Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 10

Daily Real Estate News Highlights Vietnam - 13 May 2019 Top 5 - Daily Updated Real Estate News Colliers International’s Residentail Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market. Hongkong Land appoints Coteccons as the main contractor for The Marq Vietnam Investment Review Hongkong Land announced the appointment of Coteccons as the main contractor for its latest luxury residential development, The Marq. “The Marq continues to represent our trademark quality being The Marq represents a ‘mark of implemented in the Vietnamese property market,” said Robert Wong, excellence’, offering residents a chief executive of Hongkong Land. “We have decided to bring not vibrant and unique lifestyle only luxury branded materials, equipment and appliances to The Marq but also the highest quality of construction work, conducted by one of the most reputable main contractors in Vietnam.” Novaland tourism property gears up Vietnam Investment Review Vietnam’s tourism development has developed remarkably over recent years, with a growth rate between 30 and 40 per cent annually. The market has seen participation from both domestic and international developers who are hunting for large-scale land areas A perspective of second homes at NovaWorld Phan Thiet for developing hospitality and tourism complexes. Five reasons that make The Grand Manhattan a magnet for investors VnExpress Property insiders said the most anticipated news in the HCM City real estate market in May would come in the next few days when the last tower in the luxury residence project in District 1, The Grand Manhattan developed by Novaland Group, is launched.Why is The Grand Manhattan so attractive in a hectic market? Location is cited as the first reason. The other four factors are modern amenities, green areas, beautiful views, and developer’s prestige. Experts worry that GDP will decrease due to tightened credit for high-end properties Tap Chi Tai Chinh According to experts and property firms, tightened property credit this year may add another challenge to the real estate market that is already facing many difficulties. HCMC Real Estate Association has pointed out the market’s hardship: property firms have to deal with many risks, challenges, or even get pushed to bankruptcy, due to unstable and hard-to-foresee policies. List of companies that are less affected by limited property credit Bizlive Reviewing about an upcoming policy that will limit sources of capital for property firms, the securities firm HSC said that major investors will be less affected by the policy, as they have diverse channels to mobilize capital from. Five of the largest listed property companies that have diversified their capital mobilization instead of relying on commercial banks include: Vingroup (VIC), Novaland (NVL), Nam Long Group (NLG), Khadihouse (KDH) and Dat Xanh Group (DXG). For market research reports, please visit our website at www.colliers.com This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All material are sourced and collated in this document by Colliers is from the public domain. ©2017. All rights reserved. [email protected] colliers.com/vietnam