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[2009-08-04] Prime Minister approves new bids for
Prime Minister approves new bids for "golden triangle"
(Listed Aug 4, 2009)
The Prime Minister has approved a request from the HCM City People's Committee to accept new bids on a section of highly valuable land in District 1 known as the "golden triangle". The 13,000sqm land is surrounded by Pham Ngy Lao - Nguyen Thai Hoc - Tran Hung Dao streets. On December 17m 2007, the Thai Son joint venture won the right to put the land into use after bids were received. However, in May this ye... |
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[2009-08-04] House prices 'to recover slowly' in England
House prices 'to recover slowly' in England
(Listed Aug 4, 2009)
House prices in England will fall this year and next before recovering, the National Housing Federation forecasts. It expects prices to fall 12.2% in 2009 and 4.6% next year, before stabilising in 2011 with a 1.1% rise and continuing to climb in the following years. It predicts that, by 2014, house prices will be 20% higher than current values. But the group, which represents housing associations, said English homeowners... |
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[2009-08-03] HCM City apartment prices fall
HCM City apartment prices fall
(Listed Aug 3, 2009)
Apartment prices in HCM City are at their lowest levels of the last several years, real estate agencies have said. Medium- and high-priced apartments are being offered for much lower rates than six months ago. Tran Quang Binh, owner of a real estate brokerage office in District 7, said rates on an upscale apartment building in District 7's Sai Gon South had dropped dramatically. The Him Lam Riverside project in District 7's Tan Hun... |
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[2009-08-03] Prime Minister gives nod to int’l border-gate city in Quang Ninh
Prime Minister gives nod to int’l border-gate city in Quang Ninh
(Listed Aug 3, 2009)
A project to upgrade the Mong Cai international border gate city in northern Quang Ninh province has been approved by Prime Minister Nguyen Tan Dung. According to Decision No 99 issued on July 29, the current Mong Cai city will be turned into a second-tier Vietnamese city by 2020, with modern trade centres, retail malls and an integrated infrastructure system. From now until 2020, resources will be... |
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[2009-08-03] Capital shortage hinders social housing development
Capital shortage hinders social housing development
(Listed Aug 3, 2009)
Capital shortage is impeding low-priced housing development, said Vu Thi Hoa, deputy head of the House and Real Estate Market Department of the Ministry of Construction. Many enterprises have shown interest in housing projects for low- and middle-income people. However, Hoa said at a seminar on Vietnam's real estate market on Saturday that many obstacles remained. Though the social housing development policy ca... |
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[2009-08-03] Vietcomreal opens property exchange center
Vietcomreal opens property exchange center
(Listed Aug 3, 2009)
Viet Commercial Real Estate Joint Stock Co., or Vietcomreal, inaugurated a realty exchange center at 132-134 Dien Bien Phu Street in HCMC's District 1 on Saturday to provide property services besides investment and development for construction projects. The center is well equipped with facilities and experienced staff to provide marketing, brokerage, consultancy, advertising and management services, said director Nguyen ... |
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[2009-08-03] Scenarios for developing shopping centers
Scenarios for developing shopping centers
(Listed Aug 3, 2009)
Unlike offices for lease, retail premises in central HCM City still enjoy whopping rentals, and retail infrastructure still triggers heated debate. Consumers in major cities lend to visit high-end commercial centers, the domain of global brands. According to Mark Farquhar, business director of Savills Vietnam, this trend is extremely pronounced in countries with a predominantly young population, like Vietnam. In "An over... |
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[2009-08-03] Road builder begins to widen National Highway 51
Road builder begins to widen National Highway
(Listed Aug 3, 2009)
Bien Hoa-Vung Tau Expressway Development JSC (BVEC) yesterday kicked off expansion of a road linking Dong Nai and Ba Ria-Vung Tau provinces to ensure a better flow of goods in the southern focal economic zone. National Highway 51, running from T-junction at the Dong Nai Bridge to Vung Tau City, will be widened to eight lanes at a total cost of VND3.2 trillion (US$177.7 million). Speaking at the groundbreaking ceremo... |
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[2009-08-03] An Khang high-rise condo building inaugurated
An Khang high-rise condo building inaugurated
(Listed Aug 3, 2009)
Housing Investment and Trade Corporation (Intresco) on Saturday inaugurated and handed over condos of the An Khang building in HCMC's District 2. Located on over 9,600 square meters in the An Phu-An Khanh new urban area, the project includes two 20-story buildings with 288 luxury condos priced from VND23 million per square meter. The An Khang building also includes a shopping center, offices and public services. The i... |
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[2009-08-03] Mở ngân hàng ở Campuchia: Phương án nào để thâm nhập?
Mở ngân hàng ở Campuchia: Phương án nào để thâm nhập?
Thứ 2, 03/08/2009
Sau Agribank và Sacombank, BIDV mới hoàn thành cú “đúp” khi vừa mở đại diện, vừa “mua đứt” một ngân hàng tư nhân tại Campuchia.
Một số ngân hàng ngân hàng thương mại cũng đang ngấp nghé thị trường này nhưng l... |
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[2009-08-03] Quang Ngai licenses projects
Quang Ngai licenses projects
(Listed Aug 3, 2009)
The central Quang Ngai Province issued licenses for eight projects involving a total investment of VND6.71 trillion (US$376.9 million) last Friday. They are in urban and industrial infrastructure, energy, housing, and tourism. The Dong Nai Province-based Tan Mai Group will set up a wood processing and paper factory at a cost of VND2 trillion. Two local companies, Truong Phat Loc and Ngoc Viet, have applied to dredge estuaries at a cos... |
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[2009-08-01] Chan May-Lang Co EZ attracts VND 31 trillion
Chan May-Lang Co EZ attracts VND 31 trillion
(Listed Jul 01, 2009)
The Chan May-Lang Co Economic Zone (EZ) has, since its inception attracted 33 projects with a total registered capital of over VND 31 trillion (nearly US$1.9 billion). According to the Zone Management Board’s report released on July 30, the investment capital includes US$1.4 billion from 10 foreign-invested projects. The economic zone, established under the Prime Minister’s Decision 04/2006/QD-TTg, covers ... |
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[2009-08-01] Leading property firm breaks into Vietnam market
Leading property firm breaks into Vietnam market
(Listed Aug 1, 2009)
Leading Singapore-based property firm, Frasers Hospitality Pte Ltd, has penetrated the Vietnamese housing market, by opening its first property in the country, the Fraser Suites Hanoi.The 170-unit Fraser Suites Hanoi is located in the Westlake district. Views from the top floors of the 25-story building span across the entire city, including the lake and the Red River.With the opening today of Fraser Suites Hanoi, the compa... |
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[2009-08-01] An Duc to arrange big real estate summit
An Duc to arrange big real estate summit
(Listed Jul 01, 2009)
An Duc Advertising Company has become the official agent in Viet Nam for MIPIM Asia, the organizer of the Asia-Pacific region's major real estate summit and exhibition. The local firm will be responsible for all products sales and processing details related to the MIPIM 2009 Real Estate Fair in November in Hong Kong. MIPIM's annual real estate fair is a marketplace to introduce developing real estate projects and an oppor... |
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[2009-08-01] China housing market recovery not a ‘bubble’
China housing market recovery not a ‘bubble’
(Listed Jul 01, 2009)
China’s real estate market recovery will be driven by domestic demand and isn’t in a “bubble,” according to CapitaLand Ltd., a Singapore developer whose China operations were its only profitable unit last quarter. Most buyers for their residential projects are home buyers, Liew Mun Leong, Chief Executive Officer at the Singapore-based developer said in an interview yesterday. &ldqu... |
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