Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 18

Daily Real Estate News Highlights Vietnam - 22 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. Vietnam named among fastest growing economies in 2020s Vietnam Insider The 2020s are set to be the Asian decade, including Vietnam, with sustained growth rates of around 7%, according to Bloomberg. The service said that during the 2020s Asia will dominate an exclusive list of economies expected to sustain growth rates of around 7%. India, Bangladesh, Vietnam, Myanmar and the Philippines should all meet the benchmark of 7% growth rate. Phu My Hung to sell The Peak next week Bizhub Phu My Hung Development Corporation said this week it would launch the second phase of The Peak on May 25th following the successful first phase at the end of the first quarter. The Peak, the last project in Phu My Hung Midtown, is being developed in the district of Phu My Hung City Center, with the first phase comprising four buildings and the second having towers between 13 and 30 stories high. The 2020s are set to be the Asian decade, including Viet- nam, with sustained growth rates of around 7%, according to Bloomberg. Block B with only 60 condos will be sold this time. Property market still attractive in medium, long terms: forum VOV An insider has predicted a good outlook for the property market in the medium and long terms despite signs of decline in recent months. At a forum in Hanoi on May 16, Chairman of the Vietnam National Real Estate Association (VNREA) Nguyen Tran Nam said real estate companies listed in the stock market have recorded some drops in their revenue and profit. Though the Government has been making efforts to create an open and healthy business environment, there haven’t been any strong improvements, according to enterprises. Deputy Prime Minister urges approval of Sa Pa Airport plan Vietnam News Deputy Prime Minister Trinh Dinh Dung has asked the Ministry of Transport to approve a detailed plan for Sa Pa Airport in the northern mountainous province of Lao Cai. Earlier the provincial People’s Committee submitted a proposal to Prime Minister Nguyen Xuan Phuc, seeking approval to build the airport under a public-private partnership. Golden standards for selecting a house from the past can still apply on the present? VnEconomy “Near city, near river, near street” is an old word of wisdom about how to select a house. Nowadays, the development of smart township with integrated utilities have provided many selections for home buyers. Following the traditional of being “near city”, township developers have launched smart solutions for their projects, such as Gamuda Land Vietnam and is Celadon City township in HCMC. 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