Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 6

Daily Real Estate News Highlights Vietnam - 07 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. Vietnam’s Business environment improving significantly Vietnam Insider According to the report, FDI remains strong, with high technology sub-sectors such as electronics accounting for an increasing part of foreign investment. The PCI is a collaborative report by the Vietnam Chamber of Commerce and Industry (VCCI) and the US Agency for International Development (USAID). Novaland to focus on tourism Bizhub Property developer Novaland Group is studying new trends and demands in the hospitality segment to bring more value to shareholders, its general director, Bui Xuan Huy said. Speaking at the company’s annual general meeting (AGM) in HCM City recently, he said the hospitality market is developing strongly in the country and the company has been seeking to collaborate with professional consultants and operators to develop destinations for both domestic and foreign tourists. According to the report, FDI re- mains strong, with high technology sub-sectors such as electronics Property developer Novaland Group is studying new trends and demands in the hospitality segment to bring more value to sharehold- ers. Opportunities to buy cheap housing gradually far away Thoi Bao kinh Te Sai Gon In a recent meeting between property firms and HCMC government, Nguyen Van Duc, Deputy Director of Dat Lanh Real Estate, said that affordable housing segment is on the extinction route in HCMC, as the market’s supply has virtually stopped growing in recent years. Duc said that some property firms in HCMC have invested in affordable housing segment for a decade, such as Khang Gia, Nam Long, Dat Lanh, Le Thanh... “However, at present, there are not many companies who continue the duty of giving poor people a home”, said Duc. Real estate market walks in a circle: the magic trick of price increase Cung & Cau The real estate market in 2019 is witnessing a stagnation due to weak State management and price-blowing businesses. The people is getting all consequences of this issue. Due to that, it costs VND 100M/ square meter in An Suong Residence in district 12. In order to attract customers, a series of websites rush to advertise this project a modern residential area with various types of townhouses, single villas, market, parks, schools, etc. In fact, An Suong Residence is located in an overall area of 66ha urban embellishment planning which has been implemented for 10 years with stable infrastructure. About 6 months ago, the ground here sold about VND 50-60 million/ m2. 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