TOP FIVE FOREIGN INVESTORS IN VIETNAM’S REAL ESTATE ANNOUNCED
Singapore, the Republic of Korea, Malaysia, Japan and Hong Kong (China) are the largest foreign real estate investors in Vietnam, according to a survey recently published by CBRE Vietnam.
LAND LOT PRICES SPIKE IN HO CHI MINH CITY
A spike in price for land lots in Ho Chi Minh City’s suburban districts has been occurring since the end of 2017 due to high demand. A representative of a real estate exchange company in District 9 said the price of land lots had been rising steadily by 10 to 15 per cent since Tet (Lunar New Year), while some plots in the outskirts of Ho Chi Minh City had increased by 30 per cent.
PROPERTY MARKET EXPECTED TO BE STABLE IN 2018
The country’s real estate market in 2018 will maintain mid-term stability, while merger and acquisition in the sector will continue to see strong development. This was revealed in the Top 10 Reputable Property Developers, Building Material Companies and Contractors 2018, which was announced by Việt Nam Report and online newspaper VietnamNet on Tuesday.
PROPERTY SALES IN INDUSTRY 4.0 ERA
Applying advanced technology is not only helping real estate buyers and sellers to manage information and transactions in an easy and efficient manner, but also enhancing the sellers’ ability to connect and advertise their products. However, this is just the beginning of a long journey.
SOCIAL HOUSING PROJECTS HALTED BY CAPITAL SHORTAGE
In April 2017, the National Assembly Standing Committee granted the Việt Nam Bank for Social Policies (VBSP) VNĐ2 trillion ($88 million) to implement the housing assistance programme for those who have contributed to the revolutionary cause. However, both homeseekers and enterprises were unable to access the preferential loans.
GARMENT AND TEXTILE SECTOR EYES US$34 BILLION IN 2018
The textile and garment industry is projected to earn an export value of US$34 billion in 2018, second only to the telephone industry in the country, according to specialists.
HCM CITY PLANS INFRASTRUCTURE PROJECTS IN 2018
Relocating households living near canals, renovating old apartments and developing transport infrastructure are among major projects the HCM City aims to carry out in 2018, according to the city’s authorities.
BANGKOK AIRWAYS TO LAUNCH FIRST HANOI-CHIANG MAI DIRECT FLIGHT
On March 25, Bangkok Airways Public Company Limited (Bangkok Airways) scheduled to open the first direct flight from Hanoi to Chiang Mai as part of the airline’s business strategy to offer in-flight experiences to passengers and to meet the increasing demand for traveling to Hanoi and Chiang Mai.
