Monthly Real Estate News I November 2022

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David Jackson CEO

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+84 28 3827 5665

Ho Chi Minh City Deutsches Haus HCMC, 3rd Floor 33 Le Duan Blvd, Ben Nghe Ward District 1, HCMC, Vietnam

Hanoi Epic Tower, 3rd Floor 19 Duy Tan Street Nam Tu Liem District, Hanoi, Vietnam

Cambodia 93 SI Building, Preah Sihanouk Sangkat Chaktomok, Khan Doun Penh Phnom Penh, Cambodia

Daily Real Estate News Highlights

Vietnam - 01 November 2022

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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.

The market does not lacking capital for M&A deals

www.antt.vn

Although the volatile macro context has slowed down the pace of M&A activities, Mr. David Jackson - CEO, Colliers (Vietnam) shared that there is no shortage of capital for real estate M&A. Moreover, the most vibrant activities focused on industrial - logistics, residential, and office segment and the investors are having high hopes thanks to its full potentials.

He also assessed that with special qualities of the real estate sector, foreign investors with a long-term vision always want to find reputable and capable partners for long-term cooperation and development in Vietnam.

New and focal points of the amended Land Law

www.plo.vn

The Government's report states 11 new points of the draft law, including 3 most sensitive issues. First, specific regulations on land auction, bidding for projects using land. Second, to mortgage, sell, lease or contribute capital to assets attached to the right to lease land. Third, people whose land has been acquired can choose different compensation types.

Lotte Group expands investment to Dong Nai ww.baodautu.vn

After commencing a 900 mln USD complex project in Thu Thiem, Lotte Group plans to build more complexes near Long Thanh Int' Airport by working with landowners and developers to transfer.

Lien Chieu Port to be commenced at the end of this year www.thesaigontimes.vn

Da Nang People's Committee just issued a letter requesting Management Board for Traffic Works Construction and Investment to commence construction of Lien Chieu port by the end of this year.

No social housing project investor accesses preferential loans www.vnexpress.vn

The 'big 4' banks of Vietcombank, Vietinbank, Agribank, BIDV have not yet been allocated capital, so no investor of social housing project is able to access the preferential loans in the 2016-2020 period, according to the Minister of Construction - Mr. Nguyen Thanh Nghi on October 31.

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The draft Land Law will amend and supplement 11 major policy groups.

Mr. David Jackson Chief Executive Officer Colliers (Vietnam)

Daily Real Estate News Highlights

Vietnam - 02 November 2022

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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.

Real estate market under downward pressure www.phunuonline.com.vn

Statistics of batdongsan.com.vn show that transactions were 50% down q-o-q, stranded cashflows and rising interest rates have left many investors under great pressure. Commenting on this matter, Mr. David Jackson - CEO, Colliers (Vietnam) said, those buyers who took advantage of bank loans to invest in real estates now have to sell off to prevent increasing costs. He also believes this is a good 'filter' for the market to select buyers with strong financial capabilities.

About 1.13 million billion VND needed for housing development for workers and low-income people www.nhadat.tuoitre.vn

Over 1 million billion VND is needed to invest and build at least 1 million social houses in the 2021-2030 period, according to the plan of the MOC submitted to PM. To achieve this goal, MOC proposed using the capitals from central and local budgets.

Vietnam's digital economy grows fastest in Southeast Asia www.thanhnien.vn

The demand for social housing and housing in the working period from now to 2030 is about 2.4 million units

E-commerce continues to play a crucial role to develop Vietnam's digital economy pre- and post-pandemic. Google, Temasek and Bain & Company have just released the Southeast Asian Digital Economy report, in which it is estimated that the total value of goods in Vietnam's digital economy in 2022 will reach 23 bln USD, 28% up y-o-y (18 USD bln), leading Southeast Asia.

Hau Giang: 4 resettlement projects serving highways selected investors www.bds.tinnhanhchungkhoan.vn

On October 31, Hau Giang People's Committee assigned the Management Board of Hau Giang's civil and industrial construction investment project to be the investor of 4 resettlement projects serving the Eastern section of the North-South expressway.

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Mr. David Jackson Chief Executive Officer Colliers (Vietnam)

Daily Real Estate News Highlights

Vietnam - 03 November 2022

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Which segment shines bright in the real estate market? www.vtc.vn

Tourism has rebounded strongly with robust activities. Hospitality real estate, therefore, is a segment worth invesment. Mr. David Jackson - CEO, Colliers (Vietnam) shared that hospitality real estate did not increase in price too much in the past two years, unlike other segments. This helps investors to feel motivated to accelerate their invesment decisions.

The Lego Group breaks ground on new USD 1 billion Vietnam factory www.tuoitre.vn

On Nov 3, the LEGO Group broke ground at its new factory in Binh Duong's VSIP. This is the largest Danish investment in Vietnam and is the second factory in Asia.

THACO member group opens Emart Sala supermarket www.vietnamplus.vn

On Nov 3, Emart Sala officially opened, marking the collaboration between Thiso Retail and Korean-based Emart. Thiso Retail aims at 20 supermarkets in the next 5 years, with 1 billion USD of target revenue by 2026.

