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[2010-01-26] Construction of second Co.opMart supermarket commences
Construction of second Co.opMart supermarket commences
(Listed Fen 26, 2010)
The Ho Chi Minh Commercial Co-operative Union (Sai Gon Co.op) and the Quang Tri Commercial One Member Company have started the construction of the Dong Ha Co.opMart Supermarket with an investment capital of over VND 50 billion. This is the second Co.opMart supermarket in the northern part of the central region to be built on an area of 2,600 square metres. The supermarket has four storeys including one basement, wit... |
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[2010-01-26] Dong Nai stirs up real estate market down south
Dong Nai stirs up real estate market down south
(Listed Fen 26, 2010)
Ten real estate projects in southern Dong Nai Province near HCM City were opened to potential customers last week. The introduction was part of a joint effort by property trading floors and the provincial natural resources and environment department. The projects include the 4.7-ha Nhat Tuong Residential Project, the 6.9-ha Thong Nhat Market Street, 1.5-ha Trang Bom Residential Area, the 36-ha Tam An Residential Area, and th... |
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[2010-01-25] Thu Thiem Tunnel cracks repaired properly: official
Thu Thiem Tunnel cracks repaired properly: official
(Listed Fen 25, 2010)
Cracks found in the four sections of the Thu Thiem Tunnel Project, which will cross the Saigon River, have been repaired properly, a senior manager of the project said. Luong Minh Phuc, deputy director of the East West Highway and Water Environment Project, which includes construction of the tunnel, said Construction Minister Nguyen Hong Quan checked the sections on Friday and confirmed that they met safety requirements... |
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[2010-01-25] Million dollar apartments selling well, claim developers
Million dollar apartments selling well, claim developers
(Listed Fen 25, 2010)
Real estate developers in Vietnam's Ho Chi Minh City say luxury penthouses and other apartments priced at millions of dollars are selling well. Nguyen Kim Son, director of sales and development at BTA Development Investments that invested in the Dao Kim Cuong (Diamond Island) project, said around 25 percent of 700 apartments in the project are priced at more than US$1 million and around 15 of them are between $2-3 m... |
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[2010-01-25] Vietnam retail property up, office rents down
Vietnam retail property up, office rents down
(Listed Fen 25, 2010)
Vietnam’s retail property market will see a boom in rentals this year while the office market will remain weak due to increased supply, real estate firms have forecast. Service provider Savills has said office rents will continue its declining trend and the large amount of office space supply would ensure that the market still belongs to tenants, not landlords. The Vietnam office of the world’s largest real-estate ... |
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[2010-01-25] Metro Cash & Carry to open 12th center in Vietnam
Metro Cash & Carry to open 12th center in Vietnam
(Listed Fen 25, 2010)
German self-service wholesale chain Metro Cash & Carry will build its 12th center in the central province of Binh Dinh’s Quy Nhon town in 2010. An agreement was signed January 20 between Metro and the provincial People’s Committee at an investment promotion conference in the province. The new wholesale center will be located on a three-hectare area with 6,000 square meters for selling 25,000 commodities... |
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[2010-01-25] HCM City chairman inspects key traffic projects
HCM City chairman inspects key traffic projects
(Listed Fen 25, 2010)
Contractors must ensure the timely progress of the city’s key traffic projects, Ho Chi Minh City People’s Committee Chairman Le Hoang Quan said during an inspection of some major public works on January 23. Of these projects, the city’s North-South road axis is scheduled to open for traffic the soonest, on January 30. At the construction site for the Thu Thiem Tunnel, the chairman physically checked all fou... |
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[2010-01-22] London by far the top global destination for commercial real estate investment
London by far the top global destination for commercial real estate investment
(Listed Fen 22, 2010)
London is the top global destination for commercial real estate investment, beating Washington D.C. and New York, according to a new survey. The UK capital city score was 31 points higher than second placed Washington and 40 points ahead of third placed New York, the survey by the Association of Foreign Investors in Real Estate (AFIRE) shows. Last year, London was in second place, four points b... |
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[2010-01-22] France assists Hanoi in urban planning
France assists Hanoi in urban planning
(Listed Fen 22, 2010)
The French region, Ile de France, will help Hanoi develop its urban planning following a contract signed with the Ministry of Construction in Hanoi on January 19. Under the contract, the region will pay salary for experts who offer advices to the master plan to build the capital until 2030. The master plan is expected to include ideas to preserve a “green corridor” covering 62 percent of the capital’s acreage and de... |
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[2010-01-22] China's property prices up 24% in 2009
China's property prices up 24% in 2009
(Listed Fen 22, 2010)
China's real estate sector set several new records in 2009. Nearly 940 million sq m of properties sold, and the average price hit 4,695 yuan ($687) per sq m, China's National Bureau of Statistics (NBS) revealed Tuesday. Official data show that the overall real estate sales volume hit 937.13 million sq m, up 42.1 percent from the previous year. The sales volume of residential properties was up 43.9 percent, the office building sales v... |
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[2010-01-21] Debt crisis expected to delay real estate recovery in Dubai until 2012
Debt crisis expected to delay real estate recovery in Dubai until 2012
(Listed Fen 21, 2010)
Residential real estate prices in Dubai are set to fall a further 10% in 2010 with the emirate’s debt problems likely to delay a property recovery until 2012, it is claimed. Property prices in the Gulf emirate, which boasts the world’s tallest tower, have only a 13% chance of picking up before 2011, according to the median forecast of 12 analysts at banks, investment firms and research inst... |
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[2010-01-21] Housing market under pressure
Housing market under pressure
(Listed Fen 21, 2010)
House prices have hit an all-time high but economists remain sceptical, saying higher mortgage interest rates are dampening the market. Figures from the Real Estate Institute out yesterday showed that at $360,000, a new national median house price record was established. But Bernard Doyle, New Zealand investment research strategist at Goldman Sachs JBWere, said December was unusual and he adjusted the numbers to show a fall in sale volumes. R... |
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[2010-01-21] Construction sector accelerates activities in 2010
Construction sector accelerates activities in 2010
(Listed Fen 21, 2010)
The Ministry of Construction held a meeting in Hanoi on January 18 to review work in 2009 and devise tasks for 2010. In 2009, the ministry completed the Law on Urban Planning, the law on the amendment and supplement to Article 126 of the Housing Law and Article 121 of the Land Law to submit to the 12th National Assembly for approval. It finished three region zoning projects: building the Vietnam-Cambodia border areas, sou... |
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[2010-01-21] Spanish firm to build three airports
Spanish firm to build three airports
(Listed Fen 21, 2010)
Spanish airport builder Garuda Group is expected to pump US$15 billion into the construction of three world-class airports in Viet Nam, following an agreement to be signed in HCM City today, January 20. The airports will be the International HCM City-Long Thanh Airport, costing $6 billion, the new Ha Noi International Airport, $8 billion, and the Chu Lai International Airport in central Viet Nam with an investment capital of more than ... |
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[2010-01-21] MOF proposes three solutions for tax on houses
MOF proposes three solutions for tax on houses
(Listed Fen 21, 2010)
The Ministry of Finance still has not decided whether to tax houses or let them be exempt. As a result, it is collecting public opinion for the Housing Tax Bill before submitting it to the Government. Following previous times when they have put the housing tax plan on the table at National Assembly’s meetings and failed to get support from National Assembly deputies, the Ministry of Finance is making amendments to the... |
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