Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 14

Daily Real Estate News Highlights Vietnam - 16 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. Find out more about Signial - Most attractive project in Southern Sai Gon Dan Tri With prime location, superior design, attractive price and developer’s good reputation, the Signial of the An Gia Group and investment fund Creed Group (Japan) is the most attractive project in the South With prime location, superior design, Saigon’s real estate market in the second quarter of 2019. Thanks attractive price and developer’s good reputation to right vision and meticulosity in outstanding designs that make An Gia’s projects stand out from other existing ones. Quang Ninh to host conference on public expenditure management Vietnam Plus The eighth plenary conference of the Public Expenditure Management Network in Asia (PEMNA) will take place in Ha Long city of the An aerial view of Ha Long city, northern province of Quang Ninh from May 22-24, announced the Quang Ninh province Ministry of Finance (MoF). This will be the first time that Vietnam has hosted the conference. Investment cost, toll collection time for Bach Dang bridge project slashed VOV The State Audit Office of Vietnam (SAV) proposed a reduction of 193 billion VND (8.2 million USD) to the investment cost of Bach Dang bridge, a BOT project in northern Quang Ninh province, as well as a cut to the project’s toll collection time, which is currently set at 20 years, to 17 years and eight months. The office pointed out the project’s discrepancies and technical shortcomings. VN real estate market likely to stay stagnant this year Vietnam News The Vietnamese real estate market will likely remain stagnant this year, unlike in 2017 when price increases were rampant in popular spots around the country, predicted deputy head of the Department of Housing and Real Estate Management Nguyen Manh Khoi. Khoi said there were unlikely to be bubbles in the property market this year because the Government had gained more experience in management and supervision. Real estate market to see stable trend in the rest of 2019 Khoa Hoc Pho Thong According to Mr. Nguyen Manh Ha, chairman of Vietnam Real Estate Brokerage Association, the real estate market in 2019 has witnessed many difficulties as well as advantages, this is also the 10-year recovery cycle since the stagnant real market in 2009. Mr. Nguyen Manh Khoi, Deputy Director of Housing and Real Estate Market Management Department (Ministry of Construction) said that the decreasing number of transactions and declining supply of real estate market in the first quarter of 2019 compared to 2018 was due to the policy of reviewing legal procedures and projects. 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