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[2009-05-31] Landlords, tenants spar over padded rents
Landlords, tenants spar over padded rents
(Listed May 30, 2009)
While a lot of companies and enterprises want to lease offices in the capital, estimates put the unoccupied office area at more than 10 percent of the space available.The supply doesn't meet demand because landlords are reluctant to accommodate customers wanting sweeter leasing fees during the financial recession.Thu Le, a city media company executive, has tried to lease 500-600sq.m of office space for $20 per square metre. Her de... |
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[2009-05-31] Lawmakers disagree over allowing more no-bid contracts
Lawmakers disagree over allowing more no-bid contracts
(Listed May 30, 2009)
The National Assembly debated fiercely a proposal that would allow more project investors to award no-bid contracts yesterday.Current regulations allow investors to assign no-bid contracts on projects with investment of less than VND1 billion (US$56,275). But the new proposal would allow the government to raise that amount.Deputy Tran Ngoc Vinh of Hai Phong City vehemently opposed the idea. Vinh said regulations shoul... |
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[2009-05-29] New comers, new competitors for serviced apartments
New comers, new competitors for serviced apartments
(Listed May 29, 2009)
Market research companies have released reports, saying HCM City property market in different segments witnessed a decline in the first quarter of this year given the economic downturn. However, compared to other sectors, the serviced apartment market has seen continued stability thanks to limited supply. There is expectation that performance will be impacted as some large mixed use projects in the pipeline complete and ... |
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[2009-05-29] Binh Duong's five units register to construct housing projects for students, worker
Binh Duong's five units register to construct housing projects for students, workers
(Listed May 28, 2009)
Early May 26, the Ministry of Construction forwarded an online meeting on policies promoting the housing development among students, workers at concentrated IPs and low-income people in reference to the Government’s Resolution No.18.According to Deputy Minister of Construction Nguyen Tran Nam, nearly 20 housing projects for the above-mentioned people will start construct... |
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[2009-05-29] Danang to build 7,000 apartments
Danang to build 7,000 apartments
(Listed May 29, 2009)
Authorities of the central coast city of Danang are mulling a plan to build 7,000 apartments for low-income families in the city from now to 2010.The city says it will spend VND1.7 trillion developing five to seven floor buildings including essential infrastructure.The developer said each VND200 million unit will be between 50 and 70 square meters.According to the program, qualified buyers include dislocated families, state employees, indu... |
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[2009-05-29] Drain the swamp of red tape
Drain the swamp of red tape
(Listed May 29, 2009)
The government is seeking National Assembly approval for a major overhaul of Vietnamese laws intended to cut bureaucratic licensing procedures significantly.A survey by the Ministry of Construction last year showed that it takes the average construction project a whopping three years to receive the average 33 licenses needed.Many of these licenses are not regulated by the central government but are instead the whims of local authorities.Such pe... |
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[2009-05-29] Building industry set for clean-up
Building industry set for clean-up
(Listed May 29, 2009)
Experts from the Ministry of Construction and the British Department for International Development worked here yesterday on an initiative to provide more financial transparency in the construction industry.Le Van Lan, director of the Steering Committee on Anti-Corruption's General Affairs and International Co-operation Department, said the construction industry played a vital role in the Vietnamese economy.However, investment in the indu... |
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[2009-05-29] Construction investment procedures synchronised
Construction investment procedures synchronised
(Listed May 29, 2009)
The Minister of Planning and Investment, Vo Hong Phuc, yesterday presented to the National Assembly a bill revising six laws relating to capital construction investment.The laws to be amended included those on Construction, Bidding, Enterprises, Environment Protection, Land and Housing.The proposed changes aimed to tackle obstacles puzzling investors, ministries and agencies in capital construction, particularly problems rel... |
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[2009-05-29] Spain to help city build subway
Spain to help city build subway
(Listed May 29, 2009)
Spain may provide HCMC with 200 million euro to build a subway and this can be decided in the next few days when city vice chairman Nguyen Trung Tin visits Barcelona.Speaking to Spanish ambassador to Vietnam Maria Soledad Fuentes yesterday, city chairman Le Hoang Quan said he hoped the Spanish government would finance construction of the whole route and even two others.Quan said, "200 million euro is enough to build about 10 kilometers of t... |
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[2009-05-29] Drain the swamp of red tape
Drain the swamp of red tape
(Listed May 29, 2009)
The government is seeking National Assembly approval for a major overhaul of Vietnamese laws intended to cut bureaucratic licensing procedures significantly.A survey by the Ministry of Construction last year showed that it takes the average construction project a whopping three years to receive the average 33 licenses needed.Many of these licenses are not regulated by the central government but are instead the whims of local authorities.Such pe... |
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[2009-05-28] Hanoi office leasing market: Leasers and customers on unfamiliar terms
Hanoi office leasing market: Leasers and customers on unfamiliar terms
(Listed May 28, 2009)
It is estimated that 10 percent of total office area in the capital city remains unoccupied, while a lot of people are seeking offices to lease. Leasers and customers still cannot come to terms because the former does not want to cut leasing fees while the latter does not want to pay the asked fees.Thu Le, an officer of a media company, said that she is seeking a 500-600 sq m office to lease at $20/sq ... |
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[2009-05-26] Lao Cai, Thanh Hoa attract foreign investors
Lao Cai, Thanh Hoa attract foreign investors
(Listed May 27, 2009)
Investors from Taiwan, Hong Kong, and the US have recently made major investments in the northern border province of Lao Cai and Thanh Hoa Province, also in the north.In Lao Cai, they are set to build a highway to Noi Bai near Hanoi, upgrade the Lao Cai – Hanoi Railway, mine for copper to make electrical cables, and grow safe vegetables for export.Some Taiwanese companies have invested in safe vegetable production... |
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[2009-05-26] Real estate market report (May 8th, 2009 – May 14th, 2009) Trading floors and trans
Real estate market report (May 8th, 2009 – May 14th, 2009) Trading floors and transparency still weak on the property market
(Listed May 26, 2009)
All property transactions must be managed through specific trading floors, following the Property Business Law’s rules which are aiming to enhance the market’s transparency. However, a few factors revealed that this regulation hasn’t been seriously implemented.The Property Business Law came into effect from January 1st, 2007.... |
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[2009-05-26] Developer tees up houses
Developer tees up houses
(Listed May 26, 2009)
In a situation of complaints and criticism from the community about the provincial authorities' licensing of so many golf course projects across the country, a foreign investor has been seeking permission to build "houses for rent and sale" on the land of a licensed golf course project.Noble Assets Pte. Ltd. of Singapore has been seeking to renew the license for the Van Tri Golf Course project which has been implemented by Noble Viet Nam Ltd., a ... |
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[2009-05-26] City construction tempo on the rise
City construction tempo on the rise
(Listed May 26, 2009)
The number of signed private house construction contracts in HCMC has been surging since early this month, according to contractors who said that the stable prices of construction materials has encouraged people to build houses before the heavy rains come."Though construction prices have surged 10% since last month, the demand for building private houses is expected to increase in the coming months," said Le Thanh Cong, vice chairman o... |
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