News roundup: Vietnam Deputy PM calls for better solutions to address natural disasters, plus other news

For PropertyGuru’s news roundup, Deputy Prime Minister Tran Luu Quang of Vietnam calls for better solutions and regulations to minimise damage caused by natural disasters. In other updates, keep your basement cool during the hot months in India with the following effective tips. And JLL’s global chief executive says only the best green buildings will thrive in the future.

Vietnam’s Deputy PM urges more accurate, timely forecast to minimise damage from natural disasters

Diversifying communications methods to enhance public awareness of natural disaster prevention and control, and ensuring accurate and timely forecasts are among solutions to minimise damage caused by natural disasters, Deputy Prime Minister Tran Luu Quang said while chairing a national conference on natural disaster prevention and control, search and rescue in 2024 held in Hanoi on 10th May.

Deputy PM Quang, who is Chairman of the National Steering Committee on Natural Disaster Prevention and Control, noted that despite many kinds of natural disasters in 2023 and the first months of 2024, damage caused by the disasters has been reduced, showing the effective efforts of ministries, sectors, and localities, especially stronger performance in forecasting, and the timely adjustments of regulations related to natural disaster prevention and control.

However, VietnamPlus reports that the Deputy PM pointed to several outstanding problems in the work, including inadequate preparations for the stormy season, outdated relevant legal regulations, and limited resilience against natural disasters.

He requested ministries, sectors, and localities continue reviewing and completing the organisation of their steering committees for national disaster prevention and control and civil defence at all levels while perfecting legal regulations in the work and well preparations before the stormy season.

Best tips for cooling your basement in India

When the Indian summer heat starts climbing, basements can offer a cool refuge. However, if your basement isn’t set up to stay cool, it can become just as stuffy and uncomfortable as the rest of your house. Keeping your basement cool not only makes it a more pleasant area but can also help in reducing your overall home cooling costs. Housing.com offers effective tips for keeping your basement cool during the hot months in India.

There is no future for buildings that are not green, says JLL boss Christian Ulbrich

Global property markets are headed into a “new normal” where the base for a recovery in office values is being established as large companies are again taking up space in the wake of the pandemic.

The global chief executive and president of real estate agency JLL, Christian Ulbrich, says in realcommercial.com.au that multinational corporations with operations around the world have worked out their needs and investors are getting back in the market.

His upbeat view comes with a caution that only the best green buildings will thrive in the coming period and markets still must face a workout of commercial real estate debt globally, which could lap up against Australian shores.

Mr. Ulbrich, visiting Sydney from his base in Germany, said that his global outlook was positive, particularly when looking at the prospects of markets such as India, which he compared to China before its rapid industrialisation.

The crisis that swept through real estate during the pandemic had an even larger impact than the global financial crisis due to the big switch to working from home, combined with interest rate spikes, Mr. Ulbrich said.

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