Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 19

Daily Real Estate News Highlights Vietnam - 23 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. The Zei “vertical city” being developed at My Dinh Vietnam Investment Review On May 18, 2019, HD Mon Holdings officially started sales at The Zei. Located at 8 Le Duc Tho, South Tu Liem, The Zei “vertical city” is the only premium complex developed at the centre of My Dinh. Surrounded by many schools, international hospitals, companies, and “Vertical city” The Zei being developed multinational corporations, My Dinh is attracting tons of international at My Dinh citizens, including businessmen/women, scholars from Japan and Korea, and upper-class Vietnamese people. WB adopts US$125 million credit for HCMC’s sustainable urban development VOV The World Bank Board of Executive Directors on May 16 approved a US$125 million credit to assist Ho Chi Minh City in strengthening the adopts US$125 million credit for institutional foundations for sustainable urban development. This is WB HCMC’s sustainable urban develop- the World Bank’s first budget support operation to a sub-national ment entity in Vietnam, marking a strategic shift in the Bank’s engagement at the subnational level from sector-specific investments to supporting cross-cutting policy and institutional reforms. Quang Ninh urban development project will not affect bay: officials Vietnam News The urban renovation and public beach development project in the northern coastal city of Ha Long, Quang Ninh Province, will not encroach on Ha Long Bay, local authorities have stated. The project, invested by the city People’s Committee, is underway and is expected to come into operation in 2020. Tran Quoc Nghien Street, which stretches down the city’s coastline, will be expanded from four lanes to six and pavements will be narrowed. Korean ‘giant’ bets US$1 billion on Vingroup Kham Pha According to Yonhap, SK Group has signed an agreement to buy a 6.1% stake of Vingroup, worth about 1 billion USD. The agreement between SK Group and Vingroup has also called for strategic cooperation between two groups in other business opportunities in Vietnam such as infrastructure development or business cooperation. Online platform for public assets trading to be developed Vietnam News The Ministry of Finance plans to develop an electronic trading system for public assets, deputy minister Tran Xuan Ha announced on Thursday. The system aims to ensure transparency in selling, transferring and leasing public assets, following the Law on Management and Use of Public Assets which was issued in 2017 and came into effect in January 2018. 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