Keppel Land Limited has acquired two residential sites in HCMC with the total development cost of US $297 million, in which the 13-hectare site in Saigon South will be home to 220 landed units and 1,029 condominiums, while the other 6-hectare site in District 9 will comprise 300 landed units. In an effort to recoup its losses throughout 2017, Ninh Van Bay Travel Real Estate JSC, the owner of Six Senses Ninh Van Bay, plans to transfer Six Senses Saigon River which was once put up for sale with the price of US $44 million in 2015 and Emeralda Resort Ninh Binh.

  Six Senses Ninh Van Bay

This enterprise also intends to resurrect the US $53.6 million Ana Mandara Hoi An to reduce its accumulated loss. For an overall picture of the real estate market in 2018, Vietnam continues to see positive signals, driven by economic growth, infrastructure development, blooming tourism, and policy reforms.