Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 24

Daily Real Estate News Highlights Vietnam - 30 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. HCM City solicits investment in transport infrastructure Vietnam News HCM City requires huge investment in infrastructure, and authorities have solicited investment of more than US$40 billion in the five-year period until 2020. Nguyen Thanh Phong, chairman of the city People’s Committee, said challenges like traffic problems and HCM City’s metro line No 1 is being built flooding have been acting as road blocks to economic development between Ben Thanh Market in District 1 and Suoi Tien Tourist Park in District 9 and competitiveness. Vinhomes Ocean Park wins 2019 APPA award Vietnam Plus Vingroup’s Vinhomes Ocean Park has won in the mixed-use architecture category at the 2019 Asia Pacific Property Awards. In Bangkok recently, it sailed through several rigorous rounds of international jury reviews to be chosen the best in the country. It has An artist’s image of Vinhomes Ocean schools, hospitals, shopping malls, shops, and a series of facilities Park in Ha Noi’s Gia Lam District seen for the first time in Viet Nam. Vietnam prepares to prop up currency, ready to sell greenback VOV Vietnam’s central bank has said it is ready to sell dollars to shore up the dong if needed. Pham Thanh Ha, head of the State Bank of Vietnam’s monetary policy department, said: “The dong has weakened in recent days because of concerns over new developments in the U.S.-China trade negotiations”. The dong has weakened 0.9 percent this year and has fallen nearly 2.8 percent from a year earlier, according to provider of financial markets data and infrastructure Refinitiv Eikon. Casino operator Suncity to open resort in VN, plans growth outside Macau Deal Street Asia Macau’s biggest junket operator will open its own resort in Vietnam by year’s end, seeking growth elsewhere in Asia as an exodus of big-spending VIPs from the world’s gaming epicenter shows no sign of abating. Suncity Group, a middleman lender for Chinese high rollers, is moving into casino operations with a $4 billion Vietnam project and is eyeing the Philippines, Cambodia and Japan for its next investment. Last chance to own Cat Linh shophouse Thoi Bao Kinh Te Saigon Alongside with rapid site-clearance progress of Long Thanh International Airport project, since early 2019 to date, investment has flowed strongly to Long Thanh real estate market to grasp opportunities. Property giants like Nam Long Group, Novaland, Keppel Land, Hung Thinh, Kim Oanh… have been preparing projects covering hundreds of hectares in the area. Therefore, property businesses forecasted that Long Thanh real estate market will continue to see new attractive waves of investment. 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