The Hanoitimes - Core inflation in September picked up 0.14% month-on-month, resulting in an increase of 1.61% year-on-year on average in the January - September period. Vietnam's CPI, a gauge of inflation, saw a sharp increase by 0.59% in September against the previous month, and up 3.98% year-on-year, according to the General Statistics Office (GSO). Illustrative photo. The gauge marked an increase of 3.20% compared to the end of 2017. Ten out of 11 commodity groups, which are components of the basket for CPI calculation, witnessed monthly hikes in prices, of which, education posted the highest increase of 5.07%. Prices of other groups also picked up such as food and catering services (0.44%); foodstuff (0.51%); housing, water and electricity supply, and construction materials (0.2%); culture, entertainment, and tourism (0.09%); beverages and cigarettes (0.09%); household equipment and appliances (0.13%); medicine and healthcare services … [Read more...] about Vietnam consumer prices rise 0.59% m/m in September
House prices rise
Vietnam consumer prices rise 0.45% m/m in August
The Hanoitimes - Increases in pork and vegetables prices were significant in a higher Vietnam`s consumer price index (CPI) in August compared to July. Vietnam's CPI, a gauge of inflation, saw a sharp increase by 0.45% in August against the previous month, and up 3.98% year-on-year, according to the General Statistics Office (GSO). The gauge marked an increase of 2.59% compared to the end of 2017. Illustrative photo. Ten out of 11 commodity groups, which are components of the basket for CPI calculation, witnessed monthly hikes in prices, of which, food and catering service posted the highest increase of 0.87%. The GSO pointed to an increase of 3.41% month-on-month in pork prices and a 2.87% rise in vegetables prices as reason for higher food prices, contributing 0.25 percentage points to a higher CPI. Prices of other groups also picked up such as education (0.46%); foodstuff (0.1%); housing, water and electricity supply, and construction materials … [Read more...] about Vietnam consumer prices rise 0.45% m/m in August
HCMC housing price rises due to specification
There has been an increase in prices of houses and land in the city. The Department affirmed the volatility of housing segment in the property market follows the laws of supply and demand. Notwithstanding, more people bought houses as there has been rise in price of land; consequently, land price has gone up more. Speculation and incorrect information resulted in high transaction value, even 70 percent rise compared to same period last year. The Department said present high land price is in some areas which have poor traffic and infrastructure. Accordingly, in its document to People’s Committee, the Department wants to take steps to curb property bubble in some areas for a transparent and sustainable development of real estate. The Department said in its document that participation of related agencies, local governments and state bank of Vietnam is needed to curb the property bubble. Specifically, the Department of Environment and Natural Resources, the Department of … [Read more...] about HCMC housing price rises due to specification
Housing projects along Saigon metro lines mushrooming
Over 37% of apartment units put up for sale on the HCMC market are situated along Metro Line No.1 which connects Ben Thanh Market in District 1 and Suoi Tien Park in District 9, according to real estate consulting firm Jones Lang LaSalle (JJL). In many countries, metro routes have significant effect on real estate developments, resulting in land prices rising and property projects booming. Especially, retail and office premises are often located further away from the city center. For instance, there have been marked changes in real estate buying behavior and travel habits of residents in Bangkok, Thailand since metro lines came into service. Thais have become dependent on cars instead of motorcycles and they have travelled frequently to suburban areas. Notably, the number of property products along metro routes has increased by an average of 10% compared to other areas. When the first metro line of HCMC comes into operation, it will take around 20 minutes to travel from Suoi … [Read more...] about Housing projects along Saigon metro lines mushrooming
JLL: Housing projects along metro lines mushrooming
JLL: Housing projects along metro lines mushrooming Cao Ban HCMC – Over 37% of apartment units put up for sale on the HCMC market are situated along Metro Line No.1 which connects Ben Thanh Market in District 1 and Suoi Tien Park in District 9, according to real estate consulting firm Jones Lang LaSalle (JJL). In many countries, metro routes have significant effect on real estate developments, resulting in land prices rising and property projects booming. Especially, retail and office premises are often located further away from the city center. For instance, there have been marked changes in real estate buying behavior and travel habits of residents in Bangkok, Thailand since metro lines came into service. Thais have become dependent on cars instead of motorcycles and they have travelled frequently to suburban areas. Notably, the number of property products along metro routes has increased by an average of 10% compared to other areas. When the first metro line of HCMC comes … [Read more...] about JLL: Housing projects along metro lines mushrooming