News

"In November 2020, Savills Vietnam was officially appointed property management team of the Vista Lago low-rise residential area in the South An Khanh urban area of Hanoi. Developed by Song Da Urban & Industrial Zone Investment & Development JSC (SUDICO), Vista Lago is the latest addition to Savills countrywide portfolio of over 100 managed projects."

"Ha Noi grade A office with capitalization rates up to 7%, is under increasing foreign investor attention as performance holds steady during Covid-19."

"Benefits of recent trade agreements, low labor costs and highly appealing incentives are amplifying national appeal and encouraging manufacturers hit by US tariffs to relocate out of China. Local developers are planning more industrial parks to capture this increasing foreign investment and further ramp up appeal."

"Since November 2020, Savills Vietnam has been apointed the official agent for foreign quota sales at The Nine. Located at 9 Pham Van Dong street, The Nine is being developed by GP.Invest Group. The mixed-use project will supply 350 apartments supported by luxury amenities with office space and 6 retail levels. "

"Savills recent whitepaper describes why demand is growing for industrial real estate and what’s behind heightened capital markets activity. Mr. Matthew Powell, Director of Savills Hanoi and Mr. John Campbell, Savills Vietnam Industrial Services Manager, review major market developments over the past 9 months and the outlook for 2021."

"Savills Vietnam has advised on a prime commercial refurbishment in central Hanoi with both Louis Vuitton and Christian Dior leasing flagship stores at the International Centre, in central Hanoi."

"Apartments in suburban area residential projects are currently priced at around 50-60 million VND/m2 and shophouse prices are between 200-300 million VND/m2. With a price sensitive market and lack of Grade A supply, absorption rates and the success in these areas continue to perplex buyers and investors. "

"Savills Vietnam will officially assume operational management of Iris Garden from November 2020. Developed by the Vimefulland Group, Iris Garden is a commercial and residential complex at 119, K2 street, Nam Tu Liem district, Hanoi."

"Total supply reached about 1.8 million square metres, stable on-quarter, but up year on-year, with most new projects in the centre or the West. Post-pandemic, the Hanoi office market is expected to bounce back quicker than Asian peers."

"On 30 September 2020, Savills Vietnam and the Blue Dragon Foundation extended their cooperation supporting educational activities for underprivileged children in Viet Nam. Savills will continue the ‘The Brighter Future’ scholarship program they have sponsored for three consecutive years"