Indochina Kajima breaks ground on Grade A office building in Hanoi’s emerging hub
Parc Hanoi marks Indochina Kajima's first office-for-lease project in its $1 billion investment plan in Vietnam.
The micro apartments sized 20 square meters would not be allowed to be constructed in Ho Chi Minh City anymore.
According to a documen in response to the Ministry of Construction on September 11, Ho Chi Minh City’s People Committee does not agree to license the projects on constructing and developing micro apartments sized under 45 square meters.
The document stated that the minimum area of social and commercial apartments are 30 square meters and 45 square meters respectively.
The requirement was made as Ho Chi Minh City has the large population and the fastest urbanization and population growth rates in Vietnam. Building under 45 square meter apartments would lead to detrimental impacts such as increasing the population size, putting the technical and social infrastructure under pressure and destroying the transportation planning.
Parc Hanoi marks Indochina Kajima's first office-for-lease project in its $1 billion investment plan in Vietnam.
While the average price of apartments in Hanoi has reached new heights, with supply primarily concentrated in the premium and luxury segments, there are still no signs of a price slowdown.
The supply of luxury apartments in central Hanoi is becoming increasingly scarce, pushing starting prices to new highs.
Vietnam's hospitality industry is undergoing a major transformation with a brand repositioning strategy that emphasizes unique, sustainable, and community-focused experiences.
High demand and limited supply drive transactions in major urban areas despite soaring costs.
Despite the real estate market's lackluster performance, several companies are accelerating land acquisition efforts.