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[2010-02-23] Developers rush to build Highlands resorts
Developers rush to build Highlands resorts
(Listed Feb 23, 2010)
Foreign and domestic developers are rushing to build new tourism resorts in the Central Highland province of Lam Dong, especially in Da Lat City, after realising the huge potential of its tourism real-estate sector. From 2003-06, Lam Dong attracted 240 tourism projects worth VND63 trillion (US$3.4 billion). Most were centred around Da Lat City, according to the provincial Department of Culture, Sports and Tourism's Tourism Manage... |
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[2010-02-22] UK property lending hits ten year low
UK property lending hits ten year low
(Listed Feb 22, 2010)
Property lending in the UK was more than fifth lower in January than a year ago, with loans plunging to a ten year low, the latest figures show. Gross lending fell to £9.1 billion in January, a 32% fall from December levels and 21% lower than in January 2009, according to the Council of Mortgage Lenders. While the council said it is normal for lending levels to fall between December and January, lending fell back to its lowest l... |
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[2010-02-22] Vietnam’s real estate project contributes to Laos’ development
Vietnam’s real estate project contributes to Laos’ development
(Listed Feb 22, 2010)
The real estate and golf course project on the outskirts of Vientiane, Laos, funded by Vietnam’s Long Thanh Golf company, aims to implement the Lao Government’s policy to improve the people’s living standard and develop the country, has said Anouphab Tunalom, Vientiane’s Deputy Mayor. On an area of 557.4 hectares, the US$1 billion project, the largest foreign-invested one ... |
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[2010-02-22] Poor planning slows residential upgrades
Poor planning slows residential upgrades
(Listed Feb 22, 2010)
Urban areas throughout the nation now have more than 3 million square metres of residential buildings that are more than 18 years old, a recent survey by the Department of Housing shows. There are some 100,000 households living in these buildings, says the department, which comes under the Ministry of Construction. Ha Noi has some 23 old residential quarters with a total floor area of 1 million square metres, containing more than... |
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[2010-02-22] Prime Minister asks for completion of Can Tho Bridge as scheduled
Prime Minister asks for completion of Can Tho Bridge as scheduled
Prime Minister Nguyen Tan Dung has asked officers and workers who are working at the construction site of Can Tho Bridge to ensure the progress of the work in order to complete the construction before March 30. While visiting construction units for the bridge on February 19, the PM praised efforts by the My Thuan Project Management Board, contractors and workers over the past time. The operation of the Can Tho Bridge will facil... |
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[2010-02-22] JICA speeds up ODA projects in Vietnam
JICA speeds up ODA projects in Vietnam
(Listed Feb 22, 2010)
A representative from the Japan International Co-operation Agency (JICA) has said his agency will accelerate the Japanese ODA-funded projects in Vietnam. According to Tsuno Motonori, JICA Chief Representative in Vietnam, JICA will sign loan agreements for projects to build a new terminal of the Noi Bai International Airport and the Noi Bai-Nhat Tan Expressway next month. For the North-South Expressway, following the Ho Chi Minh City ... |
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[2010-02-09] Wealth Chinese snap up luxury property in Hong Kong
Wealth Chinese snap up luxury property in Hong Kong
(Listed Feb 08, 2010)
Cash rich mainland Chinese buyers are snapping up luxury flats in Hong Kong which they regard as a good investment at a bargain price, according to research. Almost one in five luxury flats sold in Hong Kong last year, that is property worth more than HK$10 million, went to a buyer from the Chinese mainland, transaction data from Centaline Property Agency shows. Mainlanders comprised made up 18.1% of buyers of luxury fla... |
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[2010-02-07] "Strong market's response to serviced apartment"
"Strong market's response to serviced apartment"
(Listed Feb 07, 2010)