Improving 'tailor-made' services to greet foreign investments to Vietnam www.thesaigontimes.vn

On Nov 2, BW Industrial and SEA Logistics Park signed a cooperation agreement with SaigonTel, the investor of two industrial clusters in Thai Nguyen, to develop ready-built factories and logistics infrastructure here. Real estate transactions dropped 50% www.saigondautu.com.vn In latest market report sent to HCMC People's Committee, HoREA accessed that the real estate market has showed signs of slowing down with decreasing transactions. Yet, prices keep increasing because both developers and investors hope the market will get better by the end of this year (before Lunar new year).

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.

Mr. David Jackson Chief Executive Officer Colliers (Vietnam)

Deputy Prime Minister Pham Binh Minh and Crown Prince Frederik visited the LEGO factory model

Daily Real Estate News Highlights

Vietnam - 04 November 2022

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.

Market

forecast of serviced apartments in Ho Chi Minh City

www.reatimes.vn

Real estate experts believe that the return of international visitors will help the segment of serviced apartments in HCMC to grow strongly in the near future. According to Mr. Morgan Ulaganathan - Head of Asset Services and Hospitality Advisory, Colliers Vietnam, considering the growing number of foreigners and expats coming to Vietnam with different demands on accommodation (location, quality, lease term, etc.), the long-term prospect of the serviced apartment market in Vietnam is still very large.

DHL Express inaugurates new service centre in Hanoi www.vietnamnews.vn

Located in Bac Tu Liem district, the new West Hanoi Service Center is another step in the global logistics leader’s ongoing commitment to facilitating global trade for Vietnam. Representing an investment of approximately EUR2 million and spanning almost 2,600sqm, the West Hà Nội Service Centre is almost three times the size of its previous site.

Hundred billion underpass near the new Mien Dong Bus Station to open to traffic by the end of November www.thanhnien.vn

This underpass is a main part of the overpass project in front of the new Mien Dong Bus Station. Laying on the right of National Highway 1, the construction will help separate the flow of vehicles and reduce congestion in the area.

Proposing 'decent compensation' for those whose land has been acquired www.pvnexpress.net

At the National Assembly on Nov 3, delegates suggested that the land acquisition should not be done for the purpose of socio-economic development, and the compensation amount should be close to the market price and adequate for the land values. The State should only acquire land for the purpose of national defense and security.

The inauguration ceremony of DHL Express West Hà Nội Service Centre.

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Market forecast of serviced apartments in HCMC

Daily Real Estate News Highlights

Vietnam - 07 November 2022

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.

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CEO of Colliers (Vietnam) shares some tips on real estate investment in the recent high-interest-rate environment www.cafeland.vn

Sharing with CafeLand, Mr. David Jackson - CEO of Colliers (Vietnam) said that investment opportunities for real estate still exist thanks to long-term prospects. However, amid market fluctuations, investors need to carefully study and research the legal factors, planning, and financial capabilities.

Vietnam central bank chief says it can provide liquidity to the banking system www.tuoitrenews.vn

Vietnam's central bank is willing to provide liquidity to the local banking system, Governor Nguyen Thi Hong said on Sunday, as lenders face pressure from higher interest rates and tightening credit conditions.

Land acquisiton for socio-economic development: specific criteria for 'national public interests' needed www.plo.vn

Resolution 18-NQ/TW states "to promote commercialization of land use rights", thus reasoning must be based on this principle: define criteria for 'national, public interests' and ensure publicity and transparency. Chairman of Novaland - on difficulties in the real estate market www.nhadat.tuoitre.vn

Sharing exclusively with Tuoi Tre, Mr. Bui Xuan Huy - Chairman of Novaland's Board of Directors - said that before the general difficulties of the market, this enterprise must restructure, review its business activities and focus on the core business segment.

Binh Dinh: suggest to build more terminals to convert Phu Cat airport into an international airport www.vneconomy.vn

Binh Dinh People's Committee proposed to expand Phu Cat airport to level 4E and build a new terminal by PPP method, aiming to develop it into an international airport. In the immediate period, the locality proposes to invest in building and expanding the parking lot, from the current 7 parking spaces to 14 parking spaces; with 11 spaces for Code C aircraft and 3 for Code E aircraft.

Mr. David Jackson Chief Executive Officer Colliers (Vietnam)

The State Bank of Vietnam building is seen in Hanoi, Vietnam, October 8, 2022

Daily Real Estate News Highlights

Vietnam - 08 November 2022

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.

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Apartment ownership for a term of 50-70 years is a good news for real estate market www.cafef.vn

In an interview, Mr. David Jackson - CEO, Colliers (Vietnam) shared that leasehold apartments (apartments with finite term of ownership) create opportunities for redevelopment and change in land use purpose when the lease is expired. However, as this definition is new in Vietnam, it is crucial to have an implementation road map, clear legal provisions and proper communications, thus contributing to the stable and sustainable growth of the Vietnam real estate market in the long run.

Behind the effort to attract technology giants to Vietnam for production

www.doanhnhanvietnam.vn

When the tech giants want to diversify their supply chains out of China, Vietnam is one of the countries that benefit the most. Hai Phong emerged as a fast-growing industrial area in Vietnam as many electronics manufacturers opened their "bases" here as the southern region gradually became overcrowded, according to Rest of World.

