NEW DEAL PROMISES GREEN SOLUTIONS FOR HCM CITY
A memorandum of understanding on green development cooperation for 2021-2025 was signed between the Urban Environment Limited Company (CITENCO) and the Finance and Investment State-owned Company (HFIC) from Ho Chi Minh City on February 23.
VIGLACERA'S $124 MILLION INDUSTRIAL PARK IN BAC NINH APPROVED
Thuan Thanh I Industrial Park will be built in Bac Ninh province with a total investment of $123.8 million with Viglacera Corporation as the main investor.
SPOTTING REAL ESTATE PICTURE IN 2021
The economic resilience and recovery in a lackluster year caused by the COVID-19 pandemic is an important factor for the real estate picture to get bright and resilient. This is the premise to draw cash flows into the real estate market in 2021.
INDUSTRIAL ZONES IN HAIPHONG TO ATTRACT $5 BILLION IN FDI IN 2021
In order to support these IZs' investors realise the above target to attract $5 billion in FDI capital, Le Van Thanh, Secretary of Haiphong Party Committee asked Haiphong Economic Zones (EZ) Management Authority, and relevant authorities to promote administrative reform to deal with difficulties facing IZs, as well as review their compliance.
DONG NAI LOOKS FOR INVESTOR FOR 300-HECTARE INDUSTRIAL PARK
The industrial park (IP) is one of three IPs approved by the prime minister. The two others are the 300-hectare Gia Kiem and the 190ha Phuoc Binh IP. At present, the provincial Department of Planning and Investment is completing dossiers to call for investment in infrastructure development for the three projects. Cam My IP has yet to complete site clearance.
FIVE TRENDS IDENTIFIED FOR REAL ESTATE MARKET IN 2021
Businesses’ shift to “green” and sustainable activities will be the fourth trend leading the property market in 2021, JLL noted, adding that buildings with high ESG (environmental, social, and governance) ratings may see their rentals rise by up to 33 percent compared to those without similar “green” certification.
GRADE A APARTMENTS ABANDONED DURING PANDEMIC
Most apartment building projects of developers like Tan Hoang Minh Group, Sunshine Group, Sun Group, and Hateco Group, located in Ba Dinh, Tay Ho, and other districts reported poor take-up rates during the year of the pandemic.
INDUSTRIAL REAL ESTATE IS BRIGHT SPOT IN 2020 MARKET
In 2020, the average occupancy rate in industrial zones was up more than 70 per cent year-on-year. The average factory rental price nationwide was VNĐ60-80,000 per sq.m and the purchase price of land in industrial zones with infrastructure ranged from VNĐ3 to 5 million per sq.m, according to Nguyễn Văn Đính, Vice President cum General Secretary of the Việt Nam Real Estate Brokerage Association.