This is a judgment of Ms Tash Tobias, Resident Manager, InterContinental Asiana Saigon Residences at the signing ceremony of the 110th lease since its opening on September 9th, 2009. She said “We are delighted with the leasing progress and the market’s response to our Residences. Just four months after opening, we have had our 110th lease signed, so this is a great milestone, and a sign that Ho Chi Minh City is ... |
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[2010-02-07] Clearance bonus for Tet
Clearance bonus for Tet
(Listed Feb 08, 2010)
Investors in major projects in the capital are giving mass compensation payments for land clearance to residents ahead of the Tet holidays. Trinh Nhu Ha, vice chairman of the Duong Noi Ward People's Committee in Ha Dong District, said that compensation had been paid for three projects in the last 10 days – Duong Noi Urban Area Project, Le Trong Tan Urban Area Project and An Hung Residential Buildings Project. Daily, investors plan to pay out ... |
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[2010-02-05] Property prices in Bulgaria likely to dive if banks start selling off foreclosures
Property prices in Bulgaria likely to dive if banks start selling off foreclosures
(Listed Feb 05, 2010)
Banks could hold the key to what will happen with Bulgaria’s depressed real estate sector in 2010, it is claimed. There are concerns that if they decide to start selling foreclosed properties this will lead to prices falling even further. Along with foreign real estate investors banks have had a major impact on the country’s property market offering low interest rates at a time ... |
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[2010-02-05] Grade A office building to come online in Hanoi
Grade A office building to come online in Hanoi
(Listed Feb 05, 2010)
Hanoi will have an additional 12,500 square meters of Grade A office space with the opening of an office building in April this year, according to its exclusive marketing agent Colliers International. The Crown Office building whose work started in 2007, is a project of gas producer Tran Hong Quan Commercial Co., Ltd. It is part of the US$70 million Crown Plaza, a complex of three buildings including the five-star Crown Pla... |
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[2010-02-05] Axe to fall on Krean firm’s property complex in Bac Ninh
Axe to fall on Krean firm’s property complex in Bac Ninh
(Listed Feb 05, 2010)
Bac Ninh Province authorities are making procedures to cancel out the IGS Nam Son – Hap Linh Industrial Park and residential complex project worth US$1.5 billion as the Korean investor IGS is financially incapable, an official said. Vu Duc Quyet, director of the Bac Ninh Industrial Zones Authority, told Daily on the phone on Tuesday that Korean IGS Capital Group was in financial trouble and could not pur... |
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[2010-02-05] Ecological real estate projects booming in the south
Ecological real estate projects booming in the south
(Listed Feb 05, 2010)
Experts are talking about a new tendency in real estate investment – ecological real estate.. Projects booming Reports released by real estate service providers CBRE, Savills and Vietress in late 2009 all predict that markets in resort areas will develop well. Especially, ecological apartments which will be a new trend and will rapidly develop not only in coastal areas but in lowland and alongside waterways as w... |
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[2010-02-05] Vietnam 2010 FDI inflows seen up at $11 bln: report
Vietnam 2010 FDI inflows seen up at $11 bln: report
(Listed Feb 05, 2010)
Disbursement of foreign direct investment (FDI) in Vietnam could rise 10 percent to between $10 billion and $11 billion this year, thanks to the global economic recovery, a government minister was quoted as saying. "Disbursed capital in 2010 will be higher than in 2009 as the flows of pledges in previous years are high and the world's economy tends to recover," Planning and Investment Minister Vo Hong Phuc said, accordin... |
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[2010-02-03] Real estate construction in Japan hard hit by recession
Real estate construction in Japan hard hit by recession
(Listed Feb 03, 2010)
New property construction in Japan fell to the lowest level in 2009 since the nation celebrated its postwar recovery by hosting the Olympics in 1964, as builders were hit by dwindling household incomes and sustained deflation. The latest figures from the Land Ministry show that construction companies broke ground on 788,410 homes last year, 27.9% fewer than in 2008, although the pace of decrease eased in the past fou... |
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