MOST CONSTRUCTION FIRMS EXPECTED TO PERFORM BETTER IN Q3
Up to 57.3 per cent of construction businesses are expected to perform better in the third quarter of 2018, according to the General Statistics Office (GSO).
HCM CITY IN PROPERTY BOOM
The HCM City housing market will continue to grow this year, especially the VND1 billion (US$44,000) condo segment, the HCM City Real Estate Association (HoREA) has predicted. Le Hoang Chau, its chairman, said the VND1 billion segment would be the most liquid while the luxury segment will be restructured in line with actual demand.
AMENDING POLICIES TO FACILITATE PROPERTY MARKET
The property market is forecast to extend its recovery, growth and stable development in 2018 although it will still face numerous challenges in supply and demand relations, access to investment land, and administrative procedures. A series of policies that are about to be issued or amended will play an important role in helping boost transparency and clear obstacles to the real estate market. This will also be a driving force for property businesses to find best solutions and adapt to the new business environment.
REAL ESTATE SEES A RISE OF M&A DEALS
The Vietnamese real estate market has seen large-scale investments over the year’s first four months, with a surge of substantial merger and acquisition deals and funding into projects.
REAL ESTATE MARKET IS ‘FRAGILE’, COULD LEAD TO ANOTHER BUBBLE, EXPERTS SAY
Land fever in Phu Quoc, Long An, Nhon Trach and HCM City, a lack of houses for low income earners, and an oversupply of high-end apartments are the main features of today’s real estate market.
BIEN HOA INDUSTRIAL PARK TO CLOSE
The People’s Committee of Dong Nai Province gave approval for Sonadezi, an industrial zone development company, to implement the project. The Bien Hoa I Industrial Zone has 80 businesses, 40 of which have a land-lease contract until 2051.
$10M IT PARK TO BE BUILT IN BÌNH ĐỊNH
The TMA Bình Định IT Park will be built at an estimated cost of US$10 million at the Quy Hòa science and education urban area in Quy Nhơn City, the central coastal province of Bình Định, chairman of TMA Solutions Nguyễn Hữu Lệ said.
HO CHI MINH CITY ASKED TO DOUBLE HOUSING OWNERSHIP PERIOD FOR FOREIGNERS
China-based real estate heavyweight E-House Holdings Limited proposed the Ho Chi Minh City People’s Committee to permit foreigners to own homes in the city for up to 100 years from the current 50.
