Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 25

Daily Real Estate News Highlights Vietnam - 31 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 proposes new regulations on sale of state-owned housing Vietnam News The HCM City Department of Construction has asked the city’s People’s Committee to propose new regulations on the sale of State-owned housing. The department asked the committee to submit the proposal to the central government and also requested HCM City proposes new expansion of the operations of the Housing Management and regulations on sale of state-owned Construction Inspection Centre. housing Vietnam’s Average Income Will Quadruple to $10,000 in 2030, Report Predicts Vietnam Insider Vietnam joins several other Asian nations with expected economic growth rates of around 7% for the next decade according to a recent Standard Chartered report. This week, Bloomberg reported that Vietnam’s per-capita income is expected to rise from around Vietnam’s Average Income Will Quadruple to $10,000 in 2030, US$2,500 in 2018 to US$10,400 by 2030. Report Predicts UTCC forecasts 3.8% economic growth this year VOV The University of the Thai Chamber of Commerce (UTCC) has maintained its economic growth forecast for this year at 3.8 percent. It is not yet able to evaluate the expected new government that must expedite economic stimulation in the second half of the year to build confidence for investors. Mr. Thanawat Pholwichai, Director of the UTCC’s Center for Economic and Business Forecasting, says the center continues to maintain its economic growth forecast at 3.8 percent and it has forecast that the country’s exports will grow by four percent. State audit finds ODA projects riddled with inefficiencies VnExpress Many ODA projects required millions of dollars in additional capital, were bound by disadvantageous provisions, made excessive payments to foreign contractors. A State Auditor report on 2018 submitted to the National Assembly says that 27 of 42 transportation projects that use official development assistance (ODA) have adjusted their registered capital upwards by a total of VND122.35 trillion ($5.24 billion). Foreign capital to eye new segment Dien Dan Doanh Nghiep According to Matthew Powell, Vietnam is becoming one of hot destinations of the region’s real estate market in 2019, especially when M&A transactions in industrial property segment is predicted to become very lively. At present, Vietnam real estate is attracting attention of foreign investors, including ones from Japan, South Korea, China, Hong Kong, Singapore, as well as investment funds from US and Europe. 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