Rental housing segment rebounds and grows steadily www.reatimes.vn

Home purchase is getting more difficult due to limited cash flow and tightening credit policies. Meanwhile, demand on accommodation and business continues to increase, led to the recovery and robust growth of rental apartments and retail premises. Rental prices, therefore, are on an upward trend.

Ho Chi Minh City needs an additional VND 72,000 billion to invest in traffic www.plo.vn

HCMC's Department of Transport proposed the City People's Committee to allocate nearly 72,000 billion VND for 61 road traffic projects, 27 waterway transport projects and two investment programs. Currently, the proportion of capital allocated to the traffic industry in Ho Chi Minh City in the 2021-2025 period is only 18.8% of the total capital demand, so it cannot meet the investment and development plan.

Terms of apartment ownership should be diverse www.plo.vn

The term of apartment ownership should be determined according to the building life cycle based on initial investment and design, and can be up to 200 years.

An electric vehicle factory in Hai Phong.

Mr. David Jackson Chief Executive Officer Colliers (Vietnam)

Daily Real Estate News Highlights

Vietnam - 09 November 2022

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Real estate subdivision: A popular model in many countries

www.vtv.vn

This model is not new and has been applied successfully worldwide to drive liquidity of real estate transactions. Sharing with VTV, Mr. David Jackson – CEO, Colliers (Vietnam) assessed that Real Estate Investment Trust also has some similarities. REIT raises capital and helps investors to earn dividends (profits) from income-generating properties.

Unwind a string of difficulties for real estate in Ho Chi Minh City www.thesaigontimes.vn

On November 8, the Government Office, the Ministry of Construction, the Ho Chi Minh City Real Estate Association (HoREA) and a number of real estate businesses discussed and removed difficulties for the real estate market in Ho Chi Minh City.

Thanh Hoa: New industrial cluster with an investment capital of VND 189 billion established www.congthuong.vn

The Van Ha 2 industrial cluster has a scale of 23 hectares in Thieu Phu Commune, Thieu Hoa District. The project is expected to complete in 2025.

Capital from credits and bonds got stuck, real estate stocks continue to be sold off www.diendandoanhnghiep.vn

Difficulties of real estate businesses in general in the market are reflected in stock prices and market movements during the past time.

Exhausted' real estate businesses borrow high interest rates and drastically cut staff to survive www.markettimes.vn

Many businesses had to accept high-interest loans, sell off their projects, offer deep discounts and drastically cut staff to struggle amid prolonged difficulties.

Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on

Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Mr. David Jackson Chief Executive Officer Colliers (Vietnam)

High-end projects like The Grand Manhattan are many, while social housing for HCMC is too little

Daily Real Estate News Highlights

Vietnam - 10 November 2022

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.

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It's never been "easier" to buy a home for real needs than it is now www.cafef.vn

For homebuyers, this time is extremely favorable to buy property at a good price. A series of sales policies is leaning in favor of the end-users. Mr. David Jackson - CEO, Colliers (Vietnam) shared that those preferential policies are the result of macroeconomic analysis, demand, liquidity as well as market sentiment carefully analyzed by investors.

Lam Dong approves the investment policy of VND 12,000 billion Da Nhim River Southern urban area www.cafef.vn

After rejecting FLC, Lam Dong is considering the proposal of Ecopark Group. Located in Lien Nghia town, Duc Trong district, the project has 153 hectares with a total project investment capital of 11,842.97 billion VND.

Tourism revives, yet hospitality real estate is getting more gloomy www.phunuonline.com.vn

Promotions and discounts introduced; yet sales still drop because of the loss of investors’ trust due to lack of legal provisions. According to experts, the most important issues in hospitality real estate that needs to be resolved are: legal definition, commitment of profits from the developers, and ownership rights should be legalized.

Appointing the contractor for the 8,000 billion VND section of Can Tho - Hau Giang expressway www.thesaigontimes.vn

The component project of the Can Tho - Hau Giang section is divided into 3 bidding packages, in which two packages of construction and installation of the whole route and supervision consultancy are applied in the form of contractor appointment. Bidding packages will be implemented in the fourth quarter of 2022, funded by the state budget.

Preparing to amend regulations on real estate tax and notarization www.tienphong.vn

The General Department of Taxation (MOF) issued a detailed plan of solutions in terms of land and real estate to improve tax management and prevent the loss of state's revenue.

Mr. David Jackson Chief Executive Officer Colliers (Vietnam)

Lam Dong approves the investment policy of VND 12,000 billion

Da Nhim River Southern urban area

Daily Real Estate News Highlights

Vietnam - 11 November 2022

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Brokers silently go hunting for factories

www.bds.tinnhanhchungkhoan.vn

The demand for rental factories is increasing, but many tenants and project investors have not found each other yet. Looking for vast industrial spaces is not easy as the market is lacking ready-built factories. According to Colliers (Vietnam), in Q3/2022, the occupancy rate of IPs in Hanoi reached 92% and the average rental price was about 146 USD/sqm/term.

