Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 11

Daily Real Estate News Highlights Vietnam - 14 May 2019 Top 5 - Daily Updated Real Estate News Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market. Acquiring many large-scale land funds, Nam Long Group has high business target and 10-year vision Doanh Nhan Sao Viet Nam Long Group (NLG) is considered as a company with stable growth regardless of the eventful real estate market. The company’s total asset value was VND9,574 billion, and its pre-tax profit reached VND3,480 billion, up 10pct year-on-year. Meanwhile, its Nam Long Group (NLG) is con- sidered as a company with stable parent company’s after-tax profit was VND763 billion, up 43pct growth regardless of the eventful year-on-year. In 2018, NLG successfully sold 3,262 products, up real estate market. 11pct year-on-year, achieving revenue of VND5,156 billion, up 25pct year-on-year.” HCM City to develop resettlement housing without state funds Bizhub HCM City plans to develop social housing on its own instead of building new resettlement housing with state funds, according to HCM City plans to develop social housing on its own instead of the city’s People’s Committee. Resettlement housing is used for building new resettlement housing residents who must move to make way for urban embellishment with state funds, according to the city’s People’s Committee. projects. Corporate profits in Q1: A colorful picture Doanh Nhan Sai Gon Q1 corporate earnings season has passed with little support for the domestic stock market as investors continue facing various risks associated with global economic growth amid geopolitical shifts. Many companies reported worse-than-expected results. Meanwhile, Sabeco was named among the Top 10 most profitable companies in the first quarter of 2019 with a net profit of VND1.22 trillion (up 9.6% year-on-year). Experts speak out over Han River property projects Vietnam News Experts, scientists and architects agreed that a construction boom along the Hàn River over past decade had impacted on the river flow, erosion and floods, and could result in environmental tragedy in the future. The above opinions were discussed at a conference on the development of real estate projects in the central city yesterday following public concerns of construction projects. Investors move to Southern part of HCMC for investment Doanh Nhan Sai Gon The real estate market is entering new phase of growth. Many potential areas with big opportunity to invest in are unveiled gradually. South of HCMC with District 7 is the core of real estate atracttion. Recently, Ho Chi Minh City has taken steps showing off determination to have stable and successful development in the whole District 7. Since then, it has formed many new resident areas which are as attractive as Phu My Hung area. 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