Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 23

Daily Real Estate News Highlights Vietnam - 29 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. Chan May-Lang Co economic zone attracts 21 tourism projects VOV The Chan May-Lang Co economic zone in the central province of Thua Thien Hue has drawn 21 investment projects in the field of tourism with total capital exceeding VND67 trillion until May. In May alone, the economic zone has been able to lure eight investment Laguna Lang Co resort complex projects including four foreign-invested projects totally capitalized at over US$60 million. Expressway to link Hanoi with popular travel destination Moc Chau Vietnam Investment Review The government has approved the construction of an expressway between the northern province of Hoa Binh and tourism hotspot Moc Chau. The highway, to cost VND22 trillion ($941 million), will allow The Hoa Binh - Moc Chau expressway will connect with direct travel from Hanoi to Moc Chau in northern Son La Province. the existing Hoa Lac (Hanoi) - Construction by a public-private partnership (PPP) is set to begin Hoa Binh expressway this year and finish by 2024. Real Estate Companies Rush to Mobilize Capitals under Tight Credit Conditions Bizlive In some recent years, the government through SBV has restrained credit into real estate. The rate of medium term and long term capitals for real estate will be less than 40%. The risk of lending for real estate will be increased from 150% to 200%. Cenland Board of Management has just approved the share issuing to mobilize more capital to add to charter capital and develop projects. Vietnamese vacation rental startup Luxstay bags $4.5m from Korean investors Deal Street Asia South Korean retail firm GS Shop and early-stage venture capital firm Bon Angels have participated in a $4.5- million bridge funding for Vietnamese accommodations startup Luxstay, according to a press statement. Prior to this investment, Luxstay had raised a total of around $6 million from CyberAgent Ventures, Genesia Ventures, Nextrans and two Vietnamese VC firms, ESP Capital and Founders Capital. Vietnam among top 3 ASEAN destinations for private equity investment Vietnam Net Vietnam is among top three ASEAN countries attracting Private Equity (PE) investment in term of deal value, according to a report just released by the auditing and business consulting firm Grant Thornton. The report noted that the Vietnamese market saw 38 PE transactions in 2018 with total value of more than 1.6 billion USD, only after Singapore and Indonesia. The figures showed a 41 percent increase in number of transactions and a nearly three-fold rise in value compared to 2017. 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