Daily Real Estate News Highlights

Vietnam - 03 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.

Colliers News

The bright spot of industrial real estate

www.daidoanket.vn

Industrial properties are considered brightest in the current real estate market with occupancy rates of IPs nation-wide on the rise. Mr. David Jackson - CEO, Colliers (Vietnam), assessed: "The potentials of Vietnam's industrial real estate looms large thanks to the advantage of geographical location, political stability, and labor resources, reasonable costs, many incentives in attracting investment and supporting industrial development.

Interest rates start to ease as credit rooms loosened www.plo.vn

Some banks have been granted credit growth limits this year, ranging from 8.3% to 13.5%. Yet, demand is decreasing as interest rates still remain high. It's time to consider lower lending rates to better support manufacturing and trading corporates.

Masterise Homes topped off the Lumiere Riverside

www.vnexpress.net

Masterise Homes marked the completion of the rough construction of the entire project on Mar 1. Launched in 2020, the project is located in Thao Dien residential area and 700 meters away from An Phu station of the Metro 1.

Renovating old buildings in Hanoi: 1% achieved after over 30 years

www.tienphong.vn

The construction and renovation of old apartments have been a problem for Hanoi for more than 30 years ago, but only about 1.2% has been done so far. Thus it is crucial to consider this mission urgent not necessary.

Vietnam - 06 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.

Colliers

Contradictory facts between commercial centers in prime locations

www.zingnews.vn

Colliers' Q4/2022 data indicates that Diamond Plaza has an average rent of almost 155 USD/sqm/month, second only to District 1's Times Square. However, the appeal of these shopping centers differs by customer segment.

Vietnam allows companies to make bond payments with other assets

www.bloomberg.com

Vietnam said companies facing a liquidity crunch can use other assets to make principal and interest payments on bonds if their debtholders agree.

Hai Phong about to commence a social housing project of nearly VND 4,900 billion

www.vnexpress.vn

The project will be implemented on an area of 16.9 ha. Specifically, the social housing area includes 10 blocks of 15-storey apartment with about 4,456 units, and 7-storey commercial housing area with 163 units.

ACV asks to extend the construction time of Long Thanh Airport's passenger terminal www.thesaigontimes.vn

Vietnam Airport Corporation (ACV) proposes the Ministry of Transport to allow the adjustment of the time for the implementation of the package contract 5.10 from 33 months to 39 months, completing the passenger terminal in 2026.

Vietnam - 07 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.

Colliers News

Increasing hotel demand brings opportunity to hospitality real estate

www.thanhnien.vn

In Hospitality Insights Q1/2023, Colliers view is that 2023 will continue to witness a recovery in travel, with hotel demand across the region continuing abound. Singapore, Bangkok, Bali, and HCMC are expected to lead the recovery across Asia. These fundamentals bring great potentials to the hospitality real estate in Vietnam.

7,753 off-plan properties in HCMC eligible to sell

www.phunuonline.com.vn

The HCMC Department of Construction confirmed the eligibility of 3 off-plan projects to raise capital in February, with 4,495 units including 3,941 apartments and 554 low-rise houses. Accumulation in early 2023, there are 5 projects with 7,753 units allowed to sell in HCMC.

Actis investment fund (UK) "pours" 20 million USD into An Phat 1 Industrial Park

www.diendandoanhnghiep.vn

Thanks to synchronous infrastructure investment, An Phat 1 Industrial Park is a bright spot to attract foreign direct investment (FDI) in Hai Duong province. In particular, Actis Sustainable Infrastructure Development Investment Fund (UK) "poured" 20 million USD into this industrial park.

HCMC to spend nearly VND 250 billion to lift two bridges over Saigon River

www.laodong.vn

Two bridges included Binh Trieu 1 and Binh Phuoc 1 crossing the Saigon River will be raised to 7 meters, with a total investment of nearly 250 billion VND, completed in 2024 to help ships circulate easily and promote the development of waterway transport.