Property

Nearly a year after the bribery scandal that involved  Lotte Group chairman and took down the South Korean president, the multinational giant is now gearing up its investment strategy in Vietnam by ­pushing ahead with two giant projects in Hanoi and Ho Chi Minh City. Lotte is set to make an even bigger splash with projects in Hanoi and Ho Chi Minh City, Photo: Dung Minh During a visit to Vietnam last week, Lotte Group chairman Shin Dong-bin, who remained in the post despite the scandal, met with Vietnamese Prime Minister Nguyen Xuan Phuc and outlined his plans to speed up the process of developing Lotte Mall Hanoi and its Ho Chi Minh City-based eco-smart complex. This visit focused on advancing ventures which have slowed in pace over the last 12 months, with Lotte Group committing to apply environmental friendly technologies to all projects. Lotte Group plans to start construction of the $600 million and 7.3 hectare Lotte Mall Hanoi before year-end, and open in 2021 … [Read more...] about Lotte re groups after rocky 2018

Many areas across the city came under water causing hefty damage to buildings and vehicles, Photo: Le Toan Stephen Wyatt, country head of JLL Vietnam, told VIR that floods heavily affect the real estate market in Vietnam, since they have a psychological impact on local and foreign homebuyers. “While previously homebuyers would pay attention to factors like location, amenities, and fire-fighting system, they now lean towards properties that are located on higher grounds to minimise the risk and damage of flooding, not only within the property but also in the surrounding traffic area,” said Wyatt. He gave the example of Thao Dien area in District 2 which lies relatively low, and where floods are a usual occurrence during the rainy and monsoon seasons. “This will also make developers consider investing heavily in drainage infrastructure system, and resolve problems related to flooding,” he said. According to him, the current drainage infrastructure system is … [Read more...] about Flood crisis flips homebuyer priorities upside down

Novaland Corporation on December 6 signed a strategic co-operation agreement with global hotel management company Minor Hotels to manage and operate seven hotels and resorts with a total of more than 3,500 keys, and Greg Norman Golf Course Design to develop four golf courses. The corporation also signed a co-operation agreement with Greg Norman Golf Course Design Company to develop four Greg Norman golf courses in Novaland’s integrated resort complexes in the provinces of Can Tho, Ba Ria-Vung Tau, and Phan Thiet-Binh Thuan with the total value of $100 million. Novaland signed a strategic co-operation agreement with Minor Hotels to manage and operate seven hotels and resorts Two of these agreements were signed at the Vietnam Travel and Tourism Summit 2018 which was held in the framework of the Vietnam Economic Forum (ViEF). In a spectacular alignment with the national tourism development strategy, in the second phase of its development strategy, Novaland has begun … [Read more...] about Novaland finds major foreign partners for tourism complexes

Gamuda Land Joint Stock Company (HCMC) of Gamuda Berhad Group of Malaysia has officially announced the GL Friends Loyalty Programme for its Celadon City project in Ho Chi Minh City. Celadon City in Ho Chi Minh City is one of the flagship projects of Gamuda Land and is highly appreciated for its green coverage and integrated utility system. According to a representative of Gamuda Land (HCMC), after nearly a decade of continuous efforts to set up a green urban project in Ho Chi Minh City, Gamuda Land has not only built a home but also created sustainable communities where all members can enjoy a clean and green environment with outstanding facilities. “This is also the reason why Gamuda Land brings out the "GL Friends" programme for loyal customers who have trusted Gamuda Land during the past many years,” said the representative. Representative of Gamuda Land (HCMC) at the launch of the GL Friends Loyalty Program As part of the "GL Friends" community, loyal … [Read more...] about Gamuda Land (HCMC) announces GL Friends Loyalty programme

With a view to transforming the city of Vung Tau into a modern financial, trade, and tourism centre of national and ­international significance, the Vung Tau People’s Committee has made sweeping changes to its master plan ­towards 2035. It is hoped that Vung Tau can utilise the city’s resources and favourable location to maximise its trade potential As a major urban hub in the southern province of Ba Ria-Vung Tau and just 120 kilometres from Ho Chi Minh City, Vung Tau has the abundant natural resources to grow into a major national centre for petroleum services exploitation, as well as for tourism and seafood services. The city’s general planning was first approved by the prime minister in 1993 and the second time in 2005. Some contents can no longer fit current development given the robust pace of local economic transformation and constant growth in social and economic development criteria. The planning scheme, which was approved in 2005 and is … [Read more...] about Vung Tau revised its master plan to lure investments