Despite attracting investors and operators by the droves from across the nation and the globe, the hospitality and second-home segments remain embattled and outmoded. Developers have to create new experiences if they want to be more competitive.
While housing prices are now beyond the reach of medium- and low-income earners, the low-cost housing segment has become smaller to the point of almost disappearing from the property market.
Danang envisions transforming itself into a smart city in three stages with the total cost of about VND2.1 trillion ($91.3 million).
The national carrier Vietnam Airlines (UPCoM: HVN) has gained approval of the Ho Chi Minh Stock Exchange (HoSE) to list its 1.4 billion shares on the southern bourse.
Vietnam is considered one of Asia’s most vibrant property markets and a long-term strategic area for Savills. VIR’s Quynh Chau talked with Mark Ridley, newly-appointed Group CEO for Savills, on his assessment of the Vietnamese real estate market and its role in Savills’ development strategy.
The Hanoi apartment market was strong in Q1 with the number of transactions rising by 65 percent against Q4 2018, according to JLL.
The Ho Chi Minh Stock Exchange has given approval to the country’s biggest carrier, Vietnam Airlines, to list its shares.
Indochina Kajima Development (UK) Limited (ICC-Kajima), together with contractor Newtecons Investment Construction JSC (Newtecons) has started the main package of the first Wínk Hotel at 75 Nguyen Binh Khiem street of Ho Chi Minh City.
Saigon Telecommunication and Technologies Corporation (SaigonTel), a HCMC-based telecom service provider, has announced that it will boost investment in the real estate sector, including in an upcoming luxury residential project in HCMC’s District 4.