INDUSTRIAL PARK OCCUPANCY RATE REACHES 73%
The occupancy rate at operational industrial parks (IPs) nationwide has hit 73 per cent, according to the Economic Zone Management Department under the Ministry of Planning and Investment.
MID-END APARTMENT SUPPLY PLENTIFUL
The real estate market will see an abundant supply of mid-end apartments toward the end of the year, according to the Vietnam National Real Estate Association. A number of renowned investors, such as Vingroup and Eurowindow, will launch a large number of mid-end apartments, which are of high demand.
VN PROPERTY MARKET LOOKS TO UP TRANSPARENCY
The Vietnamese property market must improve market information transparency to attract investment and develop sustainability, experts said. Although there are currently many sources for market information--real estate associations, property services firms such Savills, CBRE, JLL and Cushman Wakefield as well as the Ministry of Construction--the information is rarely consistent among market research firms.
HCMC TO BUILD APARTMENTS WITH PRICE AT VND300M
Authorities of HCM City plan to build apartments with prices at under VND1 billion (US$43,898) per unit for employees located in the city.
PROPERTY INVENTORIES FALL, WORRIES STILL LOOM
The total value of real estate inventories in the country decreased sharply to about VND27,894 billion by the end of May 2017, according to the statistics of the Bureau of Housing and Real Estate Market Management under the Ministry of Construction. Although inventories tend to go down, forecasted rising supply is fuelling up market concerns.
CITY PROPERTY MARKET TO CHANGE
HCM City’s real estate market in the 2017-20 period will see major changes as supply and demand will gradually adjust, stabilising and strengthening the market, according to the city’s Real Estate Association.
CBRE WINS BIG AT ASIA PACIFIC PROPERTY AWARDS
CBRE Vietnam was honoured with three first prizes in important categories at the Asia Pacific Property Awards 2017. The company won “Best Real Estate Agency in Vietnam,” “Best Lettings Agency in Vietnam” and the “Property Consultancy Award” at the ceremony that took place in Bangkok earlier this month.
REAL ESTATE NUDGES UP IN MAY
Real estate sales in May rose slightly month-on-month, compared with the first quarter this year, according to the Ministry of Construction’s Management Agency for Housing and Real Estate Market.
