In a forecast it has sent to the Government, HoREA said one- and two-bedroom apartments price at below VND 1 billion (USD 43,800) would be the best-selling segment and have the highest liquidity. (Photo for illustration) “The social housing segment will further develop while there will be a restructure of the high-end segment to meet market demand,” it said. “Condotels and land plots in housing projects will continue to be in great demand. “Disputes over apartment buildings will be more knotty and need to be resolved in a timely manner.” Le Hoang Chau, Chairman of HoREA, said the city real estate market would expand this year to neighboring regions. Investors, both domestic and foreign, would strengthen co-operation, he said. “The market will develop more steadily with online trading becoming more popular and more green constructions that are environment-friendly becoming trendy.” The association said there would be a raft of mergers and acquisitions this year, boosting construction activities in the city. Foreign direct investment would remain the main source of funding for the market, it said. There is no threat of a bubble this year thanks to timely action by the Government, it predicted. Furthermore, developers too have made efforts to tweak their investment so that they develop products that match the actual demand in the market, it said. Buyers are becoming smarter and understand the market clearly, it said. In a report it released two days ago, global property consultant CBRE said, “In 2018 the mid-level segment will continue to… [Read full story]
The centre forecasts that companies and enterprises in the city will need about 60,000 employees in the last quarter. Most of them are in the fields of retail, marketing, services, foodtechnology, tourism-hospitality, logistics, information technology,engineering and electronics. Of the 60,000employees, 10,000 will be for companies and enterprises at the city'sindustrial parks and export processing zones with most of them being inthe fields of garment-footwear, food technology and electronics. Ho Chi Minh City will also need 30,000 more employees for seasonal jobs by the end of the year. According to the centre, the needs of human resources at companies andenterprises in…... [read more]
Deputy Chairman of Ho Chi Minh City Tran Vinh Tuyen yesterday proposed district to arrange a weekend market in Bach Dang Park along a Saigon River bank.As per the proposal, the fair will have 120 booths with four sections including for musical performance, a section to introduce Vietnamese products, a food area and a section for playing folk games. Enterprises sell food must pledge to sell food with clear origin for food safety. The weekend market will open 10 am to 10pm in Saturdays and Sundays.Also at the meeting, District 1 proposed to organize pilot food areas in some streets…... [read more]
The city’s office market in the first quarter experienced strong take up in both Grade A and Grade B segments, especially in newly completed buildings and many projects in their final stages of constructions, said Greg Ohan, director for office services at CBRE. New projects that came online commanded a higher asking rental, pushing average rentals up slightly on the fourth quarter of 2012, he added. CBRE said it saw average Grade A and Grade B asking rents rise marginally by 2.3 percentage points quarter on quarter. After a flat 2012, this year’s first quarter saw Ho Chi Minh City…... [read more]
>> Office rents way down in HCM CityTraditionally, the time leading to Tet has been good for the realty market in Ho Chi Minh City, but this year’s markets are quiet. HCM City realty market sluggish The scene over the entire real estate market in Ho Chi Minh City can be described as gloomy. Business at realty offices has ground almost to a halt. Developers are choosing to hold on to their assets instead of selling in a weak market.There are few firms introducing new properties onto the market, and surveys of public opinion say that people are hoping for…... [read more]
Uber rolled in Singapore in February 2013, its first Asian market. Later on, the company began to experiment in many other cities in Asia, and now to Ho Chi Minh City. There are many reasons why Uber chose Ho Chi Minh City, according to the statement. In fact, this has made Ho Chi Minh City the fastest growing city in the history of Uber. Targeting the Vietnamese market, Uber wants to effectively connect supply and demand in the field of travel service providing. Uber’s technology director is Pham Thuan, a Vietnamese who has proved himself an inspiring leader, capable of…... [read more]
