Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 16

Daily Real Estate News Highlights Vietnam - 20 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. Growth quality concerns over disproportionate investment in Saigon real estate VnExpress Real estate attracted the highest proportion of capital by far into Saigon Jan-Apr, raising sustainability concerns. A recent report on the socio-economic situation of Ho Chi Minh City in the first 4 Real estate accounted for 32.7 months of 2019 says real estate accounted for 32.7 percent of all domestic investment into the city, the highest proportion, followed percent of all domestic investment into Ho Chi Minh City. by the sale and maintenance of motor vehicles, at 17 percent. HCM City: 46.8 percent of FDI goes to property sector Vietnam Plus Real estate was the most attractive sector for foreign direct investment (FDI) in Ho Chi Minh City in the first four months of the year with 164.58 million USD, or 46.8 percent of total FDI. According to the municipal Department of Planning and Investment, the British Virgin Islands was the largest investor by pouring 71.59 million USD Real estate was the most attractive sector for foreign direct investment into the sector, accounting for 43.5 percent of realty investment. (FDI) in Ho Chi Minh City in the first four months of the year. BaRia-Vung Tau calls for expressway project to be sped up The Saigon Times Ba Ria-Vung Tau Province’s Department of Transport on May 13 sent a report to provincial leaders on solutions to speed up the construction of Bien Hoa-Vung Tau expressway, Tuoi Tre newspaper reported. At a meeting between the provincial leaders and relevant departments, the department proposed three solutions: linking the HCMC-Long Thanh-Dau Giay expressway with Cai Mep-Thi Vai Port, with National Highway 55 in Ba Ria City or with Vung Tau City. Hoa Binh becomes main contractor of Gamuda Land’s project worth VND1,530 billion Vietnambiz Gamuda Land has appointed Hoa Binh Company (HBC) as the main contractor of Diamond Almata at Celadon City Township, Tan Phu District, HCMC. Diamond Almata is a high-end apartment project in Celadon City, with 8 towers, 1,344 apartments, shophouses and sky-linked villas, which are all developed following Gamuda Land’s GQUAS standards. HBC will construct 4 towers in Precinct A5 – Phase One, with total tender value of VND1,530 billion, and construction time of 549 days. The market awaits projects, projects await completion of procedures Dau Tu Bat Dong San Being known as one of property giants that invests and distributes apartments in HCMC, year-to-date, Hung Thinh Group has not yet launched any new project to the market. Not only that, leader of Hung Thinh Group also revealed that the company does not plan to introduce new projects in 2019, as all of its projects are being stuck with procedures. Not only Hung Thinh Group, but also other major property investors like Novaland, Him Lam, Thu Duc House, Dat Xanh, Nam Long… did not announce any new project in HCMC year-to-date. 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. ©2019. All rights reserved. [email protected] colliers.com/vietnam