Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 22
Daily Real Estate News Highlights
Vietnam - 28 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.
Spectrum of opinion on credit moves
Vietnam Investment Review
A recent draft circular on safety limits for banking operations, which
applies a credit risk ratio three times higher than the current ratio, has
created controversy among real estate consultants, developers, and
buyers. Bich Ngoc reports. According to the State Bank of Vietnam
(SBV), a new legal document aims to limit loans for the high-end High-end properties are historically
the first to suffer from any major
real estate segment to ensure the sustainable development of the
jolts in market changes
market and safety of the banking sector.
SG’s Adventus sells 45% stake in unit to reduce exposure
to Vietnam project
Deal Street Asia
Singapore’s Adventus Holdings Limited has sold 45 per cent of its
stake in subsidiary ADV S3 for $1.1 million to one of the latter’s joint
venture partners for a residential project in Vietnam, it said in an Singapore’s Adventus Holdings
Limited
SGX filing on Tuesday. Adventus said that it has encountered some
difficulties in obtaining licences, permits and/or approvals for the
Vietnam project. “The proposed disposal would enable the group to
reduce its exposure in the Project and thereafter focus its resources
and time in other projects,” Adventus said.
Identity of company that bought VND 600 billion worth of share in HAGL
Fica
On May 20, HNG shares stood at VND 15,450 / share while HAG fell slightly by 0.77% to VND 5,160
/ share. Notably, Hung Thang Loi Gia Lai spent over VND 600 billion to raise ownership of HAGL
Agrico from 5.6% to 9.8% and become the second largest shareholder at HAGL Agrico behind
HAGL. HAGL group has bought 98% of Hung Thang Loi Gia Lai and turned this company into a
subsidiary since January 31, 2018.
Gamuda Land Vietnam honoured as The Worth Living Project 2019
Kinh Te Do Thi
Gamuda Land Vietnam – a top property developer from Malaysia – was recently honored with the
Certificate of The Worth Living Project 2019, co-organized by Vietnam Chamber of Commerce and
Industry and Dien Dan Doanh Nghiep magazine on May 16. Dennis Ng Teck Yow, Deputy CEO of
Gamuda Land, said: “Since our first presence in Vietnam, we have received very significant supports
from the Vietnam government. In recent years, investment policies for foreign investors in Vietnam
are very advantageous, and there are many procedures that are finished faster than when we were
in Malaysia. In addition, stable political factor and the government’s policies have generated very
good conditions for Vietnam to attract foreign investment, especially in the real estate sector.”
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