Vietnam’s property market with an incomplete legal framework is still nascent compared with those in other countries. Major risks surface when the legal framework improvement fails to keep pace with the rapid evolution of the market. The shortcomings in the legal system and policies related to real estate were one of the crucial factors affecting the development of the market in 2018 and perhaps the years that follow.
Bosch, a leading global supplier of technology and services, is enabling IoT and, as part of it, transforms the cities of the future into vibrant, attractive, and sustainable places for people to be. Bosch is pursuing this vision for Vietnam by pushing ahead its smart city solutions.
Property developer Phu My Hung Development Corporation launched phase two of the Peak in HCM City on Thursday.
Novaland, one of the leading property developers in Vietnam, has set the target of harvesting VND18 trillion ($782.6 million) in its turnover in 2019, up 20 per cent on-year.
The supply of office space in Phnom Penh saw a marginal 1.1 per cent quarter-on-quarter growth in the fourth quarter. This increased the total office space supply last year to 340,000sqm, according to the latest report issued by real estate agency CBRE Cambodia.
The Vietnam Bank for Social Policies (VBSP) has submitted proposals to the Prime Minister on the interest rates for preferential loans to rent and buy social housing or build, upgrade, and repair houses in 2019, with the suggested annual rate of 4.8 percent.
Construction of King Crown Village, a high-end property project, began on Wednesday in HCM City’s District 2.
The $150 million multi-purpose tower, which is a joint venture between a local company and a well-known US hotel chain, began construction on Monday and is set to open in 2022.
Best Western Premier Sonasea, the newest beach resort on Vietnam’s famed tropical island of Phu Quoc, is set to open on January 15, 2019.
CapitaLand and Ascendas-Singbridge from Singapore entered a S$11 billion ($8.13 billion) deal to create Asia’s largest diversified real estate group.