Despite the national and global economic downturn fuelled by the ongoing health emergency, Phnom Penh’s condominium projects remain on track to finish on schedule, according to real estate agency CBRE Cambodia.
Cutting costs and restructuring products are what many real estate firms are doing to deal with difficulties caused by COVID-19.
The Ha Noi retail property market faced a lot of difficulties in the first quarter this year due to the impact of the novel coronavirus (COVID-19) pandemic, according to Jones Lang Lasalle Vietnam Co Ltd (JLL).
Slew of real estate projects in Ho Chi Minh City carry expensive value tag as applied to properties in hi-end segment, meanwhile truly premier condo projects in terms of design, utilities, service grade, and position, are scarce.
BIDV will organise an auction to put on sale the VND4 trillion ($173.9 million) debt of Tai Nguyen Trading Manufacturing Construction Co., Ltd. at the Kenton Node hotel complex project, a billion-dollar urban area project in the south of Ho Chi Minh City.
The domestic real estate market in the first quarter had the lowest transaction volume in the past four years due to the impact of the COVID-19 pandemic, Viet Nam Association of Real Estate Brokers (VARS) said.
The price of apartments for sale in Ho Chi Minh City in the first quarter of 2020 dropped by 15 per cent compared to the last quarter of 2019, according to Jones Lang LaSalle (JLL) Vietnam.
Q1 apartment sales in HCMC dropped by over 50 percent year-on-year as the novel coronavirus pandemic dampened the market.
Sunshine Venicia, a super-luxury condo project in District 2 of Sunshine Group – one of Vietnam’s leading real estate developers – will be rolled out to the market in April. As the group’s most premier development in Ho Chi Minh City, Sunshine Venicia features a complimentary design that gives 100 per cent of the apartments 6 to 12 light-receiving surfaces.
Real estate developer Novaland has received the second disbursement from a $250 million syndicated secured term loan.