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[2010-01-06] Banks resume lending but are still selective about borrowers
Banks resume lending but are still selective about borrowers
(Listed Fen 06, 2010)
Commercial banks have opened their doors again to borrowers after a period of refusing loans. Originally they had been attempting to curb the credit growth rate under instructions by the State Bank of Vietnam. Ho Xuan Nghiem, deputy general director of Sacombank, said his bank had resumed lending, while prioritizing loans to loyal clients who have good credit records with the bank. Nghiem went on to say the targ... |
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[2010-01-06] Big range of calls on house market in New Zealand
Big range of calls on house market in New Zealand
(Listed Fen 06, 2010)
Stable, depressed and rising - that's the spread of predictions for the housing market in 2010. The fortunes of the sector, estimated to be worth $500 billion, are of more interest to New Zealanders than any other business because we have so much of our wealth in housing. Barfoot & Thompson managing director Peter Thompson reckons the sector will stay much like it was in early December. "Neither up nor down a lot, just... |
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[2010-01-06] Vietnamese not snapping up new homes in time for Tet
Vietnamese not snapping up new homes in time for Tet
(Listed Fen 06, 2010)
Traditionally this is a good time for the Vietnamese real estate industry as people snap up new homes to house visiting relatives and host parties – but not this year. In fact, already the industry is concerned it will be stuck with properties that won’t sell either before or after Tet. Tuan, a real estate investor in Binh Tan District in HCM City has three houses for sale, built in November 2009, but none o... |
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[2010-01-06] “Speak and Act” focuses on tax refund, public house use
“Speak and Act” focuses on tax refund, public house use
(Listed Fen 06, 2010)
Complicated procedures for tax reimbursement and the wasteful use of public properties were hot issues discussed on Ho Chi Minh City Television’s “Speak and Act” dialogue program on January 3. “It is not simple to process tax reimbursements, as we must check that the tax has been paid with the banks. It is very hard to get it done promptly, especially for large tax refund applicati... |
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[2010-01-05] Latest land sales in Hong Kong suggest property market is cooling
Latest land sales in Hong Kong suggest property market is cooling
(Listed Fen 05, 2010)
The real estate market in Hong Kong is showing signs of cooling with analysts predicting that a buying frenzy that sent prices soaring 27% in 2009 is now coming to an end. The major indicator is that two prime Hong Kong residential sites were sold at auction last week for a lower than expected US$1.34 billion, in a sign that one of the world's hottest property markets is cooling off. Some analysts welcomed ... |
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[2010-01-05] UK property prices up again in December but market expected to be flat in 2010
UK property prices up again in December but market expected to be flat in 2010
(Listed Fen 05, 2010)
UK residential property prices have increased to their highest level since November 2007 and are now almost 6% more than a year ago, according to the latest real estate index. Prices were up 0.4% in December, the eighth monthly increase in a row, and are now just 12.2% down from their peak in October 2007, says the index from the Nationwide building Society. The Nationwide’s chief economi... |
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[2010-01-05] Foreign currency and real estate markets in 2009
Foreign currency and real estate markets in 2009
(Listed Fen 05, 2010)
Vietnam’s gold, foreign currency and real estate market experienced many fluctuations in 2009. However, under the flexible management and control of the Government, these fluctuations did not reflect badly on the national economy.The escalating price of gold Together with the local real estate market, gold prices also reached the peak in 2009. The average gold price in 2009 was 24 percent higher than the previous year... |
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[2010-01-05] Gamuda Land gets the job done
Gamuda Land gets the job done
(Listed Fen 05, 2010)
Cheong Ho Kuan, general director of Gamuda Land Vietnam, talks with VIR’s Song Ngoc about the progress of its $2 billion build-transfer project in Hanoi. “I reiterate that the Yen So Park-STP is well underway to meet the timeline for the celebration of the Thang Long-Hanoi celebrations, despite the global financial crisis”.With the current progress, will Gamuda meet the deadline as promised at the ground-breaking of the Yen ... |
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[2010-01-05] Hanoi’s thirst for second homes
Hanoi’s thirst for second homes
(Listed Fen 05, 2010)
Developers are looking to cash in on Hanoians’ growing demand for second homes. In recent years developers have been promoting holiday home projects near the capital such as Flamingo Dai Lai Resort in Vinh Phuc province and Haiphong’s Cai Gia-Cat Ba tourism township. Grand Arena Hill will cater to Hanoians’ growing demand for second homes However, most of these projects sell land for buyers to build their own homes, ... |
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[2010-01-04] Industrial parks no panacea for development
Industrial parks no panacea for development
(Listed Fen 03, 2010)
Economists say the construction of too many industrial parks in the name of industrialization will not benefit the country. By October last year 228 parks were licensed in 56 cities and provinces, and 145 had become operational, figures from the Ministry of Planning and Investment show. The southeast region had the largest number, accounting for more than a third of them and 48 percent of their total area. Dong Nai Province rank... |
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[2010-01-04] Vietnam’s largest project kicks off in Laos
Vietnam’s largest project kicks off in Laos
(Listed Fen 03, 2010)
Vietnam’s Long Thanh Golf Trading and Investment Co. began construction of a US$1-billion golf course and real estate project in Vientiane on Jan. 3, making it the largest foreign-invested venture in Laos. Covering an area of 557.4 ha, the project will feature an 18-hole golf course, a five-star hotel, high-grade villas, a resort and school and hospital facilities. The project is expected to become operational after ... |
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[2010-01-04] Nationwide land inventory to commence on January 1 2010
Nationwide land inventory to commence on January 1 2010
(Listed Fen 03, 2010)
As of January 1, 2010 the Ministry of Natural Resources and Environment (MoNRE) will start documenting land throughout the country, said Tran Hung Phi, head of the MoNRE’s Land Registration and Inventory Department on December 29. Phi said that the inventory doesn’t aim to detect land-related violations but is instead aimed at generating a snapshot of current land use. Following the inventory, MoNRE will... |
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[2010-01-04] 1st section of tunnel under Saigon River to be in place in March
1st section of tunnel under Saigon River to be in place in March
(Listed Fen 03, 2010)
The first section of the Thu Thiem tunnel under Ho Chi Minh City’s Saigon River will be put in place in March this year, its managers told visiting Minister of Transport Ho Nghia Dung January 2. Mr. Dung was inspecting a site in Nhon Trach District, Dong Nai Province, where all four sections of the tunnel are being fabricated by Japanese contractor Obayashi Corporation. The tunnel is a part of the Japa... |
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[2010-01-02] U.S. consumer confidence up, house prices stall
U.S. consumer confidence up, house prices stall
(Listed Fen 02, 2010)
U.S. consumer confidence rose to a three-month high in December, while prices in the hard-hit housing sector stalled in October, breaking a five-month string of gains.
The consumer confidence reading released on Tuesday reinforced views that the economy is gradually recovering, and the October housing data from the widely watched Standard & Poor's/Case-Shiller indexes was seen as indicating the market is stabilizing.... |
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[2010-01-02] HCMC needs $40 billion for transport sector development
HCMC needs $40 billion for transport sector development
(Listed Fen 02, 2010)
Ho Chi Minh City’s transport sector needs around US$40 billion to fulfill its development plans by 2020 instead of the $26 billion planned two years ago, a municipal administration meeting heard Monday. Compensation to residents for site clearance accounted for most of the estimated investment, said Tran Quang Phuong, director of the HCMC Department of Transport. The city spent VND12 trillion ($650 mi... |
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