According to quarterly report highlights in Ho Chi Minh City market of CBRE, accumulated supply of new launches from 1999 to the end of first nine months of 2017 reached 220,217 units and high-end segment reduced its proportion for mid-end and affordable segments.
In addition big companies such as Vingroup and Bitexco, a new generation of real estate investors has emerged and overshadowed popular names such as Vinaconex (Vietnam Construction and Im-export JSC), HUD (Housing and Urban Development Corporation) or Sudico (Song Da Urban & Industrial zone Investment and Development Joint Stock Company).
Many villas worth up to millions of dollars have been sought-after while several projects which witness prices decreased sharply have attracted little attention.
Although casino is welcomed by investors and many local officials, this industry still has to face many challenges.
After more than 10 years since the start of construction, 5 star hotel in the tallest building in Vietnam is finally open for guests.
Many enterprises have silently acquired the land fund for many years and suddenly become real estate giants as they unveil a series of projects at the same time.
The Government's inspection team will inspect the implementation of the law on construction investment projects on the Son Tra Peninsula from 2003 to 2016.
Japan's largest retailer, Aeon Mall, has officially set their foot in Haiphong with a US$180 million-shopping center project.
While some projects are accelerated to take the opportunity from the APEC Conference, many other projects are still inactive.
Most of the projects are located in the prime positions next to airports, seaports and golden lands in the south.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
Editor-in-Chief: Nguyen Cao Cuong
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