News roundup: Vietnam’s manufacturing, real estate benefit from FDI, and more news

For PropertyGuru’s real estate news roundup, Vietnam’s manufacturing and real estate industries benefit from foreign direct investments. In other headlines, land supply may limit Australia’s data centre growth. And presenting eight of the finest housing developments in Bangkok.

Foreign direct investment flows strongly into Vietnam’s manufacturing, real estate

Vietnam’s industrial real estate industry is expected to continue its strong growth trajectory due to foreign direct investment (FDI) inflows benefiting from tax incentives.

VietnamPlus reports that according to the General Statistics Office (GSO), the total FDI disbursed in Vietnam in the first four months of this year reached an estimated USD6.28 billion, up 7.4 percent year on year, the highest four-month amount in the past five years.

The processing-manufacturing sector saw the largest amount at USD4.93 billion, accounting for 78.5 percent of the total FDI disbursed in the country. It was followed by the real estate business at USD607.6 million, accounting for 9.7 percent.

Cushman & Wakefiled, JLL find land supply limiting Australia’s data centre growth

Property developers and investors are watching closely as different cities begin to emerge as the winners of a global data centre race.

Australia’s own data centre market has managed to keep pace with international counterparts, with Sydney ranked ninth among other established data centre markets, according to the Global Data Centre Comparison report by Cushman & Wakefield.

While the report showed Australia was performing strongly, it also highlighted one of the major risks to further development the nation faces over the years ahead.

Hong Kong and Singapore, which remain among the top Asia Pacific data centre markets, have fallen in global significance due to land supply, according to the report. In contrast, nearby Johor, in Malaysia, and Batam, in Indonesia, are rising in the ranks due to their proximity to Singapore and the amount of land available to build new data centres.

Land supply, as well as construction blow over times, were already having a major impact on local data centres, and local developers and operators including NextDC have begun to notice.

“They’re not making any more land … we know that in every major market in the world old industries must die to give way to new ones,” Craig Scroggie, chief executive of NextDC, said in realcommercial.com.au.

8 of the finest housing developments in Bangkok

There’s a noticeable shift towards low-rise housing in Bangkok, reflecting a growing preference for more spacious, adaptable, and private living spaces. This trend is more than a mere aesthetic shift; it signifies a deeper change in lifestyle preferences, with a heightened demand for homes that offer functionality, privacy, open green spaces, wellness amenities, and advanced technological features.

In response, developers in Bangkok are keenly focusing on launching low-rise housing developments. They are also strategically clearing existing inventories in the downtown condo market, paving the way for fresh projects tailored to current market needs, especially in the latter half of the year.

From the ultra-modern 95E1 by SC Asset Corporation PLC (Best Ultra Luxury Housing Development [Bangkok] award at the PropertyGuru Thailand Property Awards 2023) to the serene Park Heritage Pattanakarn (Best Luxury Housing Development [Bangkok], Best Luxury Housing Architectural Design, and Best Housing Development [Thailand]), and from the innovative designs of The Arbor Donmueang-Chaengwatthana (Best Housing Development [Bangkok]) to the elegant Cherea Vicinity Ratchaphruek-Jetsadabodin (Best Housing Development [Greater Bangkok] and Best Housing Landscape Design [Bangkok]), DDproperty presents some of the latest high-profile properties standing out in a city that’s constantly evolving.

The Property Report editors wrote this article. For more information, email: [email protected].