Saigontourist plans five-star hotel in Danang
ProjectsSaigontourist Group has said it will build a five-star hotel in Danang City soon. This is one of a number of hotel projects that the nation’s leading hotel and travel firm will be developing outside HCMC.
Land prices in Ho Chi Minh City seen stable in 2020-2024
MarketLand prices in Ho Chi Minh City in the 2020-2024 period will be kept stable, with the highest price listed at VND162 million per square meter and the lowest, VND1.5 million, helping stabilize market prices.
Residential remains the most active sector in terms of investment inquiries
MarketApartment prices surged in Saigon last year as new supply plunged to its lowest in four years largely due to limited supply caused by ongoing restrictions to approval procedures.
Credit quality of real estate sector continues to be controlled
PolicyMr. Nguyen Hoang Minh, Deputy Director of the State Bank of Vietnam-Ho Chi Minh City Branch (SBV-HCMC Branch), reported that the city’s banking industry’s capital mobilization nearly reached VND2.5 quadrillion last year.
Easing legal conditions to boost supply in Vietnam’s condominium market
MarketThe outlook is decidedly bullish for Vietnam’s residential market in the long term.
Vietnam office market to enter a new year of uncertainty
MarketPrime office rent across Ho Chi Minh City in Q4 2019 experienced a decade peak amid rising demand and limited supply while new launch drives up the total supply of Hanoi Grade B segment to 1.8 million square meters.
Binh Chanh demolishes illegal resort project
PolicyThe government of Tan Quy Tay Commune and the relevant agencies of Binh Chanh District in HCMC on January 7 started undoing construction work on the illegal Gia Trang Tram Chim Resort project, per Thanh Nien newspaper.
Gov’t inspectors to announce boundaries of Thu Thiem urban project before Tet
PolicyThe Government Inspectorate will announce the revised zoning boundaries of five adjacent quarters affected by the controversial Thu Thiem New Urban Area project in District 2, HCMC, ahead of the upcoming Lunar New Year.
Ho Chi Minh City considers fifth metro line project
PolicyThe transport authority of HCMC has proposed the use of ODA loans to develop the first phase of the city’s fifth metro line. Meanwhile, the first and second metro line projects are still facing delays.
Ho Chi Minh City to axe encroaching ventures
PolicyA number of projects located on the bank of the Saigon River in the second city could face the axe from next month after an inspection by Ho Chi Minh City People’s Committee found that they violated building regulations.
