Daily Real Estate News Highlights

Vietnam - 27 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 real estate growth cycle will return

www..realtimes.vn

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.

HCMC: Apartment prices along Metro No.1 getting more expensive

www.zingnews.vn

Most of the projects near the Ben Thanh - Suoi Tien metro station are increasing rapidly, becoming more & more expensive. According to Rever's statistics, there are about 45 projects growing up close together along the Ben Thanh - Suoi Tien metro axis. It is worth mentioning that most of these projects were recorded with a price increase of 20-50% compared to the time of sale.

Ministry of Construction proposes to reduce the target of social housing development

www.vietnamplus.vn

The Ministry of Construction has just reported to the Prime Minister after consulting the Government members on the Project "Building at least 1 million social housing apartments for low-income people and industrial park workers in the period 2021 -2030." Specifically, the Ministry of Construction proposed to reduce the number of social houses built by 2030 from 1.4 million to more than 1 million, and the implemented capital was also reduced by 280,500 billion.

Commencement of a VND4,120-bln project connecting Hoa Binh-Hanoi with Son

La highway www.thesaigontimes.vn

On February 26, in Hoa Binh province, Prime Minister Pham Minh Chinh attended the groundbreaking ceremony of the road linking Hoa Binh - Hanoi and Son La highway in the Hoa Binh - Moc Chau section. The project has a total investment of 4,120 billion VND, the route length is more than 49 km. This is a very important project for the socio-economic development, national defense, and security assurance for Hoa Binh province. In addition, this linking route will also create an axis linking the Northwest region with the Northern key economic region, forming a belt axis connecting traffic axes, helping to shorten the travel distance in the direction of Hanoi – Hoa Binh city – Kim Boi.

Vietnam - 28 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

Giants compete for commercial center space

www.vnbusiness.vn

Whether in the active or passive position, the withdrawal of retailers from Bitexco Tower shows that the market for commercial space is fiercely competitive, forcing even iconic brands to change or "die".

Contrary to speculations of many people, Bitexco's representative has just clarified that the return of commercial premises at the 68-storey tower in the past time is part of the investor's reconstruction plan, there is no such thing as customers "running away".

The industrial capital aims to have 15 new IPs by 2025 www.thesaigontimes.vn

By 2025, Hai Phong will have 15 industrial parks and 23 industrial clusters meeting modern standards in the direction of synchronous, smart, and ecological, including technical and social infrastructure.

Forms of land compensation should be diverse

www.tuoitre.vn

In the draft Land Law (amended), the Ministry of Natural Resources and Environment proposed to amend and supplement the principle of compensation in the direction of diversifying forms of compensation for land. Accordingly, households and individuals whose land is recovered shall be compensated with land for the same purpose as the reclaimed land or in money, another land, or houses suitable to the needs of the land owner and land fund of each locality.

Hanoi wants to build millions of square meters of social housing

www.thanhnien.vn

Having failed in the goal of developing social housing for the period from 2015 to 2020, recently, Hanoi has set a target to build millions of sqm of social housing in the period of 2021 - 2025.

3 Expectations For The Real Estate Market

www.vnexpress.net

Amending Decree 64, focusing on social housing, and reducing interest rates are what businesses expect the Government to do to remove difficulties for the market. In addition, DSC experts also expect that by the end of this year, when the cash flow shows signs of loosening, there will be a potential for recovery for businesses.