Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 3

Daily Real Estate News Highlights Vietnam - 02 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. A “3 in 1” Summit experience at Vinpearl Luxury Landmark 81 VOV Opening of the most luxurious 5-star hotel in Vietnam, along with the grand opening of the highest observation deck in SEA, and the world’s 2nd most challenging vertical marathon – 3 big events will In particular, the much awaited Vin- take place on 28th April 2019 at Landmark 81 building, HCM City. In pearl Luxury Landmark 81 hotel will officially open its doors. particular, the much awaited Vinpearl Luxury Landmark 81 hotel will officially open its doors. Industrial property market set to grow Vietnam Investment Review The domestic industrial real estate market has been forecast to develop strongly and become an attractive segment for investors this country’s industrial real estate year and beyond. Nguyen Tran Nam, chairman of the Vietnam Real The market has been forecast to develop Estate Association, made the statement at the Vietnam Industrial strongly this year and in the future. Property Forum 2019 held by the Central Institute for Economic Management (CIEM), the Vietnam Real Estate Association (VNREA) Vinhomes Q1 profit reaches $116 million Vietnam Insider Real estate giant Vinhomes JSC recorded a net profit of VND2.69 trillion in the first quarter, according to its newly-released consolidated financial report. The $116 million net profit is a 33 percent fall year-on-year. The decrease was because the company (stock code: VHM) had largely completed delivery of apartments and villas to customers in its major projects. Ha Long Bay listed among 25 most beautiful places around the world Vietnam Investment Review Vietnam’s Ha Long Bay has claimed a place among the 25 most beautiful places around the world by the US’s Cable News Network (CNN). CNN announced the list on April 22 in celebration of Earth Day. Accordingly, its enduring popularity has made Ha Long Bay one of the hottest natural attractions in Southeast Asia. In addition to Ha Long Bay, the other most beautiful places were located in various countries and territories around the world, including Bwindi Impenetrable Forest (Uganda), Samburu (Kenya), Mount Toubkal (Morocco), El Nido (the Philippines), Rotorua (New Zealand), Kata Tjuta (Australia), and the Maldives. Exchange rate forecast to be stable at VNĐ23,440 per US dollar in 2019 Vietnam News According to analysts from the Fitch Group’s Fitch Solutions Macro Research, the dong will weaken slightly against the dollar to VND23,700 by the end of the year, and average VND23,440 per dollar over 2019, which represents a 1.8 per cent depreciation from the average of 2018. Analysts attributed the modest weakness expectation to three reasons. First, they said, Viet Nam’s FDI will likely remain robust over 2019, adding Fitch continued to project the Vietnamese economy to be a 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. ©2017. All rights reserved. [email protected] colliers.com/vietnam