The Viet Nam’s most prestigious and respected property developers will be honoured at an exclusive gala dinner and awards presentation ceremony in HCM City this evening.
Friendship Tower, the latest Grade A office building in Ho Chi Minh City’s centre area, has just been just topped out recently, keeping up with the deadline to handover in the first quarter of 2020.
Hundreds of real estate projects in Ho Chi Minh City have been suspended over the last two years, with many reasons being flouted for delays. The city’s People’s Committee has since been making efforts to break the cycle of stagnation in an attempt to generate a steady supply of condominium ventures into the market.
The HCMC Real Estate Association (HoREA) has written to the HCMC government proposing various housing development models to meet the rising demand for houses in the city, where the population continues to surge by one million every five years.
The Ministry of Construction’s latest draft regulations on apartment building management and use stipulates that there should be three to five co-holders of the apartment maintenance fund.
Investors are looking for industrial and logistics assets through joint ventures with local industrial developers and/or acquisition of land and operating real estate, Jones LaSalle Vietnam Co Ltd (JLL Vietnam) said in a statement.
In three years, from 2016 to 2018, Vietnam’s hotel rooms rose by a staggering 130,000 rooms. As more investment has been pumped continuously into the industry, a risk of glut is looming ominously.
People spent 60 percent more renting an office in Ho Chi Minh City than they did in Hanoi in the first half of 2019 as supply fell short of catching up with high demand for office space in Vietnam’s largest city.
Local demand for real estate products with long-term ownership exceeds supply as most of Vietnamese people prefer this kind of deal, experts said during a conference on Friday.