7,862 apartments from 26 projects in Ho Chi Minh City were sold during the third quarter of 2015, said Head of CBRE Vietnam’s Research and Consulting Department Duong Thuy Dung.
Some 7,862 apartments from 26 projects in Ho Chi Minh City were sold during the third quarter of 2015, said Head of CBRE Vietnam’s Research and Consulting Department Duong Thuy Dung at a press conference in the city on September 29.
According to CBRE, high-end apartment sales have soared, accounting for 35 percent of the total apartments transacted during the first nine months of this year.
Many long-delayed projects have been revived by changes in capital, design and area from new investors including City Gate Towers (District 8), Linh Tay Tower (Thu Duc district) and C.T. Plaza Nguyen Hong (Go Vap district).
General Director of the Dai Quang Minh Joint Stock Company Tran Ba Duong said the company has sold 321 of 414 high-end apartment units (a 12-storey tower in Sala urban area, District 2) since its opening on May 29.
The real estate firm Sacomreal sold 800 units in Jamona Apartmnet, and 224 units in Carillon.
Meanwhile, the Dat Xanh Group is also offering the second phase of the Luxcity high-end apartment project, selling 200 units since September 27.
Over 2,600 units of the Sunview Town and Him Lam Land Cho Lon projects were successfully transacted in the reviewed period.-VNA
The country's property market attracted 1.69 billion USD in foreign direct investment (FDI) for 15 projects in the first seven months of 2015, according to the Foreign Investment Agency.
Foreign firms have pumped hundreds of millions of US dollars into numerous real estate projects in HCM City, attributed to an upswing in the real estate market after a long period of hibernation.
Tumbling stocks and gold prices may drive investors away to the real estate market as property is traditionally a favourite channel for investment in Vietnam compared to gold, stocks and bank savings.
Although supply has recently surged, there is not likely to be a real estate bubble in Vietnam, said CBRE’s Operational Director Richard Leech at a press conference in Hanoi on September 29.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Illustrative Image (Source :VNA)
