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[2009-05-18] Vietnam to assess land use next year
Vietnam to assess land use next year
(Listed May 18, 2009)
The Vietnam government has ordered officials to investigate how land is being used nationwide and suggest solutions to deserted and vacant plots.Over a 10-month period next year, officials will tally the total area of land allotted for use by the government, including that of administrative agencies, and the land area actually in use. The study will conclude by the end of next October.The mission aims to evaluate and improve land mana... |
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[2009-05-18] Investors see retail sector as most attractive
Investors see retail sector as most attractive
(Listed May 18, 2009)
With Viet Nam trying to escape the economic crisis, investors are now putting their confidence in the retail sector.A recent study carried out by the consultancy firm Grant Thornton Vietnam titled Private Equity-Vietnam Investment Environment and Outlook Survey shows that 70 percent of the respondents saw retail as an appealing sector when asked to rank the attractiveness of selected industries within Viet Nam for private eq... |
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[2009-05-18] Office rents tumble in first quarter
Office rents tumble in first quarter
(Listed May 18, 2009)
Office rents in Ho Chi Minh City fell as much as 20 percent in the first quarter, as new office buildings became available in a disinterested market, according to the latest report from real estate services provider CB Richard Ellis (CBRE) Vietnam.The average rent on Grade A offices in HCMC in the first quarter was US$57.30 per square meter, 20 percent lower than at the end of 2008, CBRE said in its quarterly report.Rents on high-end ... |
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[2009-05-18] Pedestrian footbridges to ease Ha Noi traffic jams
Pedestrian footbridges to ease Ha Noi traffic jams
(Listed May 18, 2009)
Up to 19 footbridges will be built in the city next year to reduce pedestrian accidents and case traffic congestion.According to the Department of Transport director, Nguyen Quoc Hung, the footbridges will be built over streets and intersections where the most accidents occur and traffic is at its busiest. The roads include: Giang Vo-Lang Ha, Chua Boc-Thai Ha, Hoang Quoc Viet and Dai Co Viet. Other footbridges will be bu... |
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[2009-05-18] Nha Viet opens realty exchange in South Saigon
Nha Viet opens realty exchange in South Saigon
(Listed May 18, 2009)
Nha Viet Trading, Construction, Investment Joint Stock Co. on Friday opened a realty exchange center in Saigon South area in HCMC's District 7.The facility at 954A Huynh Tan Phat Street in Tan Phu Ward introduces property projects in the city, engages in the trading of properties in districts 1, 4, 7, 9 and Phu My Hung new urban town, and provides brokering, price valuation, construction design and legal consulting services.... |
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[2009-05-16] Property network to help investors
Property network to help investors
(Listed May 16, 2009)
A network of real estate trading floors in the north which opens in Ha Noi today was tipped to be a strong force in the domestic market.Establishment of the network was based on five firms, including Viet Nam Vreex Real Estate Trading Floor Joint Stock Company, Housing Group, Viglacera Land, Thang Long Aviation Service Joint Stock Company and Eurowindow Holding.The network's management board would be responsible for organizing activitie... |
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[2009-05-16] Real estate market heats up as prices fall
Real estate market heats up as prices fall
(Listed May 16, 2009)
The soft-price property market in Ha Noi and HCM City has been heating up lately, with increasingly successful trading and growing demand among buyers."The residential market is improving because a large volume of mid-income people have found current prices much lower than the overheated prices from 2006-07," said Pham Si Liem, vice chairman of Viet Nam Federation of Civil Engineering Associations."Everyone is trying to manage th... |
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[2009-05-16] City residents ditch flats as villa rental costs drop
City residents ditch flats as villa rental costs drop
(Listed May 16, 2009)
Rent for villas in HCM City dropped recently due to oversupply and the world recession.In the south of H
CM City, rent has dropped by around US$500 per month. The cost to hire a fully-equipped 126 sq.m two-floor villa in District 7 fell from $2,000 to $ 1,500 per month.Quitting apartments"At the beginning of 2008, it cost $3,000 to hire a 100 sq.m luxury apartment in the Phu My Hung area, but now you can get a 300 sq... |
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[2009-05-15] Real estate trading floors – old wine in new bottle
Real estate trading floors – old wine in new bottle
(Listed May 15, 2009)
Most real estate trading floors are still in their infancy, which explains why they remain unprofessional.A lot of real estate trading floors have been established recently, with 10 trading floors set up in the last four months alone. However, the majority of the floors are not much different from real estate brokerage centres in the past. Therefore, analysts are calling the trading floor... |
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[2009-05-15] HCM City to turn rubbish dump into golf course?
HCM City to turn rubbish dump into golf course?
(Listed May 15, 2009)
Da Phuoc dumping ground, around 20km from HCM City’s hub, will become a golf course with luxurious entertainment facilities.This is the city’s bold project to deal with a huge waste dump, a big threat to the environment, which has existed for dozens of years. However, the golf course is still 23 years away.“After the duration of 23 years, we will close this rubbish dump to build a golf ... |
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[2009-05-15] Delayed highway project gets cash injection
Delayed highway project gets cash injection
(Listed May 15, 2009)
The Ministry of Finance on Wednesday announced a VND2 trillion (US$114 million) injection for a long-delayed and cash-strapped highway project near Ho Chi Minh City.The Ho Chi Minh City–Trung Luong Highway project, linking HCMC’s outlying Binh Chanh District and Chau Thanh District in the Mekong Delta province of Tien Giang, started in late 2004 and was originally scheduled for completion i... |
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[2009-05-15] Spanish firm sets up branch in town
Spanish firm sets up branch in town
(Listed May 15, 2009)
Spanish-based company Global Architecture Local Office, better known as Galo Architects, yesterday launched a branch office in HCMC, officially marking its presence in the market with services of architecture and town planning.Carlos Garcia Lorente, general director of Galo Architects, said that what made the company chose HCMC to set up office in the Asian region was the high potential in the property market here i... |
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[2009-05-14] Savills launches property trading floor
Savills launches property trading floor
(Listed May 14, 2009)
The real estate service provider Savills Vietnam has launched a trading floor in the capital city of Hanoi after getting a license late last month, becoming the first foreign-owned firm in Vietnam to receive a nationwide trading floor license.Brett Ashton, managing director of Savills Vietnam, said the real estate trading floor, which is located at the Pacific Place building on Ly Thuong Kiet Street in Hoan Kiem District, would fac... |
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[2009-05-14] Retail sector most attractive, survey finds
Retail sector most attractive, survey finds
(Listed May 14, 2009)
Retail is the most attractive industry for many investors since the government is liberalizing the industry, a Grant Thornton Vietnam survey has found.Around 70 percent of respondents ranked retail as “attractive,” the market researcher said in the survey released Monday.“The robustness of Vietnam’s domestic economy and the opportunities that will arise as this sector is liberalized f... |
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[2009-05-14] The Estella comes to Life!
The Estella comes to Life!
(Listed May 14, 2009)
Keppel Land Estate Pte Ltd, a wholly-owned subsidiary of Keppel Land Limited (Keppel Land) of Singapore, and its joint venture partner Tien Phuoc Co, Ltd have decided to offer new buyers at The Estella until 2012 to pay off their homes! Their approach is to offer quality products at a reasonable price and rather than discount they have decided to extend payments with 20% being paid in 2009 and the remainder of 80% paid in 2012. This year s... |
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