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Vietnam’s Top Property News – Week 28/2021

Posted by Khoi Pham on July 16, 2021

The top residential and commercial real estate news of the Week 28/2021 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
  • NOW receiving booking

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
  • NOW receiving booking

5 out of another 15-day social distancing

Ho Chi Minh City Hall during the days of social distancing amid the Covid-19 pandemic. Photo by VnExpress/Quynh Tran

It’s been eccentric to see the city as it is at this stage: where both cars and motorbikes are no longer extreme for any jams, traffic noise is replaced with ambulance siren, lines of people queueing in front of supermarket for food and cordon and fence blocking the accesses in and out of many areas. The city is at its 5th date of its most serious preventive measure, total lock down, in order to stop the 4th wave which there are too many cases that not everyone could be identified and isolated.

Vietnam recorded 254 new local Covid-19 cases Sunday noon, bringing the tally in HCMC to 5,865 cases, becoming the worst-hit locality in the latest coronavirus wave.

213 cases were recorded in HCMC, 11 in Binh Duong, 10 in Phu Yen, five in Long An, four in Binh Dinh, two each in Vinh Long, Hai Phong, Bac Giang and Tay Ninh, and one each in Ninh Thuan, Ha Tinh and Tra Vinh.

211 cases in HCMC have been contained within quarantine zones and locked down areas. Two are being contact traced.

Five cases in Binh Duong are close contact cases, while six others are being contact traced.

All the cases in Phu Yen, Long An, Binh Dinh, Vinh Long, Hai Phong, Bac Giang, Ha Tinh and Tra Vinh are close contact cases.

The cases in Tay Ninh and Ninh Thuan all returned from HCMC.

Vietnam has recorded 16,096 cases in 52 of its 63 cities and provinces since the fourth Covid-19 wave broke out in the nation on April 27.

With HCMC taking the lead at 5,865 cases, Bac Giang follows behind with 5,660 cases.

Source: VnExpress

Covid scare: HCMC residents empty supermarket shelves

Vegetable shelves at the Big C Mien Dong supermarket in HCMC’s District 10, July 12, 2021. Photo by VnExpress/Tat Dat

More cases and lockdowns had anxious HCMC residents rush to buy and stock groceries Monday morning, emptying supermarket shelves despite supplies increasing 7-10 times.

Hang of Go Vap District said that after witnessing a residential area in Ward 13 near her home get locked down, she got worried and wanted to stock some goods.

She ordered goods online two days ago, but they had not been delivered, so she went to buy directly from the supermarkets. However, the goods she wanted, including fresh foodstuffs, were sold out at two supermarkets near her home.

“One supermarket told me to come back after three hours. I returned about 15 minutes late, but the goods had been bought by other customers,” she said.

A rapid VnExpress survey of HCMC supermarkets Monday morning showed that many fresh groceries and vegetables were sold out early. Fresh groceries at Vinmart supermarkets in Go Vap District were sold out before 8 a.m. The supermarkets’ staff said they restocked the goods frequently, but there were too many buyers.

At 9.30 a.m., Lotte Mart in District 7 was very crowded, with its fresh foodstuff section drawing a lot of buyers. Many customers flocked to the pork, seafood and vegetable stalls. These items sold well and resupplies could not keep up with the purchases.

A Saigon Co.op spokesperson said their supermarket chain buys goods not only from farms, households and enterprises, but also traders at wholesale markets, but they were facing a shortage of employees because many have to undergo Covid-19 testing.

“People should calm down. Areas are locked down but supermarkets still transport goods to the areas. Shippers are available to transport goods as ordered.”

A senior official with the HCMC Department of Industry and Trade said the city will establish more mobile points of sales, and temporarily closed wholesales markets will resume operations soon.

According to HCMC’s social distancing order, starting last Friday, its residents are required to stay at home and only go out for basic necessities like buying food or medicines or seek medical treatment, to work at factories or public offices that are allowed to open, or in case of funerals, fire or other disasters.

Source: VnExpress

Real estate FDI surges 35 pct

Top foreign direct investors in Vietnam, H1 2021

Foreign direct investment in real estate during the first six months rose 35 percent year-on-year to $1.15 billion, ranking third in all sectors.

The manufacturing and processing sector attracted $6.98 billion, followed by electricity production and distribution, $5.34 billion, according to the Ministry of Planning and Investment.

Total FDI pledges fell 2.6 percent to $15.27 billion.

Singapore led with an investment of $5.64 billion, accounting for nearly 37 percent of the total, followed by Japan, South Korea and China.

Major projects in the first six months include liquefied natural gas power plant Long An 1 and Long An 2 funded by Singapore with a registered capital of $3.1 billion.

It was followed by O Mon 2, a thermal power plant in Can Tho City with a registered capital of $3.1 billion.

LG Display in Hai Phong City increased its investment by $750 million.

Source: VnExpress

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