Property

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.

Many industrial parks around Vietnam are facing a serious shortage of housing for workers. A range of solutions to overcome the shortfall were proposed at the recent “Developing housing for workers - Current situation and solutions” seminar that meet actual needs, ensure social security, and contribute to national economic development.

Total investment in the construction of technical infrastructure at the Binh Tan Industrial Park in the Mekong Delta’s Vinh Long province is about VND2.9 trillion ($127.89 million), to come from social investment, private investors, and the State budget. The project will be built on 400 ha and employ about 13,660 workers.

Nha Trang city in south-central Khanh Hoa province is planning for its Hon Tre - Hon Mot islands to become an urban ecological tourism, resort, entertainment, and conference and seminar complex of international standard. Many tourism areas and resort villas are already operating on the islands.

As an industrial area, southern Binh Duong province will focus on developing social housing projects to meet needs and support workers. The province aims to build a million houses for workers in the 2021-2025 period.