Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 8

Daily Real Estate News Highlights Vietnam - 09 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. The massive migration out of Saigon of real estate businesses Saigon News Online Numerous real estate companies in Ho Chi Minh City (Novaland, Nam Long, Phat Dat, Dat Xanh, Netland, etc.) are racing for investing in neighboring provinces and coastal cities to develop new projects. In addition, the legal review and in- According to real estate experts, the cause of this phenomenon is spection of many ongoing projects have due to the city’s policy to restrict to license new housing projects. In slowed down the progress of may real estate companies. addition, the legal review and inspection of many ongoing projects have slowed down the progress of may real estate companies. Tourism real estate faces challenges as oversupply looms VOV While observers believe that it’s the right time to pour money into resort real estate, they also warn of the hot development of the While observers believe that it’s the market segment. According to DKRA Vietnam, in Q1, two new right time to pour money into resort estate, they also warn of the hot projects were introduced, providing 188 beachfront villas, or 31 real development of the market segment. percent of the previous quarter. Central province withdraws licences for delayed projects Vietnam News Authorities in the central province of Quang Binh have withdrawn the licences of 16 delayed projects that have high percentages of land occupation. The projects occupied a total of 591,000sq.m of land. According to the local Department of Planning and Investment, the projects were found to be delayed and leaving land in a poor state during an investigation made by the local Department of Natural Resources and Environment late last year. Government ignores affordable housing: experts Vietnam News Hoang Thi Thuy Van, 48, of HCM City’s Thu Duc District, was able to buy a low-priced apartment four years ago because of a preferential credit package, but many people still cannot afford to buy a home. “I feel much more fortunate than many of my colleagues who have not been able to buy an apartment,” she told Viet Nam News. Current housing prices are too high for them, no matter how much money they save, she said. “I once thought of moving closer to the city centre in Binh Thanh or Phu Nhuan districts, but have decided to give up as the price is far beyond what I can afford,” she said. Real estate at the heart of economy Vietnam Investment Review The private sector in Vietnam has long been playing an important role in the development of the country’s economy. Peter Ryder is CEO of Indochina Capital, one of Vietnam’s leading advisory, investment and real estate development companies. Since Indochina Capital’s establishment in 1999, Ryder has spearheaded the company’s real estate activities while also playing an active 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