Ho Chi Minh City has become the sixth most expensive city in Asia Pacific to lease premium office space, according to a new study by property services firm Knight Frank.
The Binh Thuan Provincial People’s Committee has approved the south-central province’s housing development plan for 2023, with a target of raising the total floor space to over 1.33 million sq m.
Frasers Property recorded a revenue of S$9 million ($6.79 million) from Vietnam operations in October 2022-March 2023 for the first half of the fiscal year 2023, down 82% year-on-year.
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According to Luc, from now until 2030, Vietnam will require approximately $110.7 billion per year in medium and long-term capital in addition to bank credit capital.
The property markets in Vietnam and other Southeast Asian countries are poised to rebound in 2023 and perform strongly in the decade ahead, according to Cushman & Wakefield’s latest study.
Malaysian-backed firm Berjaya Vietnam International University Town LLC is planning to revive its $3.5 billion township project in Ho Chi Minh City’s Hoc Mon district.
Vietnam’s industrial real estate sector is likely to face challenges when new supplies fall due to due to delayed approval processes, said leading Vietnamese broker VNDirect Securities.
The real estate market in Vietnam is probably the only market that is operating in moderation and waiting for time to change for the better.
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