Vietnam’s Top Property News – Week 3/2021
The top residential and commercial real estate news of the Week 3/2021 and property recommendations:
Information herein has been obtained from sources believed reliable, please analyze and use it at your own responsibility and independently confirm its accuracy and completeness.
NEW – The 9 Stellars (District 9, Thu Duc City):
- 3000 apartments and 159 Villas
- 2,300USD/m2 for apartments and 5,500USD/m2 for villas
- Developer: SonKim Land
NEW – Hyatt Regency Ho Tram:
- Developed by Hyatt Hotels & Resorts
- President Villa/Beach Front Villa/Sea View Villa/Garden Villa from 290-1000m2
- Limited 63 units
- Million Dollars Project
- Beach Property
NEW- Meyhomes Capital Phu Quoc:
- Developed by Tan A Dai Thanh Awarded with Labor Medal and 25 Years with Good Contributions to Vietnam Economy
- Is the First and Limited Landed Property with Freehold Tenure on Phu Quoc City (just Upgraded to City)
- Shophouses from 117-206m2
- Affordable from 350,000 USD
The River Thu Thiem (District 2):
- Ultimate Collection: 12 Penthouses and 12 Pool Villas
- Unobstructed River View
- Million Dollars Project
The Metropole Thu Thiem – The Opera Residence (District 2):
- Available units at the podium
- 1-3 Bedrooms (60-130m2) Available to Buy Directly from Developer
- ~6,600USD/m2
Angel Island (Dong Nai Province):
- Elite Villas/Garden Villas/Grand Villas/Shop Houses from 154m2-360m2
- First and Unique Island Property with Yacht Marina Entrance MAINLY
- Million Dollars Project
Aqua City (Dong Nai Provice):
- Townhouses/Villas/Shophouses from 120m2-360m2
- Decent Eco Satellite City Adjacent to HCMC
- Affordable from 300,000 USD
Masteri Centre Point (District 9, Thu Duc City):
- Developer: Masterise Homes
- Total scale: 10 towers
- Unit size: 1 – 4 bedrooms
- Affordable from 140,000 USD
Lumiere Riverside (District 2):
- Developer: Masterise Homes
- Total scale: 2 towers
- Unit size: 1 – 3 bedrooms
- Affordable from 280,000 USD
Habana Island Ho Tram:
- Semi Detached Villas/Single Villas from 160m2-240m2
- Unique Island Property with View to Ocean and View to River
- Million Dollars Project
NovaWorld Phan Thiet:
- Townhouses/Semi Detached Villas/Shophouses from 100m2-150m2
- Capital Gain Guarantee 13%/year
- Affordable from 200,000 USD
- Beach Property
NovaWorld Ho Tram – Tropicana:
- Townhouses/Semi Detached Villas/Shophouses from 160m2-260m2
- Capital Gain Guarantee 13%/year
- Affordable from 300,000 USD
- Beach Property
Phu Quoc island city draws 16.5 billion USD in investment
Phu Quoc island city draws 16.5 billion USD in investment
Phu Quoc, Vietnam’s first island city, has attracted 372 projects to date with capital totaling some 16.5 billion USD.
Tourism, service, and urban areas are the most attractive sectors, according to the city’s authorities, adding that investments in these fields helped Phu Quoc become a second-tier city. Major economic corporations such as Vingroup, Sungroup, BIMgroup, CEOgroup, MIKgroup, and Milltol have made significant contributions to the island’s economic growth over recent years.
Local trade-service production expanded by an average of over 19 percent each year during the last five years, doubling the rate in its home province of Kien Giang in the Mekong Delta. State budget collections rose an average of 19 percent annually and accounted for more than 40 percent of the province’s total collections. Tourism has become a spearhead economic sector. Dozens of large-scale tourism projects have been carried out, with an array of high-end resorts serving both domestic and international visitors.
The Bai Truong tourism complex is being formed, giving the Phu Quoc urban area a facelift. According to the Chairman of the island city People’s Committee Huynh Quang Hung, investors enjoy the best possible mechanisms and policies from the government. The city is working with provincial departments and sectors to recommend the Government introduce more favourable policies regarding land rentals, land use, and immigration, so as to attract more investors to the island.
During the 2021-2025 period, Phu Quoc city will focus on developing socio-economic infrastructure, particularly in transport, power, water, waste treatment, urban areas, shopping malls, schools, and hospitals. It is inviting investors to expand Bai Vong Port and Dat Do Port, develop fisheries infrastructure and facilities in response to climate change, and build modern waste treatment plants. The island city also prioritizes investments in tourism, hi-tech agriculture, and high-quality healthcare.
Source: Vietnamplus
Anti-flooding project of Thu Duc City will be implemented by the Dutch Government and enterprises
Ms. Elsbeth Akkerman, Ambassador of the Netherlands in Vietnam and Mr. Carel Jacob Johan Richter, Consul General of the Netherlands in Ho Chi Minh City
The project of sustainable flood prevention in Thu Duc city has a total investment of more than 1 billion USD implemented by the Dutch government and enterprises under the public-private partnership model. Netherland affirms that it will be ready to support Ho Chi Minh City and Thu Duc City in building smart cities, preventing flooding and transferring advanced construction technologies; Thu Duc City will become the most modern city in the region with high-tech industrial parks, quality universities and convenient connections to the world by sea, road and air.
Source: Vnexpress
Vietnam GDP to grow by 8 per cent: Oxford Economics
Viietnam’s GDP is expected to grow by 8 per cent this year
Southeast Asia’s economic growth will rebound to 6.2 per cent in 2021 with Việt Nam achieving 8 per cent growth, according to the latest economic outlook report from Oxford Economics commissioned by chartered accountancy body ICAEW.
GDP across the region contract by 4.1 per cent in 2020, with countries that had been successful in controlling the pandemic like Việt Nam and Singapore leading the recovery.
Indeed, Việt Nam was expected to be the only economy to record positive growth in 2020.
The rebound was in part due to the low-base effect of 2020, but policies were set to remain very accommodative with extensive fiscal support and low interest rates.
Prolonged lockdowns and social distancing measures in the region were forecast to cap global GDP growth in 2021, making it unlikely that a return to pre-COVID GDP and trade activity would take place before late 2021.
In Southeast Asia, growth would likely be constrained by social distancing measures, but restrictions would continue to be eased over this year, especially in economies that would be able to roll out vaccines relatively quickly.
An economic rebound in 2021 remained contingent on the easing of lockdown restrictions, global recovery momentum and the successful roll-out of vaccines.
Progress on vaccination would be an important barometer for growth, with services likely to catch up faster in economies better placed with regard to vaccine procurement and distribution.
Mark Billington, ICAEW regional director, Greater China and South-East Asia, said: “The biggest concern for Southeast Asian economies is keeping additional waves of infection at bay while gradually bringing society and economic activities back to speed.
“The interconnectedness of the global economy means that countries will have to work collectively to strengthen their pandemic response plans and address the dual challenges of resuming business activities while keeping their people safe.”
Despite the predictions of an economic rebound in 2021, there remain major uncertainties that could affect post-pandemic recovery, such as slow progress in the roll-out of mass vaccination programs, a global second wave resulting in another global lockdown and a financial crisis leading to major economic damage.
Optimistically, vaccine breakthroughs and post-election US stimulus could also speed up near-term recovery and avoid long-term damage, the report said.
Source: Vietnamnews
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