Daily Real Estate News Highlights

Vietnam - 01 March 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.

A wave of investors quietly "bottom-fishing" appeared in resort real estate

www.markettimes.vn

“Many resort markets have been frozen for about 3 years, and when tourism shows clear signs of recovery, investors have seen signals of bottom fishing. It is possible that a new growth cycle is starting, some investors may want to take advantage of "spend money" during this period to look for big profits later", Mr. David Jackson, CEO, Colliers (Vietnam) commented about the wave of investors quietly "bottom-fishing" resort real estate.

No high tax yet for second-home owners

www.plo.vn

In the pilot mechanism for HCMC, the MOPI did not propose high taxing for second-home owners. The Ministry explains that the issue has different opinions and large impact so it needs to be directed by the Standing Committee. The report is expected to get feedbacks in March.

Real estate companies continue to be dissolved

www.vneconomy.vn

235 Realty businesses were dissolved in the first two months, up 20% y-o-y. FERI explains that the fluctuations in 2022 made many companies unable to keep up. Thus, flexible adaptation strategies and good preparation are needed to survive during a crisis and thrive afterwards.

HCMC: 4/7 problematic realty projects provided solutions

www.nld.com.vn

After working with the investors of 7 real estate projects to consider and remove obstacles, representatives of HCMC People's Committee concluded on 4/7 projects and directed to solve in details. The information was announced by HoREA on March 1.

Vietnam - 02 March 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.

Which direction will Hanoi retail real estate segment go?

www.dothi.reatimes.vn

According to experts at Colliers (Vietnam), the return of exciting tourism activities is considered a major impact on retail and consumer service activities in Vietnam. Most importantly, good economic growth and controlled inflation have helped the retail & office real estate segment recover faster, which is a segment with great potential for investors in the year 2023.

Ministry of Construction stops proposing the VND110,000-bln credit package for social housing

www.vnexpress.net

The MOC said it would stop proposing the VND110,000-bln credit package for social housing to focus on the VND120,000-bln one agreed by four state-owned commercial banks.

Heated game in retail market

www.diendandoanhnghiep.vn

More foreign retailers plan to expand and modernize their distribution system, while domestic companies are striving to keep their market shares with continuing efforts such as innovating management, brand recognition, restructuring the industry, applying technology, and improving sales.

Modifying the calculation formula will increase the price of social housing

www.vneconomy.vn

According to VCCI, adjusting the formula for calculating the selling price and rental price of social housing in the direction of removing the regulation on the profit deduction of the commercial housing area in the social housing construction investment project is divided into two categories: supplementing the area of social housing for sale, which will increase the price of selling, renting, and renting social housing.