Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 15

Daily Real Estate News Highlights Vietnam - 17 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. More than $500 million poured into Danang in the first quarter this year Vietnam Investment Review Since the onset of 2019, Danang has attracted more than $507 million of foreign and VND1.82 trillion ($79 million) of domestic investment capital. Specifically, the city wooed 32 new projects with the total registered capital surpassing $355 million, whereas in the More than $500 million in foreign same period last year the city lured in 15 projects with the total direct investment was poured into registered capital touching $1.352 billion. Danang in the first quarter of 2019. How Vietnam Rose to Become an ASEAN Star and the opportunities for investors Vietnam Insider It’s 7 am in Ho Chi Minh City’s (formerly known as Saigon) busy District One. Glass-faced skyscrapers adorn its skyline. Young professionals are trying to navigate through the busy traffic on their motorbikes. Hawkers are selling fast food such as famous Banh Mi Vietnam is fast becoming one of the most exciting economies in by the side of the road. There is a veritable energy, and only one that Asia. What are the opportunities for investors? is present in an aspiring society and a growing economy. Vietnam is one of the foreign investors’darlings The Saigon Times TOn the sidelines of the Invest Asia 2019 conference organized by May bank Kim Eng in Singapore on May 9-10, The Saigon Times talked with Ami Moris, the new chief executive officer of Maybank Kim Eng, over whether Vietnam is an attractive investment destination. Amis Moris is responsible for all of Maybank Kim Eng’sinvestment banking, brokerage and derivatives business operations in ASEAN. Work starts on $105m residence project in Hai Phong Bizhub Construction of an apartment and trade centre complex worth more than VND2.2 trillion (US$105 million) began in the northern port city of Hai Phong on Saturday. Financed by the Japan-invested Minato Vietnam Ltd Co, the Minato Residence project covers 1.26ha in Le Chan District. It will include two buildings with about 930 apartments and a trade centre. Property market must shift towards low-cost housing: Construction Ministry Vietnam News The Ministry of Construction has proposed reforming administrative procedures to create favourable conditions for the development of low-cost, compact social and commercial housing. This is one of the solutions suggested in the ministry’s latest report, submitted to the National Assembly ahead of its May session starting on May 20. 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. ©2016. All rights reserved. [email protected] colliers.com/vietnam