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Property developers crying foul of delays in project licencing

Property developers crying foul of delays in project licencing

Hundreds of real estate projects in Ho Chi Minh City have been delayed by cumbersome administrative procedures and the authorities’ temporary halt on project approval. More than 100 real estate developers have met Ho Chi Minh City authorities to complain about slow licencing process. In a recent meeting with municipal Communist Party Committee, Quoc Cuong […]

Smart townships gaining popularity in Vietnam

Smart townships gaining popularity in Vietnam

Smart homes and smart townships are becoming the new norm of modern cities in Vietnam, with more and more property developers are promptly integrating high techs into their projects and products, to cater to the rising demand of the smart populations. According to property and investment management services firm JLL, Ho Chi Minh City and […]

Ho Chi Minh City real estate market spirals downward

Ho Chi Minh City real estate market spirals downward

The number of real estate transactions in HCMC has fallen 49 percent year-on-year in the first three months of 2019. Transaction volumes in all segments – affordable, mid-range and high-end housing – have fallen. Absorption rate in this market also fell 8 percent compared to last quarter, Savills said. The HCMC real estate market had […]

HCMC’s five-month foreign investment surges 49 percent

HCMC’s five-month foreign investment surges 49 percent

Ho Chi Minh City has attracted $2.77 billion in foreign direct investment from January until May, up 49 percent year-on-year. This figure includes newly registered projects and acquisition of stakes in local businesses. Among new projects, real estate attracted the most investment with $472 million, accounting for 46.7 percent, followed by science and technology at […]

Vietnam sees robust growth in Airbnb services

Vietnam sees robust growth in Airbnb services

Airbnb and other accommodation-sharing services are booming in Vietnam and many homeowners are cashing in on them. There were 40,000 active Airbnb listings in Vietnam as of January this year compared to only 1,000 in 2015, according to the Homesharing Vietnam – Insights Report released by Outbox Consulting, a tourism development consulting firm. There has […]

Saigon apartment prices jump as licenses dry up

Saigon apartment prices jump as licenses dry up

Condominium prices in Ho Chi Minh City rose by 10 percent a year between 2014 and 2018, Savills estimates. A recent report by the real estate market research firm said in the period the number of transactions increased by 44 percent a year, peaking in 2018 with over 49,000. At the end of the period […]

TOP 10 FLEX SPACE MARKETS IN APA

TOP 10 FLEX SPACE MARKETS IN APA

Flexible space continues to proliferate across Asia Pacific, reaching a total footprint of 54 million sq. ft. as of March 2019, accounting for more than 3% of total office stock. Shanghai still possesses the largest volume of flexible office space but Indian and Southeast Asian markets are recording the fastest growth. As flexible space operators […]

Hanoi office rental yield highest globally

Hanoi office rental yield highest globally

Hanoi offered the highest grade A office rental yield in the world last year — 8.57 percent, a Savills report said. This was the third straight year the Vietnamese capital ranked top, according to the British property consultancy, which used data from the second half of 2018.   Hanoi recorded a 3 percent year-on-year increase […]

HCM Metro Ben Thanh – Suoi Tien ready next year

HCM Metro Ben Thanh – Suoi Tien ready next year

HCM Metro Ben Thanh – Suoi Tien ready next year Construction of HCM City’s first metro line from Bến Thành market in District 1 to Suối Tiên Tourist Park in district 9 is expected to be completed by the end of 2020, leaders of the city People’s Committee said after visiting the construction site on […]

List of 20 most expensive Southeast Asian cities Hanoi, HCMC among

List of 20 most expensive Southeast Asian cities Hanoi, HCMC among

Hanoi, HCMC among 20 most expensive cities in Southeast Asia A new index puts Hanoi 13th and HCMC 15th on the list of 20 most expensive Southeast Asian cities. The new Cost of Living Index for the region has been compiled by Numbeo.com, the world’s largest database of user contributed data about cities and countries […]