Vietnam’s National Assembly "fixes" the GDP growth target of 6.5% in 2023 www.nld.com.vn

The overall goal in 2023 is to continue giving priority to maintaining macroeconomic stability, controlling inflation, promoting growth, and ensuring major balances of the economy. 15 major goals are set, including GDP growth of 6.5%, GDP per capita of 4,400 USD, and CPI growth of 4.5%.

Government approves investment an expressway connecting Dong Nai and Lam Dong www.vnexpress.vn

The Tan Phu - Bao Loc expressway has 66km in length, starts at the end of Dau Giay – Tan Phu expressway (Dong Nai) and ends at Dau Giay – Lien Khuong expressway (Bao Loc city, Lam Dong). With a total cost of VND 17,200 billion, the project will be commenced from 2023 to 2026.

Vinh Long develops another trillion VND industrial cluster next to Can Tho City www.plo.vn

The Thuan An industrial cluster has a scale of 72.9 hectares in Thuan An commune, Binh Minh town with a total investment of 1,300 billion VND. The project will be built in 2 years and has an operation term of 50 years from the date of official establishment (November 10).

Thai Binh to have a 2,000 billion VND industrial park www.nhipsongkinhte.toquoc.vn

On Nov 9, the Prime Minister approved the investment policy of Hai Long industrial park in Thai Binh. Located in Tien Hai district, the project has a scale of 296.97 hectares with a total investment of more than 2,213 billion VND.

Vietnam’s National Assembly "fixes" the GDP growth target of 6.5% in 2023

Mr. David Jackson Chief Executive Officer Colliers (Vietnam)

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.

Daily Real Estate News Highlights

Vietnam - 14 November 2022

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Which area has the most potentials to invest in apartment in 2023?

www.dothi.reatimes.vn

Although the outlook is not clear, the condominium market in suburban areas still remain attractive in 2023 thanks to the development of the infrastructure system and planning. Mr. David Jackson - CEO, Colliers (Vietnam) shared that housing products with affordabe prices and good qualities will be investor's first choice in the coming time. However, he advised investors to take a long-term view in mind before making any decision.

Groundbreaking ceremony of Gilimex industrial park in Thua Thien - Hue www.tuoitrenews.vn

On Nov 11, a new $104.77mn industrial park took shape in Huong Thuy town, Hue. Once completed, the project is expected to drive the socio-economic growth of the southern region of Hue.

Billion-VND social housing challenges workers www.baodautu.vn

Which area has the most potentials to invest in apartment in 2023?

Officials attend the ground breaking ceremony of the VND2.6 trillion (US$104.77 million) Gilimex industrial park project in Thua Thien-Hue Province, Vietnam, Nov 11, 2022.

The goal of social houses is for low-income people, but the price ha reached too high compared to their income. The constantly escalating housing prices restrict the majority of workers to purchase. Before 2019, the price of affordable apartments did not exceed 16 million VND/ sqm, now it is over 25 million VND/sqm, even higher. Meanwhile, workers can only save about 20-25% of their income, equivalent to 1.5-1.8 million VND/month, to buy a house. Thus, to buy an apartment for 1-1.6 billion VND, the installment period is longer than the prescribed period of 15 years.

MONRE: Data on land prices will be developed www.vnexpress.net

On Nov 14, Minister of Natural Resources and Environment affirmed that land financing and planning are two tools for the State to conduct management and the right to represent the entire people's ownership of land. In the near future, people can access land prices through databases or cadastral maps and land digitalization.

Decided to build 250km/h railway for passengers and goods www.plo.vn

The Vietnam's MPI and MoT have just agreed on the investment of a North-South high-speed railway with a design speed of 180-250 km/h, instead of 350 km/h. The project then will be submitted to the Prime Minister to report to the National Assembly for investment policy.

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.

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Vietnam - 15 November 2022

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.

Retail booms, aiming for a 350-billion USD target www.laodong.vn

Rebounding post-pandemic and overcoming market fluctuations, many retail businesses in Vietnam have achieved strong performance with profits continuously reported. They also have plans to expand their market share in the last months of the year. According to Colliers, Vietnam has been demonstrating positive signals in terms of economic and retail growth, therefore attracting retail giants to join.

Binh Dinh approves the investment policy of the iron and steel project of VND 53,500 billion www.thanhnien.vn

On Nov 15, Binh Dinh People's Committee approved the investment policy of Long Son Iron and Steel Complex in Hoai Nhon town. The 468-hectares project has an invested capital of 53,500 billion VND.

Lodgis Hospitality Holdings offers Ixora Ho Tram by Fusion www.vir.com.vn

Many retail businesses consider the end of the year to be a good opportunity to stimulate consumption demand and increase sales.

Part of The Grand Ho Tram Strip, Ixora Ho Tram by Fusion, is brought to the market by international developer Ho Tram Project Company and its institutional investor Lodgis Hospitality Holdings.

Quiet market: Chance for real estate companies to strengthen their resources www.doanhnhansaigon.vn

Experts advise consolidating internal resources and capacity such as brokerage, project development and corporate governance. For investors, considering more challenges to come in the future, it is necessary to consider speculation activity.

