Property

According to consultants Savills, many residential real estate products in Hanoi have long been setting new price levels. The Grade B segment has grown the most over the past five years. Savills expects, however, that residential real estate will not see many sudden changes in the second half of 2022.

Data from CBRE Vietnam on four cities and provinces considered key industrial centers in the south and Mekong Delta - Ho Chi Minh City and Dong Nai, Binh Duong, and Long An provinces - shows that industrial land rentals have increased 8-13 per cent over the course of the last year. The highest price was $300 per sq m per rental cycle.

The Soc Trang Provincial People’s Council has issued Resolution No. 44 on the task of planning the construction of subdivisions at the Song Hau Industrial Park in the Mekong Delta province’s Ke Sach district. It will be a multi-sector industrial park on a total area of 300 ha.

The Hanoi People’s Council has approved a housing development program for the 2021-2030 period, under which it needs nearly 1,900 ha of land and VND880 trillion ($37.5 billion).

The Chairman of the Hai Phong City People’s Committee has requested the urgent implementation of a project to strengthen land management and build a land database throughout the city, with completion before 2025.

The Ministry of Construction has commented on planning to expand the Yen My II Industrial Park in northern Hung Yen province on an area of more than 313 ha. The master plan must ensure land is available for the development of housing, service facilities, and public utilities for employees working at the IP.