Cbre uk real estate market outlook 2018

The average selling price of a street-view house in HCMC’s District 1 was VND490 million ($21,124) per square meter in Q3, according to a report by real estate trading site Batdongsan.com.vn. This was 56 percent higher than the average price in neighboring District 3 and 87 percent higher than in District 10. For alley-view houses, the average price in District 1 was VND259 million ($11,164) per square meter, 32 percent higher than District 3 and 52 percent higher than District 10. For apartments, the average price in District 1 was VND114 million ($4,914) per square meter, twice that of the second-ranked District 10. Dwindling real estate supply in HCMC as population increases has pushed real estate prices up in recent years, especially in central business districts. According to real estate firm Savills, total supply, which includes unsold units and newly built units in the city in the last quarter of 2018, fell 44 percent year-on-year. This number fell by a further 34 percent … [Read more...] about District 1 house prices top Saigon real estate chart

An overview of Panomax River Villa project in HCM City's District 7 (Source: panomaxrivervilla.net) Hanoi (VNS/VNA) - Thanh Thanh Cong Investment JSC is to buy more than 16 million shares of Sai Gon Thuong Tin Real Estate JSC (SCR), equivalent to 4.7 percent of the company’s outstanding shares. The transaction is scheduled from December 5 to December 31. Thanh Thanh Cong said the company is expected to spend 100 billion VND (4.3 million USD) for the acquisition. On the stock market, SCR shares price has plunged to the bottom of the last three years since 2016.  Since earlier this year, SCR shares have been traded with stable liquidity with an average of 2.8 million shares matched during each session. The figure for the nearest 10 sessions is 3.2 million shares matched per day. In the first nine months of this year, SCR saw an increase of 50 percent in post-tax profit, reaching 304 billion VND, fulfilling 95 percent of the yearly plan. In the last quarter of this … [Read more...] about Thanh Thanh Cong Investment to buy 16 mln shares of Sai Gon Thuong Tin Real Estate

Noticeably, real estate and construction enterprises were the group with highest tax arrears. Duc Khai Joint Stock Company in District 7 led the group with tax arrears of more than VND400 billion, followed by Ho Chi Minh City Plants Limited Company in Binh Chanh District with nearly VND218 billion of tax arrears, Hoang Hai Housing Investment and Trading Joint Stock Company in Hoc Mon District with VND142 billion, Binh Duong Building Stone Company Limited’s branch in Ho Chi Minh City (District 1) with VND124 billion, Phu My Investment and Development Joint Stock Company with more than VND130 billion, Thai Son Investment and Development Joint Stock Company in District 1 with nearly VND108 billion, Transport Engineering Construction & Business Investment Joint Stock Company 584 with VND72 billion and Trang Thien Phat Limited Company with VND53 billion. The department said that will resort to debt enforcement measures in order to collect tax arrears from these enterprises, … [Read more...] about Several real estate, construction firms owe large amount of tax arrears

The office market in Hà Nội is expected to face a shortage of supply, creating competition between offices for lease and co-working spaces in the future. - Photo tinnhanhchungkhoan.vnViet Nam News HÀ NỘI — The office market in Hà Nội was expected to face a shortage of supply with competition between offices for lease and co-working spaces likely to rise in the future, but was performing well at present, according to experts. According to Savills Research, Hà Nội and HCM City witnessed a downward trend of yields from the second half 2015 to the second half 2018. “This again was caused by the limited supply of available office developments for sale, which has resulted in more aggressive bidding prices from buyers, driving yields further downward. The office sector is currently a seller’s market in Việt Nam; in other words, if you are an office development owner, now is a good time to sell,” said Hoàng … [Read more...] about Hà Nội office market to likely to lack supply

German businesses are seeing Vietnam as an attractive destination for investment (photo: Le Toan) Wolfgang Schmitz-Heinen, CEO of Witte Holding GmbH, visited Vietnam for the first time recently to look for opportunities to start a business here. Witte is a family-run global company in the printing business that specialises in printing secure and self-adhesive labels for various applications including the automotive and electronic industry. “We want to expand abroad more than before and are analysing different countries, and we got the opportunity to join this business delegation organised by the OAV-German Asia-Pacific Business Association to Vietnam. We are impressed from south to north there, and would like to follow this track to see what is possible for us. I have ideas, but we have to check now the circumstances to ensure that everything we have to do is carried out properly, but we will do it fast,” he told VIR. “What I learned in these last few days is that … [Read more...] about German firms see positive outlook