Domestic and foreign capital flow is expected to bolster real estate shares after the COVID-19 pandemic as many investors are paying attention to the industry.
This month Masan MEATLife, a subsidiary of Masan Group, commissioned the VNĐ1.8 trillion (US$77.6 million) MEATDeli Saigon Meat Processing Complex in Long An Province.
Deputy Prime Minister Truong Hoa Binh’s consent to establish an eastern city of Ho Chi Minh City has stirred up the real estate market there, especially the apartment market. This has brought many great opportunities for developers, secondary investors and end buyers in the coming years.
The market witnessed a negative net absorption in the first nine months of 2020. Some 31% of major transactions collected and closed by CBRE were for contraction purposes, which is expected to continue becoming a trend until the end of this year.
HONGKONG LAND’S LUXURY CONDOMINIUM PROJECT SHINING WITH THREE 5-STAR AWARDS AT ASIA PACIFIC PROPERTY AWARDS 2020
Among the winners at the Asia-Pacific Property Awards 2020, The Marq is probably the project in Vietnam that is honoured in the most categories, including three prestigious 5-star awards.
In HCM City, in the past two years, there have been no new projects completed. Apartment prices have been increasing sharply at an average of 5-7 per cent, even 10 per cent in some areas. In essence, investors will pour money into a market with good profitability and low prices.
Deputy Prime Minister Trinh Dinh Dung has signed a Decision on establishment of Quang Yen Coastal Economic Zone in the Northern province of Quang Ninh.
Located in the heart of the Thu Thiem new urban area – on Crescent Boulevard, Primary Ring Road – The River is a gated condominium development comprising three residential towers offering a total of 525 luxury apartments. Nestled on the Saigon River, this project boasts 100-meters of water frontage and sits adjacent to four hectares of lush riverside landscaped public park.