Real estate developer Nomura Real Estate Asia Pte., Ltd., a subsidiary of Nomura Real Estate Holdings, has completed the purchase of a 24% stake in Sun Wah Tower where 85% of the floor area is hired by foreign investors.
X2 Hoi An Resort & Residence, a luxury hotel and villa project located on the beautiful Coco Riverside in Dien Ban district, central Quang Nam province and developed by the MIVI JSC, will be ready for inspection in July and customers will receive the fully-furnished units from the first quarter of next year.
High-end apartment segment is currently seeing a race between property investors and ever-expanding supply. According to a real estate company’s report, Q1-2018 in Hanoi records 8,800 apartments launched for sale from 39 projects. Forecasting the trading volume of apartment segment, they said that Hanoi in 2018 will witness 28,000 units being successfully sold, up 9pct year-on-year. With strongly-increased supply, a real estate expert is recommending home-buyers to pay attention to geographical location, prices, surrounding utilities, as well as to study more on projects and investors’ reputation.
Co-working spaces creating a vibe
Co-working spaces starting to pop up around Hanoi and HCMC wherever location permits. It was 6pm on April 13th on the second floor of Indochina Plaza Hanoi and dozens of people were taking photos at the opening of naked Hub, a space for Vietnamese culture, brilliantly lit by color and light. Most were surprised by the design before realizing it’s a co-working space. Asia’s premium co-working brand naked Hub opened its first center in Vietnam on a gross floor area (GFA) of 2,244 sq m, 33 per cent of which is public space. Facilities include a living room/bar, a lounge, meeting booths, phone booths, a pantry, meeting rooms, nap booths, and showers.