Perspective of Long Son Iron and Steel Complex project

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Experts:

www.baodautu.vn

Coming to year end, many attractive real estate "stocks" with breakthrough sales policies have been prepared to serve the growing demand for housing over the past time. Explaining this movement, Mr. David Jackson - CEO, Colliers (Vietnam) said that suburban real estate is focused thanks to connecting infrastructure, limited land funds in the center, and more reasonable selling prices.

The National Assembly demands to correct violations in nearly 1,000 wasteful projects www.vnexpress.net

The National Assembly requested the Government to clarify the responsibility of organizations and individuals for violations, losses and waste in nearly 1.000 ineffective and behind schedule projects.

New planning of Nha Trang with no more land for rice cultivation and aquafarming www.nhadat.tuoitre.vn

Khanh Hoa has approved the land use planning of Nha Trang city which will convert all agricultural land for rice cultivation and aquafarming (over 1,171 hectares) to other purposes. Many farmers question and concern that their livelihood will be affected.

A huge capital needed to build 1.4 million social housing www.dantri.com.vn

The Ministry of Construction suggested to support real estate companies to raise a capital of 1.13 million billion VND to build 1.4 million units of social housing and houses for workers from 2021 to 2030.

Real estate prices started to decrease, is it easy to find the bottom? www.cafeland.vn

For some investors, real estate depreciation is a chance to increase their portfolio with good products at low prices. However, it is not easy to determine the market's "bottom". Some believe that the higher interest rates reach, the lower asset values will likely be.

The more fluctuating the market is, the more attention housing solution serving real needs receives

Mr. David Jackson Chief Executive Officer Colliers (Vietnam)

Delegates of the National Assembly pressed the button to approve the draft resolution, on the afternoon of Nov 15.

Vietnam - 16 November 2022

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.

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Vietnam - 17 November 2022

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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.

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Urban renewal in Asian cities and some experiences for Vietnam

www.bds.tinnhanhchungkhoan.vn

Despite different imperatives applied in different countries, the participation of private sector is key, driven by the government’s efforts on new legislation provisions to accelerate the process. These initiatives therefore show how urban renewal is made possible and offering experiences for Vietnam to renovate and rebuild degraded apartment buildings.

Lotte makes next big move www.diendandoanhnghiep.vn

On Nov 15, the Korean retailer opened a 2,000-m2 duty-free store in VVMall in My Khe beach area, Da Nang. The store is considered to be the largest duty-free shop in Vietnam, proving the giant's ambition in this market.

Apartment prices continue to rise with high-end segment increases the highest www.doanhnhanvn.vn

Average selling prices of condominium in Hanoi and HCMC don't show any signs of cooling down. Specifically, the growth rate of apartment prices in Hanoi is much stronger than in HCMC, which are 3%-17% and 3%-7% respectively.

Proposing 17,000 billion VND to build 6 km of Ring Road 2 of Ho Chi Minh City www.vnexpress.net

After pending for years, the two sections of Ring road 2 passing through Thu Duc city, more than 6 km long, are proposed to be invested with a total investment of more than 17,000 billion VND.

Dong Nai: Xuan Loc district proposes to add an 1,100-ha industrial park www.vneconomy.vn

As planned, Xuan Hoa industrial park will have a scale of 1,120 hectares, located in the area of Xuan Hoa and Xuan Hung communes, near the Dau Giay - Phan Thiet highway. Currently, Dong Nai has 31 IPs operating, 1 IP under construction and 7 IPs that have not been established.

An old apartment building in Thanh Cong area, Hanoi.

Lotte Duty Free Duty Free Store in Da Nang, Vietnam.

Daily Real Estate News Highlights

Vietnam - 18 November 2022

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Homebuyers' demand is changing, especially in the green and modern lifestyle www.bds.tinnhanhchungkhoan.vn

The pursuit of green and modern lifestyle is on the rise among the young and well-educated residents. On this matter, Mr. Tin Nguyen - Manager of Research & Advisory Services, Colliers (Vietnam) analyzed the 3 most important points for homebuyers when considering an apartment are location, price, and legal status. However, the requirements on utilities, services and living space are also growing rapidly.

Real estate businessed are "stuck" between legal and capital difficulties www.vietnamfinance.vn

According to HoREA, more than 100 projects in HCMC stopped constructing due to problems in legal provisions and law enforcement. The credit imbalance and rising interest rates limit homebuyers and secondary investors to access loans, while developers also cannot raise capitals through bond channel.

Hai Phong constructs dykes to infringe on the sea www.vnexpress.net

On 17 Nov, Hai Phong People's Committee commenced the construction of Nam Dinh Vu sea reclamation dyke with a total cost of more than VND 2,200 billion. Located in Dinh Vu - Cat Hai economic zone, the project will be implemented in 3 years.

Vingroup started the second battery factory of more than VND 6,000 billion in Ha Tinh www.baoxaydung.com.vn

The project of joint venture manufacturing Lithium battery VINES - GOTION has a total investment of more than VND 6,329 billion. The project is implemented in Vung Ang economic zone, Ha Tinh province.

