Property

The Asahi Japan Investment and Properties Management Services Joint Stock Company has been appointed to provide operations management services for the Green Bay Premium apartments in Ha Long city, northern Quang Ninh province. This marks an important step in the market expansion of the Japanese management company, which received a Vietnam Top Brand award this year.

According to a Prime Ministerial decision, the Tan Hung Industrial Park will be built in northern Bac Giang province with a scale of 105.3 ha and total investment of VND1.18 trillion ($52.03 million) from the Lideco 1 Joint Stock Company. Implementation is to be no more than 36 months from the date of land allocation by the government.

Economic activities at the Lang Son border gate economic zone in northern Lang Son province, which shares a border with China’s Guangxi province, together with methodical investment in local infrastructure, traffic, and tourism will create opportunities for land adjacent to the border gate to attract investment.

Many major real estate investors are coming to La Gi in south-central Binh Thuan province with large-scale projects that will turn the town into the largest industrial center in the province. With industrial zones, La Gi will also become the center of the local real estate market.

The Hanoi People’s Committee has approved the outline of the “Surveying and assessing the current situation and proposing solutions to strengthen the management and operations of urban areas after investment” project. The capital currently has more than 350 urban areas on a total area of about 2,500 ha.

Branded apartments with world-class products, services, and travel experiences are receiving significant attention from Vietnam’s wealthy. The number of super-rich people in the country has increased sharply in recent times, ranking it in the top 5 Asian countries in terms of people owning assets of more than $1 million. This is the main customer group of the luxury real estate segment.