Vietnam’s Top Property News – Week 24/2021
The top residential and commercial real estate news of the Week 24/2021 and property recommendations:
Information herein has been obtained from sources believed reliable, please analyze and use it at your own responsibility and independently confirm its accuracy and completeness.
NEW – Thao Dien Green (District 2, HCMC)
- Developer: SIC Real Estate Investment Joint Stock Company
- Location: Nguyen Van Huong Street, Thao Dien Ward, District 2, Ho Chi Minh City
- Unit types: 1-Bedroom: 54.99 sqm & 61.36 sqm, 2-Bedroom: 83.51 sqm – 88.8 sqm, 3-Bedroom: 108.84 sqm – 130.39 sqm, Penthouse: 323.29 sqm – 400.71 sqm (Duplex)
- Expected Completion: IV/2023
- Soon receiving booking
NEW – Masteri Center Point (District 9, HCMC)
- Developer: Masterise Homes
- Total scale: 10 towers
- Unit size: 1 – 4 Bedrooms
- Price from 2,500USD/m2
NEW – Celesta Heights (Nha Be District, HCMC)
- Developer: Keppel Land and Phu Long
- Location: Nguyen Huu Tho, Nha Be, Ho Chi Minh City
- Unit types: 1-Bedroom: 50m2, 2-Bedroom: 82-88m2, 3-Bedroom: 117m2
- Price from 2,500USD/m2
HCMC extends social distancing order by two more weeks
Vehicles are instructed to go around a Covid-19 checkpoint in Go Vap District under HCMC’s social distancing order, June 1, 2021. Photo by VnExpress/Quynh Tran
HCMC government has decided to extend its current social distancing period by another two weeks due to ongoing coronavirus concerns, following a proposal by the municipal health department Monday.
The city-wide social distancing measure means social events are suspended while gatherings of 20 people or more in one place and of 10 people or more outside workplaces, schools and hospitals are banned. A minimum distance of two meters between people in public places should be ensured.
The extension is justified as the coronavirus still lurks inside the community, and a premature lifting of the social distancing order may give it a chance to proliferate further, said director of the HCMC Department of Health Nguyen Tan Binh.
A previous two-week social distancing period for the city began on May 31 and was supposed to end on Monday, where a similar ban on social events, gatherings of 20 people or more in one place and of 10 people or more outside workplaces, schools and hospitals was in place. Go Vap District and District 12’s Thanh Loc Ward, the center of a major cluster emerging from a Christian mission, underwent a stricter social distancing order, where gatherings of more than two people in public are banned and people are requested to leave home only for emergencies, buying food and medicine, and working in factories, production facilities and businesses that involve “essential” goods and services.
Monday extension means Go Vap and District 12 now apply the same restrictions as other places in the city.
HCMC, home to 13 million people, has recorded 819 local Covid-19 infections in Vietnam’s latest coronavirus wave since late April, having the third-highest number of infections behind Bac Giang and Bac Ninh. The southern metropolis has observed the emergence of several concerning coronavirus clusters which have sparked infections in all its 21 districts and Thu Duc City.
On Sunday the city recorded 95 local Covid-19 cases, its highest number of daily new infections since the disease first appeared in Vietnam early last year.
Apple supplier Pegatron to expand Vietnam operations
The logo of Pegatron Corp is displayed on a smartphone. Photo by Shutterstock/IgorGolovniov
Pegatron Corp, an assembler for Apple, Microsoft and Sony, plans to increase its investment in Vietnam for electronics production by $101 million.
Reuters quoted Taiwan’s Ministry of Economic Affairs, which has to approve overseas investments by local companies, as saying Pegatron’s investment in Vietnam would be for the production of computers and peripherals, communications equipment and electronic components.
The company has not disclosed details of the investment.
It invested $19 million to build its first plant at the Dinh Vu Industrial Zone in Hai Phong City in March last year to produce computers, communications equipment and consumer electronic products.
It plans to build its second and third plants at a cost of $481 million and $500 million and also move its research and development center from China to Vietnam.
Tourist cities regain bustle after Covid restrictions relaxed
Restaurants and food establishments are allowed to serve guests but with only half the covers. At a famous vermicelli and sticky rice shop on Hung Vuong Street in Hai Chau District, staff wear masks while customers sit apart from each other
With the easing of Covid-19 restrictions, popular tourist destinations Ha Long and Da Nang are getting back their hustle and bustle though not visitors.
Seaside restaurants and eateries remain closed since tourists have not returned to the city. Since June 3 visitors from areas with social distancing or lockdown are subject to 21-day quarantine.
Without tourists or business, hundreds of cruise ships have remained anchored for long. Since its recognition as a UNESCO natural world heritage in 1994, Ha Long Bay has found a spot on the global tourism map, with travel bloggers and filmmakers hailing its emerald waters and thousands of towering limestone pillars topped by rainforests.
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