Ring Road 2 costs almost 10,000 billion VND before traffic day www.vietnamnet.vn

The Ring Road 2 (Hanoi) was constructed in the final stage and is expected to open to traffic by the end of 2022. Construction started in 2018 but was interrupted by the Covid-19 epidemic. Up to now, the items of the two up and down branches have basically been completed.

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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

Mr. Tin Nguyen

Manager of Research & Advisory Services, Colliers (Vietnam)

Real estate businessed are "stuck" between legal and capital difficulties

Daily Real Estate News Highlights

Vietnam - 21 November 2022

Colliers (Vietnam): Cash buyers are 'mastering

game' in the real estate market www.markettimes.vn

As confronting to the increasing interest rates and low liquidity, many investors using financial leverage must find ways to trade their investments at less attractive prices than expected to avoid being “drown” by the bank loans. This opens opportunities to the cash buyers who can purchase the property outright rather than getting a mortgage or loan.

Expats struggle to find affordable housing amid soaring rentals www.vnexpress.net

Many foreigners in Hanoi and HCMC are looking to relocate to more affordable accommodations when rentals keep rising. In HCMC, rents for serviced apartments climbed by 6-8% y-o-y in Q3. Analysts expect rents to keep rising in the remaining months of 2022 as more Vietnamese now choose renting over purchasing a home.

Hanoi restricts investors with violations to participate in new housing projects www.congthuong.vn

Hanoi requests not to allow investors who commit serious violations in investment, management, operation, and use of apartment buildings to participate in investment in new housing development projects in the Capital city.

The 10-year cycle of the real estate crisis and the differences www.thesaigontimes.vn

The adjustment of monetary policy caused the real estate market to suddenly decelerate. People are concerned about a repeat of a cycle of crises similar to the one 10 years ago. But for investors and businesses that have gone through both crises, they still feel the difference in the movement of these two.

Social housing started construction and stood motionless www.vnexpress.net

Many housing projects for low-income people and workers broke ground on April 30 and September 2, but so far it's just a vacant lot and has not been constructed. By mid-November, nearly half a year after the groundbreaking ceremony, the social housing project in Nguyen Son Residential Area (Binh Chanh District) was still an empty lot.

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.

the

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Apartment projects in HCMC's Thu Duc City.

Mr. David Jackson Chief Executive Officer Colliers (Vietnam)

Daily Real Estate News Highlights

Vietnam - 22 November 2022

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.

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Tailored industrial real estate on the rise www.vtv.vn

Besides ready-built facilities, tailored factories and warehouses are receiving more demands from manufacturers. To meet these requirements, Mr. David Jackson - CEO, Colliers (Vietnam) recommends landowners and developers improve infrastructure and legal services to better support the investors.

Work on Dau Giay - Lien Khuong Expressway to begin next year

www.thesaigontimes.vn

The Transport Ministry and Lam Dong and Dong Nai provinces are finalizing preparations to start work next year on the Dau Giay-Lien Khuong expressway. The 3 component sections are Dau Giay - Tan Phu, Tan Phu - Bao Loc, and Bao Loc - Lien Khuong.

Maersk merged with LF Logistics in a 3-billion USD deal. www.diendandoanhnghiep.vn

(Vietnam)

Work on Dau Giay - Lien Khuong Expressway to begin next year

Maersk and LF Logistics aim to bring Vietnam into the supply chain through a strong global logistics network with comprehensive warehousing, distribution and supply capabilities optimized by data and powered by technology.

Sharply rising prices of apartments lead to a surge in rent www.danviet.vn

Selling prices continue to increase, especially in high-end segment. Meanwhile, rental demand is on the rise in Hanoi and HCMC. As of October, interest rates increased sharply in all types of rental properties, with offices up 181%, townhouses up 127%, apartments 43% and shophouses 39% over the same period last year.

Ho Chi Minh City proposes to exchange land for displaced people in compensation and site clearance www.nhadat.tuoitre.vn

The HCMC People's Committee has proposed to the MONRE 12 contents related to land for the specific mechanism. Specifically, if there is no land with the same purpose to compensate the displaced, compensation is allowed with land with different purposes of use with an appropriate ratio.

Mr. David Jackson Chief Executive Officer Colliers

Daily Real Estate News Highlights

Vietnam - 23 November 2022

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

Experts: Real estate M&A will be more vibrant

www.reatimes.vn

M&A plays a key role in 'rescueing' domestic developers as well as fitting investor sentiment. According to Mr. David Jackson - CEO, Colliers (Vietnam), M&A activities help benefit all stakeholders thanks to good potential, and bring more energy to the real estate market. For acquirers who are institutional investors or big developers, M&A is a wise growth strategy.

Working on the stock and corporate bond market

www.vneconomy.vn

On Nov 23, Minister of Finance had a meeting with the State Securities Commission, Department of Finance and Banking, Vietnam Stock Exchange and Hanoi Stock Exchange to find solutions to strengthen confidence in the bond market and enhance liquidity. The MOF will soonly review the legal framework, including the recently released Decree 65/2022/ND-CP for appropriate adjustments.

Working on the stock and corporate bond market

Hoa Phat "shakes hands" with Hop Nghia to build a residential area of more than 5,600 billion VND www.cafef.vn

They were the only investor who submitted the application to implement the project of Cao Xa Ecological Rural Residential Area, Lam Thao District, Phu Tho. With a total investment of VND 5,622 billion, the project has a scale of 120 ha including townhouses, villas, mixed-use and public commercial buildings.

