Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 21

Daily Real Estate News Highlights Vietnam - 27 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. Thailand’s economy sees slowest growth in four years Vietnam Plus Thailand’s economy saw a slower growth than expected in the first quarter of 2019, reaching the lowest level in the last four years. Local media cited a report showing that the second largest economy in Southeast Asia grew by just 2.8 percent, lower than the 3 percent A view of Bangkok, the capital city forecasted by the news agency Reuters. of Thailand. Vung Tau master scheme adjusted Vietnam Investment Review PM Nguyen Xuan Phuc has recently approved adjustments to Vung Tau city by 2035. By 2025, the city will have a population of 500,000- 520,000. By 2035, the city’s population will touch 620,000- 650,000.The city will have two centers in Go Lang and Long Son; key functional sections including industry-urban area-tourism; A Chau, Bau Sen, Bau Trung, Rach Ba, Cua Lap water surface system; mangrove ecosystem, Big Mountain, Small Mountain, and Nua Vung Tau master scheme adjusted Mountain. Officials criticize capital adjustments to State-financed projects VOV An array of State–funded projects have had their investment capital adjusted by two to three times against the initial projections, with some even seeing investment capital leap by up to 39 times. Finance Minister Dinh Tien Dung, who was authorized by the Government to deliver the State budget settlement report for 2017 to the National Assembly (NA), said at the ongoing seventh NA session on May 20 that the total balance of revenue had reached VND1,683,045 billion (US$72.37 billion). In particular, the total State budget expenditure was recorded at VND1,681,414 billion (US$72.30 billion), including the budget transferred from 2017 to 2018. The State budget deficit was recorded at VND136.963 trillion (US$5.88 billion), equal to 2.74 per cent of GDP. Saigon among top 50 cities in the world for coworking growth VnExpress A recent report ranks Ho Chi Minh City 41st among world’s 50 fastest growing coworking markets in the world. Every 47.5 days, a new coworking space opens in Vietnam’s southern metropolis, according to the 2019 Global Coworking Growth Study recently published by CoworkingResources, a global information hub for modern workspaces.The report is based on research that tracked all coworking space openings for 10 months, from June 2018 to April 2019. It ranks major cities around the world based on the number of days between new space openings. 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