Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 5

Daily Real Estate News Highlights Vietnam - 06 May 2019 Top 5 - Daily Updated Real Estate News Colliers International’s Residentail Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market. Measures outlined for stable development of realty market Vietnam Plus Prime Minister Nguyen Xuan Phuc has recently issued Directive No.11/CT-TTg on several solutions to promoting stable and transparent development of the property market. Although the real estate market has recovered and got momentum since 2014, largely contributing to the country’s socio-economic development Prime Minister Nguyen Xuan Phuc and stabilising the macro-economy, the sector still sees various has recently issued Directive No.11/ potential risks, including oversupply in high-end segment, shortage CT-TTg on several solutions to pro- moting stable and transparent de- of affordable houses, high prices of properties, and incomplete and velopment of the property market. unreliable database about the market. Vingroup officially launches Vinhomes Smart City Vietnam News Vinhomes Joint Stock Company, a member of property developer Vingroup, launched the Vinhomes Smart City project in Ha Noi on Tuesday. The project is located on a 280ha area on Thăng Long Avenue, Ha Noi. The firm decided to upgrade Vincity Sportia project An overview of Vinhomes Smart City project. to Vinhomes Smart City – a dynamic smart urban area. After upgrading, the project will possess advantages in scale, utilities and smart ecosystems. Digital economy study begins VnExpress The Vietnam E-commerce Association (VECOM) and Nielsen Vietnam are partnering to carry out the countrys first-ever digital economy measurement. It will be the first holistic assessment of the digital economys size and potential to get better visibility of the components of the digital economy, including infrastructure, e-business, e-commerce and e-ads. New $460 mln expressway to run from HCMC to Cambodia border VOV A proposed $460 mln expressway will run from HCMC to the Moc Bai border gate in Tay Ninh Province. The Directorate for Roads of Vietnam has submitted a pre-feasibility study on the proposed 53.3 km long expressway to the Ministry of Transport. According to the study, construction of the highway would take place under the form of a public-private partnership. It would be done in two phases and cost around VND10.7 trillion ($459.36 million). Vietnam seeks foreign capital for renewable energy projects Vietnan Net By the end of 2018, the total capacity of renewable power projects had accounted for 2.1 percent of total electricity output in Vietnam. However, Deputy Minister of Industry and Trade Cao Quoc Hung affirmed that developing renewable energy to ease the reliance on traditional power generation methods is one of Vietnam’s priority tasks. 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