Property

In order to exploit the potential of its land fund to generate budget revenue to prioritize infrastructure investment, south-central Phu Yen province will hold auctions and tenders for 318 projects and land plots with a total area of nearly 513 ha. It is expected that the province will collect more than VND35.647 trillion ($1.5 billion).

According to Savills, demand for space for data centers is developing quite quickly in Vietnam. The explosion of e-commerce and online shopping and the rising popularity of online entertainment during Covid-19 has led to a rise in storage demand, leading to growth in demand for space.

Northern Thai Nguyen province has decided to adjust the land use purpose of nearly 120 ha to implement 13 projects in the fields of transport infrastructure, industrial park infrastructure, and ecological urban areas. Site compensation and clearance have been completed on all land plots allocated to investors recently, with an expiry date of 2070.

Central Da Nang city is planning, investing, and developing more industrial parks and clusters to attract and expand industrial activities within the city’s general planning to 2030 and vision to 2045. It will invest in the development of industrial parks totaling about 2,326 ha.

The Van Don District People’s Committee in northern Quang Ninh province has sent an official dispatch to the Quang Ninh Department of Construction regarding the addition of a housing development plan for 2021 and one for the 2021-2025 period.

Central Da Nang city has reduced the price of commercial land by between 70 and 80 per cent and land for production and business by between 50 and 60 per cent. It will also auction 34 land plots this year with a total area of nearly 64 ha.