M&A DEALS LIGHT UP PROPERTY MARKET IN FIRST HALF OF 2022
According to a Cushman & Wakefield (C&W) survey, the purchase of the Capital Place, a Grade A office building in the heart of Hanoi, by Viva Land from CapitaLand Development for 550 million USD, heated up the office M&A market.
INVESTOR PUTS APARTMENTS UP FOR SALE BEFORE SECURING LAND RIGHTS
The social housing project Lotus Garden at Phu My District (Dong Thap Province) has not been granted a construction permit by the provincial authority, yet the project was still putting apartments up for sale.
STRENGTHENING MAGNETISM OF INDUSTRIAL ZONES
Ninh Thuan will strive to become a relatively developed province in the region and the country by 2025. To create a driving force for socioeconomic development, the province will focus on drawing investment flows into industrial zones. Accordingly, the Ninh Thuan Management Board of Industrial Zones has made ongoing efforts to build an open business and investment environment.
INDUSTRIAL PARKS, ECONOMIC ZONES MAKE IMPORTANT CONTRIBUTIONS TO GDP GROWTH
Vietnam has about 335 industrial parks across the country together with 17 economic zones, which play an important role in investment attraction and State budget collection.
HCM CITY TO BUILD 107.5 MILLION SQM OF HOUSING IN NEXT 10 YEARS
The largest southern city aims to build 107.5 million square metres of housing over the next 10 years, one of the highlights of the draft housing development programme for HCM City between 2021 and 2030.
4 HURDLES FACING THE HOUSING MARKET
The housing market is witnessing huge demand and its strong growth momentum comes from rapid urbanization, driven by a so-called gold structure. Mr. Neil MacGregor, Managing Director of Savills Vietnam, said the market is still facing big nuisances such as legal procedures, land funds and investment capital, which result in a mismatch between supply and demand.
VIETNAM TO REVIEW PROMINENT FOREIGN-FUNDED PROJECTS WITH LARGE LAND USAGE
The Ministry of Planning and Investment (MPI) is mulling over an in-depth assessment of land usage of foreign-invested enterprises, particularly projects in major localities such as Hanoi, Ho Chi Minh City, Danang, Haiphong, and Khanh Hoa.
80 PERCENT OF REAL ESTATE TRADING FLOORS REOPEN
Up to 80 percent of real estate trading floors have resumed operations, along with the establishment of new ones, according to the Ministry of Construction (MoC).