Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 20

Daily Real Estate News Highlights Vietnam - 24 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 has great potential in resort market development Vietnam Investment Review Vietnam has great potential to develop the resort market this year end and beyond due to increasing demand and high economic growth. Experts made the statement at a seminar on new trends and real estate investment opportunities in the second half of this year held Perspective of a condotel project in in Hanoi on Wednesday by the CafeLand, a website specialising in Phu Quoc Island, Kien Giang Prov- information relating to the property market. ince is offered on the market. Tech park awaits new rental prices Bizhub Dozens of businesses that want to invest in Saigon High-Tech Park (SHTP) in District 9 have not received approval because the city has yet to announce new land rental prices for public land. According to the Land Law, the government sets a new price frame for public lands every five years. The public land rental price in HCM City, A view of the Saigon Hi-Tech Park in HCM City. Investment including land in SHTP, expired in April last year. However, the city projects for empty slots at the authority has yet to announce new rental prices. hi-tech park are being stalled as authorities wait to approve new Metro Line No 1 subsidiary projects have yet to start rental price policies. Vietnam News The Metro Line No. 1 project linking Ben Thanh Market in District 1 to Suoi Tien Tourism Park in District 9 is expected to be completed in 2020, but plans for ancillary infrastructure have yet to be finalised. The finished metro line project will require ancillary infrastructure for accessibility such as intermodal transportation connecting stations to nearby areas and parking lots for transit vehicles. However, there are no specific plans for the land to be used for such work, according to the HCM City Management Authority for Urban Railways. Vietnam seeks investment in North-South Expressway VnExpress Vietnam is soliciting domestic and foreign investment in eight components of the North-South Expressway as it seeks to improve infrastructure for its robust economy. Deputy Minister of Transport Nguyen Nhat said at a forum Friday that the public-private partnership (PPP) model would be adopted for them and global accounting companies Deloitte and Ernst & Young would help review the financial structure of the projects and prepare bid invitations and contracts.. $7 billion apartment complex proposed for Quang Ninh VnExpress Relevant ministries have been asked to review a Vingroup proposal to build a $7 billion residential apartment complex in northern Quang Ninh Province. The review instruction has been issued by Deputy Prime Minister Trinh Dinh Dung. The VND165 trillion ($7 billion) Ha Long Green project in the northern province that is home to world famous natural attraction Ha Long Bay, would cover an area of nearly 3,200 hectares. 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