Ministry of Construction will inspect 10 localities for real estate transactions and construction planning www.thanhnien.vn

In 2023, the Inspectorate of the Ministry of Construction will inspect construction planning in 3 provinces; inspecting real estate business, infrastructure construction in commercial housing and urban construction projects in 7 provinces and cities.

Strongly reducing prices, real estate investors still struggle in finding buyers www.vtc.vn

Used to squandering on real estate, many investors now cut prices drastically to sell off their assets but still struggle to find a buyer. Explaining this fact, experts assessed that prices have reached too high in the past 2 years, making people indifferent.

Mr. David Jackson Chief Executive Officer Colliers (Vietnam)

Daily Real Estate News Highlights

Vietnam - 24 November 2022

Top Daily Updated Real Estate News

Colliers News

Asia - Pacific Market Snapshot Q3/2022: Cash flow looking for a hedge www.bds.tinnhanhchungkhoan.vn

"Dealmaking activity in major markets continued despite macroeconomic challenges, with investors banking on office and industrial assets for long-term value. In Vietnam, industrial assets stay the most resilient with growing demand and promising yields. Prime-grade office assets with ESG-focused qualities continue to boost investors’ confidence. The lifting of COVID-19 related restrictions spurs the retail and hospitality segments to faster growth."

Two new cities in north, western part of Hanoi to be created www.vietnamnet.vn

Two new cities in the northern and western parts of Hanoi would help reduce overpopulation, transport and social infrastructure needs for the city's innermost districts.

VSIP Bac Ninh ecosystem pioneers in the development policy of the Government www.nhipcaudautu.vn

The office segment is recovering in Australia.

Two new cities in north, western part of Hanoi to be created

As a pioneering project, VSIP Bac Ninh ecosystem applies the policy of Industry - Housing - Services with functional subdivisions taking on separate roles including industry - manufacturing, urban - housing and services - social welfares for workers and residents.

Vietnam tops tech growth market index www.financialtimes.vn

Vietnam’s digital economy is set for compound annual growth of 8.9 per cent between 2022 and 2026, the fastest of any of 51 countries surveyed in the FT-Omdia Digital Economies Index. Analysts say that growth will be buoyed by the country’s young population and supportive government policies.

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.

Daily Real Estate News Highlights

Vietnam - 25 November 2022

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

Retail spaces rebound strongly

www.tapchixaydung.vn

The retail real estate market is recovering rapidly in Hanoi and HCMC, with increasing supply and low vacancy rates recorded. According to Colliers' Quarterly Knowledge Report Q3/2022, this is thanks to the improving infrastructure and positive economic growth. One factor making Vietnam's retail market attractive is the strong domestic consumption demand which is less affected by foreign circumstances.

Sembcorp Industries pioneers in ready-built warehouses in central Vietnam www.vir.com.vn

Located at Vietnam Singapore Industrial Park in Quang Ngai (VSIP Quang Ngai), Sembcorp Logistics Park is set to break ground on December 2, 2022, making Sembcorp the pioneer in modern ready-built warehouses in central Vietnam.

Ho Chi Minh City makes an unexpected inspection of the land sector www.vneconomy.vn

Retail spaces rebound strongly

Sembcorp Industries pioneers in ready-built warehouses in central Vietnam

The mission of the inspection team is to define the responsibilities of relevant organizations and individuals, propose following actions, and report to the HCMC People's Committee for consideration and decision. Inaugurate an important item of the petrochemical complex of more than 5 billion USD www.vtv.vn

On Nov 26, Prime Minister Pham Minh Chinh attended the inauguration ceremony of the specialized port cluster - tanks and the central utility plant of the Southern Petrochemical Complex Project (LSP). Invested by SCG Group (Thailand), the project is located in Long Son Oil and Gas IP (Vung Tau) and has a total investment of more than 5 billion USD.

Hanoi: Dong Anh district to auction 27 golden land plots www.vietnambiz.vn

Located near Dong Anh town, 27 land plots will be sold on Nov 26 with starting price range from 58 million to 64 million VND per sqm. Land use term is permanent.

Daily Real Estate News Highlights

Vietnam - 28 November 2022

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

“Working in the Capital in the daytime and sleeping in the outskirts will be the inevitable future” www.tinnhanhchungkhoan.vn

The opportunity for real estate market in the outskirts arises because it is not only an inevitable process of growth but also it takes the main responsibility for new housing supplies. On this matter, Mr. David Jackson - CEO, Colliers (Vietnam) shared that the segments related to industrial parks will benefit the most, such as factories, warehouses, logistics infrastructure, data centers, social housing, housing for workers & professionals.

Real estate sector still attracts more than 4 billion USD of foreign capital www.thanhnien.vn

According to the Foreign Investment Agency, Vietnam attracted a total of 25.1 billion USD of registered FDI as of Nov 20, with real estate ranking 2nd. FDI disbursement reached 19.68 billion USD, up 15.1% y-o-y.

