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Tag Archives: HCMC

HCMC upscale apartment sales much higher than Hanoi

Apartment buildings seen from below in Ho Chi Minh City, Vietnam.

Premium and luxury apartments in HCMC are seeing high absorption rates while those in Hanoi get few takers. Realtor Vietnam, an association of Vietnamese real estate developers, said in a newly-released report that the absorption rate of premium apartments in Hanoi was 13 percent in the third quarter, while it …

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Expert proposes expanding HCMC to neighboring province

Traffic congestion is an unresolvable issue in HCMC

Given the rapid population growth and tough challenges facing urban development in HCMC, a planning expert has suggested expanding the city to encroach on neighboring Long An Province. Speaking at a workshop on the urban management of HCMC today, October 11, Architect Tran Ngoc Chinh, president of the Vietnam Urban …

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The hot market for bottled drinks

The bottled drink market is getting hotThe bottled drink market is getting hot

The domestic bottled drink market is getting ‘scorching hot’ because of the increasingly high demand for drinks that are good for health. Retailers say that food and drinks are two categories of products witnessing stable sales growth. It is estimated that bottled drink products are found in 4-5 out of …

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Airbnb looms as major threat to HCMC hotels: study

Residents taking pictures of buildings in Ho Chi Minh City over the Saigon River

CBRE Vietnam’s HCMC property market report for the third quarter reveals that Airbnb is becoming a formidable competitor to traditional players. Hotel and serviced apartment tariffs outside the city center are leveling off and on the brink of declining as a result of competition from apartments leased on Airbnb and …

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In HCMC, public disdains buses despite huge subsidies

Public buses are stuck in traffic in Ho Chi Minh City.

HCMC annually spends tens of millions of U.S. dollars on bus fare subsidies, but faces a seemingly irreversible fall in passenger numbers. Le Ngoc Thuy Trang, deputy director of the city’s Department of Finance, said the number of passengers in the first half of this year was only 96 million, …

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Illegally sold prime land plot to be repossessed, auctioned by city

The plot of prime land at 8-12 Le Duan Street, HCMC, will be auctioned.

HCMC authorities are set to repossess and auction a 5,000-square-meter plot of prime land that had been sold illegally by local officials. After the Government Inspectorate uncovered the fraud, city authorities said they would take disciplinary action against all individuals and organizations, including retired officials, for illegally selling the land …

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Huge HCMC urban area back on front burner after long delay

The project is in a prime location of Phuoc Kien Ward, Nha Be District.

HCMC authorities might auction a huge, long-delayed mixed-use property development which will also include a golf course. They are considering putting the sport, entertainment and residential project in a prime location of Phuoc Kien Ward, Nha Be District, under the hammer following a recent petition to do so by the …

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