Doan Quoc Huy, Vice Chairman of BIM Group, shared the challenges and opportunities for luxury resort investment in Phu Quoc Island that is considered as a resort paradise.
The Hanoi Department of Construction has just announced a list of 191 real estate projects completed in the future that are qualified for business purposes as regulated.
Ha Noi People’s Committee sent its request in writing to the ministries for views on the planning of Hanoi railway station area. Accordingly, Ha Noi railway station are will be planned for construction of financial centers, urban resorts ... with buildings having from 40 to 70 stories.
Sun Group will invest in a high-end tourism complex, which can operate a casino, at Van Don with a total area of 2,500 hectares and the total investment of over US$2 billion, of which about US$312.5 million comes from the investors.
Micro apartments sized 25 to 45 square meters have been proposed to be built on the margins and suburbs of Ho Chi Minh City.
A member of the CEO Group, Van Don Tourism Investment and Development Joint Stock Company, has proposed the idea of planning the Sonasea Dragon Bay tourism complex in Van Don District to Quang Ninh People's Committee.
The micro apartments sized 20 square meters would not be allowed to be constructed in Ho Chi Minh City anymore.
According to the draft Law on Special Economic Administrative Units, the regulation which may allow foreigners to own houses for maximum 99 years can increase the price of real estate and also pose hidden other negative impacts.
"This officetel model has not been licensed and greatly affected the construction infrastructure as well as social infrastructure of the projects in Ho Chi Minh City in particular and the whole country in general."
Quoc Loc Phat Joint Stock Company was selected as the investor of Song Viet complex with the total investment of VND7,300 billion (equivalent to US$321,7 million) and area of 75,965 square.
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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