Daily Real Estate News Highlights

Vietnam - 16 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

Challenges faced by domestic companies bring opportunity for foreign investors

www.dothi.realtimes.vn

According to Mr. David Jackson - CEO, Colliers (Vietnam), demand outstripping supply in all segment brings the Vietnam real estate market more potential. The FDI inflows will help diversify the sources and ease pressure on capital mobilization. Thus, the market would have more diversified products, improving competitiveness and standards in the industry.

Binh Duong allows subdivision and sale of land plots in housing projects

www.cafef.vn

Binh Duong Provincial People's Committee promulgates Regulations on areas where housing construction and business projects can be implemented for sale or for sale in combination with a lease, which is entitled to transfer land use rights in the form of subdivision and land sale in the province. Except for areas with high requirements for landscape architecture, the central area and around the works are architectural highlights in the urban area (the new urban area of the Industrial-Service - Urban Complex of Binh Duong).

Prime Minister approves urban planning for a province near Hanoi

www.tienphong.vn

Van Giang urban area (Hung Yen province) will be an important traffic hub of the Capital Region, the Northern Key Economic Zone, the Red River Delta and the whole country. The planning scale covers the entire area. natural area of Van Giang district 7,194.82 ha. According to forecasts, by 2040, Van Giang urban area will have about 363,000 people.

Hanoi plans three development axes to 2030

www.vnexpress.net

On the morning of February 15, at the meeting of the Standing Party Committee of Hanoi, Vice Chairman of the city Ha Minh Hai presented the outline of the orientation of the Capital Planning period 2021-2030, with a vision to 2050. The Red River is the green and landscape axis, the West Lake - Ba Vi axis connects the central urban area with satellite cities, and Nhat Tan - Noi Bai is the smart urban axis.

Vietnam - 17 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.

What can be seen in the notary offices at the beginning of 2023?

www.dothi.realtimes.vn

Mr. David Jackson, CEO of Colliers (Vietnam) said that although investors should be cautious in 2023, opportunities can be found in the assets of industrial, retail or hospitality segments. Meanwhile, the residential real estate segment continues to face difficulties in terms of legality, liquidity as well as capital and is expected to last until at least the third quarter of 2023.

Prime Minister: Real estate businesses must take responsibility of themselves

www.zingnews.vn

Concluding the National Conference on promoting the healthy and sustainable growth of real estate market on February 17, Prime Minister said that governmental agencies, businesses and customers must altogether work out the problems. But first and foremost, real estate companies must act to save themselves.

Social housing for rent getting sluggish

www.diendandoanhnghiep.vn

Social housing projects must reserve at least 20% of the housing area for lease and investors can only sell after 5 years after putting into use. In fact, many projects cannot rent those aparments, leaving it vancant and wasted.

Diesel inks distribution deal for Thailand and Vietnam

www.retailinasia.com

Italian fashion brand Diesel has inked a new partnership with Jaspal Co., for the distribution of the luxury brand in Vietnam and Thailand. As part of the new Jaspal deal, Diesel also landed in Vietnam, in shopping mall Takashimaya, in Ho Chi Minh City, in the fourth quarter of 2022. The luxury goods market in Vietnam generated revenues of approximately USD 911.5 million in 2022, according to research firm, Cekindo.