Daily Real Estate News Highlights

Vietnam - 23 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

Property woes offer opportunity for some

www.vir.com.vn

After a period of rapid growth, the real estate market is currently in a restructuring phase to determine a more sustainable development direction, offering an opportunity for buyers and investors, so long as they have access to available capital.

Vietnam high-end home prices could fall over 10%, expert warns

www.asia.nikkei.com

High-end home prices are poised to fall this year as property speculators struggle with higher mortgage costs and are being forced to sell, according to industry executives.

Nearly VND 10,000 billion 'poured' into a series of projects in Hai Phong

www.tienphong.vn

Vietnam is experiencing a rare reversal in its property market with an oversupply of high-end apartments and shortage of regular housing

Hai Phong People's Committee awarded investment certificates for 3 projects of social housing, cell battery production, and container ship operation with a total investment of nearly 10,000 billion VND.

A series of key tourism projects in Ninh Thuan is unfulfilled

www.baodautu.vn

Many key tourism projects of Ninh Thuan province have been granted investment policies for more than 10 years, but have been continuously extended and have not been completed so far resulting in failure to put them into operation.

Vietnam - 24 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.

HCM City high-end apartments remain empty despite steep fall in rents

www.vietnamnews.vn

While rents for affordable apartments remain steady in HCM City, they have fallen sharply and continue to do so in the case of high-end apartments. According to a report by Colliers (Vietnam), the highest rental for a serviced apartment has decreased from US$8,125 per month (VNĐ190 million) last year to $7,500 (VNĐ175 million) now.

What benefit could be derived from the amended Land Law?

www.cafef.vn

Experts say that the land law amended with many new points will help people to remove many problems that have existed for many years. According to experts, the removal of this land price frame will benefit people when the compensation price for site clearance will be close to the market price.

Vietnam’s 3 top pharmacy chains go their separate ways in strategy terms

www.vnexpress.net

After a period of scorching growth drugstore chains An Khang, Pharmacity and Long Chau have begun to diverge in their strategies. An Khang has stopped opening new stores, Pharmacity restructured and rationalized its chain and Long Chau now has the largest number of stores. In August 2022 Pharmacity had the most outlets -- some 1,100 after opening more than 200 during the year. But then it closed many of them to lose its leading position despite opening new ones in more strategic locations. It now has 936 to Long Chau’s 1,009, while An Khang has 504.

VND6.3 trillion to be disbursed for North-South expy this month

www.thesaigontimes.vn

The Ministry of Transport has announced it would disburse nearly VND6.3 trillion of public investment capital for the North-South Expressway project this month. The Government has tasked the Ministry of Transport with disbursing nearly VND94.2 trillion of public investment in 2023. According to its plan, the ministry would distribute over VND45.2 trillion to the second phase of the expressway project. It disbursed nearly VND1.2 trillion in January, aligned with the plan.