MARKET SNAPSHOTS WEEK 13/2022
A series of industrial parks are invested and constructed infrastructure in localities
Deputy Prime Minister - Le Van Thanh, had just signed decisions on approving investment policies, infrastructure construction, as well as approving investors for a series of industrial parks in Da Nang City, and Thanh Hoa, Hoa Binh, Long An provinces.
Masterise Homes broke ground on an office and commercial building in central Ho Chi Minh City
On the morning of March 22nd, The Sun Tower, an office-commercial building, located in the Grand Marina, Saigon complex project, was broken ground by Masterise Homes. The event marked an important milestone for Grand Marina, Saigon, the branded real estate project, since its launch in January 2021. The Sun Tower was built in an area of more than 6,000 sqm in the master plan of more than 25 hectares of the Grand Marina, Saigon project.
Site clearance for Ben Luc - Long Thanh expressway through Dong Nai province was completed
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Currently, the People's Committee of Dong Nai province is directing the People's Committee of Long Thanh district to coordinate with the Southern Expressway Project Management Board, the investor of Ben Luc - Long Thanh Expressway project, to speed up the construction progress to complete the project in December 2023 under the Prime Minister's direction.
Merry Land Quy Nhon - The only tropical wonder on the peninsula in Vietnam
Merry Land Quy Nhon is the pioneer project of high-end real estate products, developed by Hung Thinh Group. The project has modern facilities, unique architecture, and services in line with international standards.
Real estate M&A 2022: Is Vietnam ready to attract foreign investors?
The real estate merger and acquisition (M&A) market in Vietnam has many opportunities to attract foreign investment capital. Experts expect M&A activities to grow constantly not only in volume but also in value in 2022.
Vietnam - Singapore III Industrial Park, which has a scale of 1,000 hectares in Binh Duong province, was broken ground.
On the morning of March 19th, The Prime Minister - Pham Minh Chinh attended The Ground-breaking Ceremony of Vietnam - Singapore III Industrial Park (VSIP III) in Binh Duong Province. The project has a scale of 1,000 hectares with a total investment capital of more than VND 6,400 billion, located in Hoi Nghia Ward, Tan Uyen Town and Tan Lap Commune, Bac Tan Uyen District. This is the 11th of VSIP across the country and the 3rd VSIP in Binh Duong province.
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BW announced a landmark transaction, marking its first entry into Long An province
On March 24th, BW Industrial Development JSC., the leading real estate developer, announced its acquisition of nearly 21 hectares of land in Vinh Loc 2 Industrial Park and more than 22 hectares in Xuyen A Industrial Park. The transaction marked BW’s first entry into Long An province, strengthening its presence in the greater Ho Chi Minh City area.
Hanoi: Difficulty in auctioning land use rights
Recently, in Hanoi, there have been continuously removed stakes after the land auction and the auction price was pushed to an abnormally high level. This affects the progress of urban development, stabilizes people's lives, and disturbs the real estate market.
Q1/2022: International passenger arrivals recovered impressively, increasing by over 400%
The Civil Aviation Authority of Vietnam had just sent a report to the Ministry of Transport on the situation of domestic and international air transport operations. The number of international passengers operated by Vietnamese airlines recorded an impressive performance in the first quarter, increasing by 441% compared to the same period last year.
Construction materials prices were in hyperinflation: Contractors, investors shocked
Due to the hyperinflation in material prices, the total construction cost increased by 20-30% compared to the same period last year. The strongly increasing in construction materials such as sand, stone, brick, cement, iron, and steel... made the investors and contractors shocked. Because of high prices, the investors have to spend more than 20-30% to complete the work.
3 barriers made real estate M&A lack foreign capital
There are at least 3 barriers for foreign capital flows to invest in the real estate market, and at the same time made FDI enterprises become more cautious, somewhat inhibiting the development of the M&A market, including Legal barriers, The lack of experience in M&A of internal enterprises and Price has not met yet between buyers and seller due to different from appraisal approach.
The biggest land dispute in Quang Nam - Da Nang: Thousands of people called for help
From 2018 to now, thousands of people, have bought 1,100 land plots developed by Bach Dat An JSC. through Hoang Nhat Nam Investment JSC. - the brokerage company, has claimed benefits many times. Recently, on March 5th, people who bought land set up tents and camped in front of the administrative center of Dien Ban town to call for help.
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