According to the municipal Department of Planning and Investment, the British Virgin Islands was the largest investor by pouring 71.59 million USD into the sector, accounting for 43.5 percent of realty investment. The Republic of Korea came second with 19.5 percent, followed by Japan (10 percent), Singapore (5.7 percent) and China’s Hong Kong (3.4 percent).
Hongkong Land announced the appointment of Coteccons as the main contractor for its latest luxury residential development, The Marq. “The Marq continues to represent our trademark quality being implemented in the Vietnamese property market,” said Robert Wong, chief executive of Hongkong Land.
Alpha King and CBRE Vietnam on May 10 signed a contract under which the latter will provide one-stop asset management services exclusively tailored for phase two of Alpha Hill Tower B, one of Alpha King Real Estate JSC’s establishment located in District 1, Ho Chi Minh City.
Danang envisions transforming itself into a smart city in three stages with the total cost of about VND2.1 trillion ($91.3 million). Recently, the Danang People's Committee held a conference to announce the project of building a smart city in Danang in front about 200 experts, equipment suppliers, co-operation partners, and foreign partners.
Vietnam’s real estate still grew within an acceptable level in 2018, according to industry insiders. Nearly 50% of property businesses believed that the real estate market fared slightly better than in 2017. So, how will the market perform in 2019?
Lennar is one of the biggest real estate developers in the US. Interhome and Lennar will organise a seminar with the theme “Sharing new views on the US real estate market” on March 23, 2019 in Ho Chi Minh City. This seminar will share information on high-quality property projects, as well as investment opportunities of owning and doing business in US-based properties.
This was highlighted in the association’s document recently submitted to the Government about its recommendations for completing social housing policies as Vietnam was developing a project on the 2021-30 comprehensive social housing policy in Vietnam.
The real estate market experienced a volatile year. The market was quite quiet in the second half of 2018; however, the overall picture of the 2018 market has many investors optimistic for 2019. According to experts, the market will likely encounter hardships in land fund, capital and administrative procedures, but investors will still find ample opportunities.