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[2009-08-13] Housing supply forecast to increase significantly
Housing supply forecast to increase significantly
(Listed Aug13, 2009)
Real estate developers all have predicted that housing supply will be really big in the time to come, and give people more opportunities to purchase products suitable to their financial capabilities. Nguyen Van Minh, Secretary General of the Vietnam Real Estate Association, said that with the Government’s demand stimulus package, a lot of real estate projects have been implemented, which will lead to the hi... |
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[2009-08-12] Quang Nam to relocate 19,000 homes in storm-prone areas
Quang Nam to relocate 19,000 homes in storm-prone areas
(Listed Aug12, 2009)
Nearly 19,000 households in the central province of Quang Nam will be resettled out of the flood-prone areas by 2020, local authorities have announced. Quang Nam People’s Committee chairman Le Minh Anh said the 12-year project had been approved by the Government, with the VND4 trillion (US$222 million) budget to come from both State and provincial sources. The relocation would be carried out in two pha... |
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[2009-08-12] Homes escape credit squeeze
Homes escape credit squeeze
(Listed Aug12, 2009)
Answering concerns that banks would tighten up on real estate loans in the wake of the central bank’s reduction of its annual credit growth targets, banks are saying that loans would only be harder to come by for real estate speculators and not for ordinary people seeking mortgages. The State Bank of Viet Nam recently cut annual credit growth targets from 30 percent to 25-27 percent. Actual bank lending in the first half of... |
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[2009-08-12] Auckland house prices tipped to rocket
Auckland house prices tipped to rocket
(Listed Aug12, 2009)
Auckland house prices will rise by almost 30 per cent in the next three years putting the city ahead of every other region in New Zealand, a study predicts. The Infometrics study forecasts annual price growth of 9.8 per cent next year but 9.2 per cent annually overall between now and 2012. Auckland's coming rise would be fuelled by the city being the largest in New Zealand, with a rising population and a limited supply... |
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[2009-08-12] Inspectors request probe into HCMC beltway project
Inspectors request probe into HCMC beltway project
(Listed Aug12, 2009)
Construction Ministry inspectors said Monday they were seeking a permit to investigate a major road project in Ho Chi Minh City to find out why the plans had been modified from the original. “I don’t understand how they [the HCMC administration] could bend a straight road [in the design],” the ministry’s chief inspector Pham Gia Yen said. He said the inspectors would ask for permissi... |
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[2009-08-12] Crucial road project to get goods moving
Crucial road project to get goods moving
(Listed Aug12, 2009)
The expansion of a major arterial road is expected to ease the flow of goods in the southern region. The expansion of National Road 51, which broke ground last week, will provide access to the Cai Mep-Thi Vai port complex when it is fully operational in two years. The road, linking Dong Nai and Ba Ria-Vung Tau provinces, is one of the southern region’s busiest roads and links industrial parks in Dong Nai and B... |
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[2009-08-12] U.S. home prices fall, but rate slows
U.S. home prices fall, but rate slows
(Listed Aug12, 2009)
The value of U.S. homes fell by 12.1 percent in the second quarter from a year earlier, but the rate of decline shrank for the first time since prices began to fall in 2007, real estate website Zillow.com said on Tuesday. Even so, stabilization of the hard-hit housing market, which is seen as key to an economic recovery in the United States, is not yet in view, with mounting foreclosures and a high level of "underwater"... |
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[2009-08-12] Hanoi to inspect four golf-course projects
Hanoi to inspect four golf-course projects
(Listed Aug12, 2009)
Of 19 golf course projects in Hanoi, four projects that would claim large areas of rice field and crop area have been singled out for special investigation. The latest statistics show that the total area for 19 golf projects in the expanded Hanoi (eight in the old Hanoi, 10 in the former Ha Tay and one in Me Linh district), is 6,690 hectares. Of the area, around 450 hectares is rice field, 1300 hectares ponds and l... |
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[2009-08-11] Study on express railway to Mekong Delta okayed
Study on express railway to Mekong Delta okayed
(Listed Aug11, 2009)
A new feasibility study on an express railway link to connect Ho Chi Minh City and Can Tho in the Mekong Delta will go ahead after the Prime Minister gave permission for the extension of the trans-Viet express railroad project. According to the People’s Committee of Can Tho City, the Mekong Delta section of the North-South Express Railway will start from HCMC and pass through Can Tho and extend to the southern... |
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[2009-08-11] IMF warns Oz property prices are too high
IMF warns Oz property prices are too high
(Listed Aug11, 2009)
Residential property prices in Australia are overvalued by as much as 20% and could end up plunging the country into recession and bring massive losses to the banks, according to a new report from the International Monetary Fund. In recent months the property market in Australia has been recovering with an increase in prices and sales. But the IMF's annual review of the Australian economy identifies high levels of mortga... |
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[2009-08-11] Major Gulf developer admits a fifth of investors on flagship project are behind wit
Major Gulf developer admits a fifth of investors on flagship project are behind with payments
(Listed Aug11, 2009)
Around 20% of property investors with Abu Dhabi based Hydra Properties are struggling to meet payments on its flagship development, the company has admitted. The property company has been dogged by complaints from investors that its $545 million Hydra Village project is well behind schedule and prices increases have been imposed without consultation. They are also furiou... |
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[2009-08-10] $200-mln resort owner asked not to hurt forest
$200-mln resort owner asked not to hurt forest
(Listed Aug10, 2009)
The People’s Committee of Quang Nam Province said Friday that it had approved a 675-hectare resort project in Phu Ninh District, but local agencies warned investors not to hurt the local ecosystem. The US$200 million project is owned by Ho Chi Minh City’s Hung Cuong Trading Joint Stock Company. It will be developed in seven years, with construction slated to begin in the fourth quarter of this year. The ... |
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[2009-08-10] Gold likely to touch $1,000 an ounce at year end: experts
Gold likely to touch $1,000 an ounce at year end: experts
(Listed Aug10, 2009)
Gold prices will rise to US$1,000 per ounce at the end of this year, experts predict. “Investors expect the precious metal will rise above the resistance level of $980 an ounce,” said Nguyen Thi Cuc, deputy general director of Phu Nhuan Jewelry Joint Stock Co. “Gold will likely to jump to $1,000 an ounce if global demand for bullion increases and the US dollar is weaker in the last quarte... |
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[2009-08-10] Project of My Phuoc – Tan Van street starts by August 7th
Project of My Phuoc – Tan Van street starts by August 7th
(Listed Aug10, 2009)
Morning of August 5th, Provincial People’s Committee had a working session with Department of Traffic and Transportation who is investing to site clearance and compensation preparing for My Phuoc – Tan Van traffic project and others. As reported, some 395 households were checked to prepare the construction of the street from My Phuoc to Tan Van, crossing Thu Dau Mot town. Meanwhile, Thu D... |
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[2009-08-10] Thai real estate giant invests in seaport city
Thai real estate giant invests in seaport city
(Listed Aug10, 2009)
The second largest housing developer in Thailand, Preuksa Real Estate Plc (PS), is expected to pool capital with a Vietnamese group to establish a Haiphong-based joint venture that specializes in constructing houses for middle income earners. The Bangkok Post quoted PS executive manager, Thongma Vijitpongpun, as saying that the firm will offer high-quality, well-designed accommodation to attract Vietnamese customers.... |
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