Weekly News 15.10.2018 – 19.10.2018

Lang Co real estate accelerates to prepare for casino wave

For newcomers that recently joined the market such as Singapore, Malaysia, Philippines, resort-casino complex model has been leading to powerful transformations in many aspects, including the change in investment demand and property values. According to Colliers International, up to late 2017, villa prices at many resort-casino complexes in Manila (Philippines), has increased by 30pct year-on-year, for example. In Vietnam, high-end resort-casino segment is still pretty new but has soon attracted special attention of investors thanks to great potentials. The clearest movements of top property developers in the region and in the world are revolving around their ambition to have large-scale resort-casino projects developed along Lang Co – the most beautiful coast in Vietnam. However, the number of resort projects approved for casino activities is still extremely rare. The most recent international resort-casino complex project is Laguna Lang Co, which is under the management of Banyan Tree Holdings and has been approved for casino business by the authorities. Aside from two 5-star hotels Banyan Tree and Angsana, a 18-hole international standard golf course, coastal villa rows of Banyan Tree Residences, and high-end apartments, Laguna Lang Co expects to add two to three more high-end hotels with large room supply, as well as convention, sport, entertainment facilities that are independent from weather, in the phase 2 of the project.

For more details, please kindly visit:

https://dantri.com.vn/kinh-doanh/bat-dong-san-lang-co-tang-toc-don-song-casino-20181010085514729.htm

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Novaland launches luxury apartments at $6,000 per square metre

Giant property developer Novaland Group has launched a new apartment project, The Grand Manhattan, in the heart of HCM City. Prices of units in the project, which will come up at the corner of Co Giang and Co Bac streets in District 1, will start at US$6,000 per square metre. Novaland said the condos, to be handed over in the last quarter of 2021, would have two or three bedrooms and smart-home technologies.

For more details, please kindly visit:

http://bizhub.vn/property/novaland-launches-luxury-apartments-at-6000-per-square-metre_299703.htm

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Hanoi’s mega smart city set to kick-off construction in December

The BRG-Sumitomo joint venture and Hanoi intensify efforts to kick off the construction of Hanoi’s mega smart city project in this December. The BRG-Sumitomo joint venture and Japanese consultancy unit Nikken Sekkei today held a working session with the Hanoi People’s Committee to report on the implementation of the Nhat Tan-Noi Bai smart city project and listen to instructive comments from the city’s administration to soon start work on the project. The investors expect that the construction of the $4.2 billion projects could be kicked off this December if they receive the project approval and the land on time.

For more details, please kindly visit:

https://www.vir.com.vn/hanois-mega-smart-city-set-to-kick-off-construction-in-december-63061.html

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Freshly launched Alpha City sets new standards of luxury living

International real estate developer Alpha King has just launched Alpha City—a premium property complex in District 1 of Ho Chi Minh City—at an event on October 8 in front of 750 visitors. According to Alpha King, this is one of the leading projects which will be built in the most modern style to ensure metropolitan living, working, and leisure. Located at a golden location of District 1, apart from high-end facilities and unique architecture inspired by Vietnamese culture, Alpha City is a high-end property project which helps improve the living and working standards of its future residents.

For more details, please kindly visit:

https://www.vir.com.vn/freshly-launched-alpha-city-sets-new-standards-of-luxury-living-62969.html

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Luxury properties are rising

According to property experts, high-end housing segments in Vietnam are becoming more and more attractive and central business districts of Saigon is even said to be an emerging star in Asia market. Explaining this remark, international experts said that Vietnam is following a high economic growth momentum over a past decade, in which the country’s growth rate in Q1-2018 reaches the record-breaking 7.38pct, and is expected to reach 6.8-7pct for the whole year. The growth of economy boosts people’s income, resulting in ever-increasing number of billionaires. Meanwhile, land in CBDs of Hanoi and HCMC are short on supply, resulting in scarcity of high-end and luxury property supply, and in sky-rocketing prices that worth up to millions of US dollars.

For more details, please kindly visit:

http://reatimes.vn/bat-dong-san-hang-sang-dang-troi-day-29943.html