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With the pandemic complicating movement and forcing many employees to work from home more often, coworking space operators in Vietnam are using the time to improve their interiors and services, while trying to continue expansion.
At least one homebuyer of the former Alpha City project is threatening to go to court with Alpha King, the Hong Kong-based developer which transferred the project to new ones, but has thus failed to fulfil its obligations to former customers of its sold units.
Along with the rise of the Vietnamese real estate market, domestic real estate brands are increasingly asserting their names with series of projects approaching international standards and changing the mindsets and lifestyles of Vietnamese people.
Despite a range of newly-established industrial zones being added to the market, many others have been delayed for a long time and are at the verge of being revoked due to the weakness of their developers.
After a similar phenomenon in Hoc Mon and Cu Chi districts in the outskirts of Ho Chi Minh City, land price hikes are becoming more prevalent on Can Gio Island – the only district of Ho Chi Minh City with a 23km coastal line.
With an inactive website and telephone system, the resignation of a range of staff and officials, and projects appearing in the portfolio of other developers, inevitable doubts have arisen over the status of Hong Kong’s Alpha King in the Vietnamese market.
Two long-delayed property ventures in the south and south-central regions of Vietnam have finally been given the go-ahead by authorities.
With 30 per cent of the stakes acquired from Portsville Pte., Ltd. – a wholly-owned subsidiary from Singapore’s Keppel Land Ltd. in Dong Nai Waterfront City – Nam Long Group has become the only owner of this giant project.
Hoteliers and guests in Vietnam are changing their perception of green practices.
The domestic real estate market has seen a range of mergers and acquisitions deals in recent months.
The potential merger between two giant hotel groups, Accor and InterContinental Hotels Group, could foreshadow a new wave of acquisitions in hospitality directly resulting from the impact of the ongoing pandemic.
The luxury and premium accommodation segment is experiencing its highest ever rates despite the economic downturn caused by the coronavirus pandemic and the inaccessibility of international buyers.
Multi-class real estate developer Frasers Property is expanding its portfolio in Vietnam. Lim Hua Tiong, CEO of Frasers Property Vietnam, shared with VIR’s Quynh Chau the Singaporean group’s target to explore other investment fields towards sustainable development in the market.
As the pandemic prevents international investors from entering Vietnam to complete deals, domestic investors are actively taking the opportunity to expand their portfolios through mergers and acquisitions (M&A) in residential development projects.
Pandemic containment measures have hit most sector business activities, while developers have been challenged to meet construction timelines hit by related supply shortages, locked-down workers, and tightened financing availability.