Ho Chi Minh City

Saigontourist 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 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.

Apartment 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.

Mr. 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.

The outlook is decidedly bullish for Vietnam’s residential market in the long term.

Prime 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.

The 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.

The 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.

The 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.

A 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.

Country-wide, Grade A office is gradually leaving the stage to Grade B and flexible workspace. Nonetheless, the premium segment still retains its high occupancy and rent considering stable demand from foreigners

The HCM City Department of Transport has asked the city's People’s Committee to outline plans for investment in public transport in new residential areas, including new bus lanes, in an aim to reduce traffic congestion.

Rents for shophouses in downtown Ho Chi Minh City have increased by 35 percent in 2019, according to real estate portal batdongsan.com.vn.

GrabKitchen Binh Thanh gathers together 15 restaurants and bars in district and nearby.

The first certified Halal convenience store was put into service in Ho Chi Minh City on December 25, giving Muslimsin the southern metropolis more food choices.