Daily Real Estate News Highlights

Vietnam - 21 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

The recovery of retail real estate

www.baodautu.vn

Consumer index remains positive post-pandemic, driving new retail developments and expansion plan in 2023. Ms. Trang Do, Manager, Retail Services at Colliers (Vietnam) shares that multiple retail platform is a rising trend. However, amid global uncertainties, the Vietnam's retail market will also be impacted. Some investors and big brands are investigating new premises with suitable locations, and waiting for market adjustments as well as more invesment incentives.

Apartment rents surge

www.plo.vn

Rental properties are performing well with apartment rents increasing 4% in HCMC and 8% in Hanoi compared to last year. highest rents recorded in apartments. Customer's interest also increases, showing stronger demand.

Government targets 95% public investment

disbursement www.vnexpress.net

In 2023

At least 95% of the public investment budget, or VND676 trillion ($28.47 billion), must be disbursed this year to speed up growth, Prime Minister Pham Minh Chinh said on Feb 21.

Cleared land must be handed over to Long Thanh airport project in Q1

www.vietnamnet.vn

Deputy PM Tran Hong Ha told Dong Nai and the Airports Corporation of Vietnam to expedite the clearing of the remaining areas to deliver all sites of the first phase of the Long Thanh International Airport project this quarter.

Vietnam - 22 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.

IP rents set new high record

www.zingnews.vn

Reaching 300USD/sqm/term, IP rents in Southern market expected to rise 5-10% this year with more room for growth. Mr. Chi Vu - Senior Manager, Industrial Services, Colliers (Vietnam) reveals 2 important industries shaping the investment landscape in Southeast Asia and recommendations for Vietnam.

Money can't buy social housing

www.thanhnien.vn

A credit package of about 110,000 billion VND is proposed to spend for social housing projects under the method of refinancing from commercial banks. However, there are many concerns that it will be difficult for people and businesses to access this credit package leading to social housing projects being "frozen" and there being no house to buy.

Do massive layoffs put industrial real estate market in trouble?

www.cafef.vn

Industrial real estate segment expected to face a quiet outlook in short term as IP developers are challenged by rising costs and delayed investment process.

Housing prices should be decreased to untie capital bottlenecks

www.baotainguyenmoitruong.vn

Economic experts said that, after a long time of price increase, real estate businesses must accept a reduction in selling prices to relieve financial obligations, so that people can buy houses, thereby opening the door. capital flows are congested.