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Vietnamese real estate goes global


Vietnamese real estate goes global
08:00 | 04/04/2021
Vietnamese real estate goes global
The first branded apartments of Grand Marina were purchased by customers of the Asia Bankers Club with a starting price of $1 million, equivalent to a unit price of $18,000 per square metre. This price is significantly higher than other luxury apartments in Ho Chi Minh City with an average price of nearly $7,000 per sq.m, according to CBRE Vietnam’s 2020 Real Estate Market Spotlight.
Artist’s impression of Grand Marina, Saigon designed to Marriott standards
However, this price is comparable to those of branded real estate projects in the region such as The Residences at Mandarin Oriental in Bangkok and The Residences at the St. Regis Singapore. On the other hand, compared to Hong Kong – one of the most expensive housing markets in the world – this price is significantly lower than the unit price of the city state’s l ....

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Coronavirus pandemic sapped Hong Kong buyers' appetite for Greater Bay Area houses as investment fell 40 per cent last year


Coronavirus pandemic sapped Hong Kong buyers’ appetite for Greater Bay Area houses as investment fell 40 per cent last year
Hongkongers spent some 30.9 billion yuan (US$4.7 billion) on new homes in the bay area, 40 per cent lower than the previous year, Centaline data shows
Property transactions will rise by 25 per cent to 200,000 deals this year once cross-border travel resumes, Centaline’s Andy Lee says ....

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