Prime Minister: Real estate prices should be reduced so that people can put their money in www.tuoitre.vn

During a conference on Nov 27, the Prime Minister said that if the real estate market "fixes" anything, it must do immediately and if the current prices remain unchanged it will harm the market. Prices should be lowered a bit while the state management be stricter to recover people's confidence in real estate.

"Checking" billion-USD investment commitments in the Southeast provinces www.dautuvietnam.com.vn

Ba Ria - Vung Tau, Binh Duong, Dong Nai, Binh Phuoc and Tay Ninh have received investment certificates (MOU) in total 20 projects, worth more than 10 billion USD and 5,000 billion VND. The invested fields are petroleum refining, electronics, industrial park infrastructure, urban developments, tourism, etc.

Da Nang approved the contractor for the construction package of Lien Chieu port worth nearly 2,950 billion VND www.vietnamnet.vn

A joint venture between Phu Xuan Consulting and Construction JSC - Lung Lo Construction Corp. - Truong Son Construction Corp. - DACINCO Construction Investment Ltd Co. - Xuan Quang Construction JSC has won to build Lien Chieu Wharf, part of shared infrastructure.

Real estate sector still attracts more than 4 billion USD of foreign capital

Mr. David Jackson Chief Executive Officer Colliers (Vietnam)

Daily Real Estate News Highlights

Vietnam - 29 November 2022

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

Serviced apartments in Ho Chi Minh City increase in rents with limited supply www.tapchixaydung.vn

In the Quarterly Knowledge Report of Q3/2022 by Colliers, the segment of serviced apartments recorded no new supply in HCMC. Moreover, the short supply has led to an increase in rent which range from 31.5 USD/sqm/month for Grade-A apartment and 24 USD/sqm/month for Grade-B apartment.

Touching the bottom of real estate www.vnexpress.net

At the end of November, the secondary market in the South is on sales massively, with prices have been reduced by 15-20% as many investors got into financial crisis. Some wait for prices to reach the lowest, but experts said that the downward movement has just begun, so buyers should be careful with the big discount trap.

Serviced apartments in HCMC increase in rents with limited supply

Real estate market in the east of HCMC

VCSC: Vincom Retail plans to open 6 shopping centers in 2023 in Ha Giang, Bac Giang, Dien Bien Phu, Dong Ha… www.cafef.vn

Viet Capital Securities (VCSC) expects Vincom Retail to open new shopping centers next year. This move will reaffirm the company's vision as a leading investor in retail market. VCSC also believes that the retailer's rental profit will grow positively in 2023 based on forecasts about the support package being lower than the previous year.

Coastal hotels in Da Nang - Quang Nam massively on sales www.vtc.vn

Tourism has recovered, but business owners and accommodation companies in Da Nang and Quang Nam (Vietnam) are still selling their establishments from apartments to hotels. Not only 3-star hotels and rental apartments, 4-5 star hotels priced from 100 billion VND to nearly 200 billion VND in Da Nang are also being deposited through companies and real estate exchanges for sales.

Proposing a VND 29.5 billion advance to acquire land for Tan Son Nhat T3 station www.vnexpress.net

The Ministry of Defense asked Ho Chi Minh City to advance 29.5 billion VND to the Air Defense - Air Force to renovate constructions and barracks in the preparation of Terminal T3 of Tan Son Nhat airport. The T3 terminal takes up more than 16 ha of defense land. Ho Chi Minh City will acquire lands then hand over to the investor - Airports Corporation of Vietnam.

Daily Real Estate News Highlights

Vietnam

- 30 November 2022

Estate News

Year-end real estate market: Which segment gains an advantage? www.vtc.vn

Although the real estate market is facing difficulties, some segments prove more resilient with increasing demand, especially in industrial facilities. According to Colliers (Vietnam), long-term prospects of industrial real estate loom large thanks to the geographic advantage, political stability, abundant labor force and many attractive investment incentives.

Masan Group successfully disbursed a foreign capital of 600 million USD with low interest rates www.nld.com.vn

Masan Group announced to successfully disburse all syndicated loans with a low-interest rate from international financial institutions of a total value of USD 600 million (VND 15,000 billion). The banks that arrange capital for Masan Group include BNP Paribas, Credit Suisse, HSBC and Standard Chartered Bank.

The largest sales gallery in Vietnam is opened www.thanhnien.vn

Demand for apartments is still high in recent years.

Masan's supermarket chain

On November 29, Masterise Homes opened a sales gallery of The Global City project. This is considered the largest sales gallery in Vietnam with a scale of 10,000m2, uniquely designed and scaled in combination with advanced technology that first appeared in Vietnam.

Thousand-hectares Red River riverbank are oriented for urban areas and parks www.vietnamnet.vn

Hanoi City orients to build a new urban area, ecological housing and develop open space with the type of park - urban square, flooded park on an area of thousands of hectares in the Red River bank.

Proposal to accelerate the investment of Can Gio 'superport' www.thesaigontimes.vn

On November 27, the representative of the Committee for the Management of State Capital at Enterprises (CMSC) proposed to accelerate the investment in the Can Gio international transshipment port project in Can Gio district, Ho Chi Minh City.

Top Daily Updated Real

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.

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