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Update news CBRE
VietNamNet Bridge - Luxury real estate projects can be developed by either Vietnamese or foreign investors, but most of them are managed by international management groups.
Finance Ministry plans to impose progressive tax on houses to reduce speculation
VietNamNet Bridge - Progressive taxation is expected help reduce speculation in housing, according to the Ministry of Finance (MOF).
Foreign capital flowing to Vietnam’s housing market
VietNamNet Bridge - Many globally renowned investment funds have shown interest in the Vietnamese property market after announcing investment deals worth tens of millions of dollars in potential real estate firms.
Big real estate developers eyeing hotels
VietNamNet Bridge - Many successful merger & acquisition (M&A) deals in the hotel sector were reported in the first six months of the year. Some of the deals were worth hundreds of millions of dollars.
HCM City housing market slows, but may warm up in H2
VietNamNet Bridge - The sharp increase in the supply plus changes in policies related to the real estate market have led to a considerable decrease in the number of property transactions.
CBRE: Hai Phong to become international gateway
Possessing major advantages and potential, Hai Phong is expected to
become a gateway connecting Vietnam with the world, according to CBRE’s
Vietnam Special Report released recently.
CBRE: VN to benefit from TPP
VietNamNet Bridge – As the least developed of the Trans-Pacific
Partnership member nations, Viet Nam is most likely to become the
biggest beneficiary of the agreement with an increase in GDP, FDI and
exports of manufactured goods,
Weaker VND drives cash to real estate market
VietNamNet Bridge - The dong devaluation has caused changes to the cash flow: it will help heat up the real estate market. However, the dong/dollar exchange rate adjustment will not influence property prices.
Retail building oversupply reaches alarming level in HCM City
VietNamNet Bridge - Rents for retail premises in HCM City are falling and shopping malls are poorly patronized, but supply of retail space continues to explode.
Foreign real estate service providers leaving Vietnam quietly
VietNamNet Bridge - Foreign real estate service providers often enter Vietnam with noisy PR campaigns, but then leave quietly.
BUSINESS IN BRIEF 3/11
VN economy improving: CBRE; Minister Vinh says falling FDI approvals no cause for concern; Bac Ninh welcomes smartphone plant; Trade surplus in 10 months: Satisfactory but unsustainable; Vietnamese flock to Japan on reduced prices
Investment in hotels on Phu Quoc Island reap high profits
A recent study by CBRE showed that the luxury
hotel market in Phu Quoc Island has had a more
impressive performance than other major tourist cities in Vietnam such
as Phan Thiet, Nha Trang, Vung Tau, Da Nang, Hanoi and Ho Chi Minh City.
Home prices still too high for most
VietNamNet Bridge – Developers are offering more affordable housing,
yet people continue to hesitate when it comes to making home purchases.
