A recent Ministry of Finance ruling is set to send ripples across Real Estate businesses, especially those with extensive asset portfolios. The International Financial Reporting Standards (IFRS) adoption roadmap commits to improved transparency and brings financial reporting in Vietnam closer to global standards.
From 2020 onwards, foreign developers including Sumitomo, CapitaLand and Mitsubishi Corporation will enter, expected to contribute to a new modern city in the future.
Disruptive technology is changing the face of the global hospitality sector and it is definitely transforming Vietnam’s budget hotel industry in one way or another. To see how it is happening right now, Troy Griffiths, deputy managing director at Savills Vietnam, will give an insight into how tech has been driving the budget hospitality and opening up opportunities for the tourism industry as a whole here.
The residential sector is at the apex of Ho Chi Minh City’s growth, driven by a need for better housing, a growing middle class and an increasing number of overseas buyers.
Savills Vietnam has launched its new Korean desk to assist a wide range of Korean enterprises across its full range of real estate services in Vietnam, appointing Hyojin Kim as head of Korean desk in Hanoi.
Savills Vietnam has been named the lead leasing and marketing agent for Capital Place – a property developed by CapitaLand and Mitsubishi Estate.
Savills Vietnam has been officially appointed the property manager of Leadvisors Tower, a Japanese grade A office building developed by LeadvisorSanei Hospitality Holdings.
While the world city luxury home price growth slows, Vietnam luxury residential sector remains attractive to international buyers, Savills Vietnam’s latest spotlight reveals.
At the luxury end of Vietnam market is tremendous upside and opportunity for long term investment, with buyers set to benefit from potential capital appreciation as Vietnam continues its remarkable growth story, according to Managing Director of Savills Vietnam Neil MacGregor.
Hospitality real estate which has been an attractive sector for investors is expected to continue growing this year partly due to boosts from global megatrends.
