HOUSING AND GREEN BONDS ARE POTENTIAL GROWTH AREAS IN ASIA, SAYS ADB EXPERTS
Việt Nam's domestic bond market has rebounded in the first quarter of this year, marking an increase of 0.7 per cent in value of the domestic currency to US$51.4 billion after falling 5.3 per cent in the fourth quarter of 2018, according to the Asian Development Bank (ADB)’s latest issue of Asia Bond Monitor.
YEAR-END PROPERTY MARKET TREND: POSITIVE SHIFT TOWARD MORE SUSTAINABILITY
Vietnam’s real estate market will positively shift toward more sustainability from now until the end of 2019, according to real estate experts. However, tightening property credits by the banking system will make investors more cautious, resulting in more selective development.
CREATING BREAKOUT MOMENTUM FOR INDUSTRIAL PROPERTY
Vietnam’s new policies on industrial property such as industrial restructuring strategy, new legal frameworks for management of industrial zones and economic zones, have also opened many opportunities for industrial zone development across the country, thus facilitating businesses and investors to invest in this market.
HCM CITY: 46.8 PERCENT OF FDI GOES TO PROPERTY SECTOR
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 APPOINTS COTECCONS AS THE MAIN CONTRACTOR FOR THE MARQ
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.
CBRE VIETNAM PROVIDES ONE-STOP ASSET MANAGEMENT SERVICE EXCLUSIVE FOR ALPHA HILL TOWER
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 ANNOUNCES SMART CITY PROJECT
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.
LIKELY PROPERTY MEGATRENDS IN 2019
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?
