REAL ESTATE M&A ATTRACTIVE TO INVESTORS
The company further said mergers and acquisitions (M & A) in real estate is a bright spot in the market. The shortage of high-tech assets, modern warehouses and strong demand from businesses are promoting the potential of domestic industrial realty market.
OFFICIAL CHANNEL TO FEED REAL ESTATE MARKET WITH SUPPLY INFO
An official channel that will provide Viet Nam’s real estate businesses with information such as the number of licensed projects and projects awaiting licenses in a given area is being developed by the Department of Properties and Real Estate Management under the Ministry of Construction and the Vietnam National Real Estate Association (VNREA).
INDUSTRIAL PRODUCTION GAINS STABLE GROWTH IN SEVEN MONTHS
Industries achieving high production growth in the reviewed period included coke coal and refined mining products (48 per cent), metal (40 per cent), ore exploitation (17 per cent), rubber and plastic production (16 per cent) and motor vehicles (12 per cent).
ESTATE MARKET EXPECTED POSITIVE GROWTH IN YEAR-END MONTHS
At a seminar in HCM City earlier this week, Châu said it was not a rosy picture in the property market. Since March 7, 2017, when the Prime Minister requested the projects using State-owned land to be reviewed, the market has faced considerable challenges and difficulties.
HCM CITY: OFFICE MARKET CONTINUES STABLE GROWTH
Rental prices of the two grades rose due to the limited supply. The average price of Grade A in the second quarter was 46.7 USD/m2/month, up 0.9 percent against the previous quarter and 2.9 percent over the same period last year. Meanwhile, the monthly price of Grade B was 23.5 USD/m2, an increase of 0.3 percent compared with the previous quarter and 4.7 percent year-on-year.
FOREIGN INVESTORS CONTINUE TO POUR MONEY INTO DONG NAI
The southern province of Dong Nai lured more than US$1.14 billion in foreign direct investment (FDI) in the first seven months of this year, easily surpassing its target for the entire year, according to the provincial Department of Planning and Investment.
‘BOOST’ NEEDED IN LAND POLICIES
Vietnam has a golden population structure; the agricultural GDP expanded by 2.95% a year in 2011-2018; and agricultural production has strongly shifted to products of international competitiveness, higher quality and higher productivity. Per capita income in rural areas increased by 3.5 times and the income gap between urban and rural areas narrowed from 2.1 times in 2008 to 1.8 times in 2017. In three years, agribusiness companies tripled.
INDUSTRIAL LAND LEASING COSTS RISE IN SOUTHERN VIETNAM
The average land leasing costs in the second quarter of this year at industrial zones in HCMC and the provinces of Binh Duong, Dong Nai, Long An and Ba Ria-Vung Tau climbed to $95 per square meter, said real estate firm Jones Lang LaSalle Vietnam (JLL) in its report on Vietnam’s property market for Q2, 2019.
