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Daily Real Estate News Highlights
Vietnam - 14 March 2023
Top Daily Updated Real Estate News
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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
M&A potential could revive choppy property market
www.vir.com.vn
Major players in private equity world are playing a smart game in the distressed property market. Morgan Ulaganathan, head of Asset Services and Hospitality Advisory at Colliers Vietnam shared that funds have been raising capital to invest in hospitality assets due to the current favourable valuations.
Vietnam cuts key rate by 100 basis points as economy slumps
www.bloomberg.com
Vietnam’s central bank unexpectedly cut the rate at which it lends to banks, underscoring the need to support the economy amid a bleak global outlook and slowing domestic demand.
Government proposes to limit apartment ownership duration
www.e.vnexpress.net
In amendments to the Housing Law, the Government wants the duration of apartment ownership to be fixed based on their design documents and the tenure determined by competent authorities. The proposal will be discussed by the National Assembly’s Standing Committee on March 17.
VND120 trillion credit package for social housing to be rolled out
www.english.thesaigontimes.vn
The SBV was assigned to implement VND120,000 billion for developing homes for the poor and workers, and renovating or re-building old apartment blocks. The credit package will offer soft loans at interest rates lower than normal market levels.
