Daily Real Estate News Highlights

Vietnam - 20 April 2023

Top Daily Updated Real Estate News

Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News

Realty giants rushing to handle debts

www.zingnews.vn

While companies categorized as 'high-risk' force to sell their assets and reduce prices, those with balance debt rates prioritize in restructuring short-term debts. Signs of recovery are expected to see by the end of this year.

Banks lower prices to liquidate mortgaged properties

www.plo.vn

Many projects are previously auctioned multiple times with a continuously decreasing price, but still with no buyers. As of February 2023, real estate outstanding loans reached about 2.6 million billion VND, accounting for 21.2% of the total outstanding loans.

Large business delegation accompanied the Czech Prime Minister to visit Vietnam www.baochinhphu.vn

30 representatives of large Czech corporations and companies are accompanying Prime Minister Petr Fiala during this visit to Vietnam. Vietnam has become an ideal destination for Czech manufacturers, so there is a huge potential for cooperation.

Million-dollar apartments offered for sale amid quiet market

www.tienphong.vn

In contrast to landed houses and bare lands, many luxury apartment projects in HCMC and Hanoi are sold at up to several million dollars. This segment is not expected to reach the "bottom" due to increasing primary prices, limited supply and rising costs.