market flux, Mr. Hoang Nguyen - Director, Business Development, Colliers (Vietnam) added.

Ho Chi Minh City revokes the 52-ha Saigon Silicon Park project

www.tienphong.vn

HCMC is preparing paperwork to terminate the Saigon Silicon City project, revoke its investment certificate and land allocated to the project within this year due to the project’s long delays.

Can Gio breaking through with a billion-USD ‘superport’

www.thanhnien.vn

The development of a billion-USD "superport" in Can Gio was mentioned twice last weekend. According to the plan to develop seaport infrastructure system in HCMC, investing in an international transshipment container port in Can Gio is a priority task for conducting research. Can Gio bay is an opportunity to create a turning point for HCMC and change the city’s development mode from land-based to sea-based growth.

Fear of responsibility in determining 'market' land prices halting many projects

www.tienphong.vn

The determination of ‘market’ land prices accounts for more than 50% of the projects’ problems, according to a report of the Ministry of Construction regarding the halt in construction of housing projects and urban areas. The reason is the anxiety of authorities about causing losses if the valuated price is lower than the market price.