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[2010-01-02] New Dong Nai Bridge put into use
New Dong Nai Bridge put into use
(Listed Fen 02, 2010)
A new bridge linking Dong Nai province and Ho Chi Minh City opened to traffic on Dec. 30 after nearly 20 months of construction. Addressing the launch ceremony, Deputy Prime Minister Hoang Trung Hai praised the investor and constructors and relevant agencies from the southern provinces of Dong Nai and Binh Duong for completing the project within a record period of time. He emphasized that the new bridge crossing the Dong Nai River will be ... |
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[2010-01-02] CBRE named sole leasing agent for trade center
CBRE named sole leasing agent for trade center
(Listed Fen 02, 2010)
U.S. real estate services provider CB Richard Ellis (CBRE) has become the exclusive leasing and marketing agent for a trade center to come online in Hanoi in 2011. The Mo Market Trade Center, at 459C Bach Mai Street, is being built by the Vietnam Construction and Import-Export Corporation. The 24,000 square meter project, with a total budget of VND1.5 trillion (US$81.23 million), includes a 15-storey building and a 25-storey ... |
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[2010-01-02] HCM City reallocates vacant public land
HCM City reallocates vacant public land
(Listed Fen 02, 2010)
The HCM City People’s Committee last week decided to reallocate 58,000sq.m of disused public land in District 8 to make it available for schools and resettlement projects. The land under the decision is currently occupied by 19 vacant State-run warehouses and another 14 disused warehouses run by joint stock companies. Most of the land will be reallocated for construction of six schools and 12,000 apartments for resettlement, w... |
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[2009-12-31] Co.opMart builds supermarket in Hoc Mon District
Co.opMart builds supermarket in Hoc Mon District
(Listed Dec 31, 2009)
On December 23, the HCM City Union of Trading Cooperatives (Saigon Co.op) and the Saigon Co.op Investment and Development Company began construction of a supermarket in Hoc Mon District. The Co.opMart Hoc Mon is the first Co.opMart supermarket in HCM City’s outlying areas. It covers 2,300 square meters of land and requires a total capital of VND20 billion. The supermarket is expected to operate in the third quarter o... |
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[2009-12-31] 2010 set to be a year of consolidation for UAE property market
2010 set to be a year of consolidation for UAE property market
(Listed Dec 31, 2009)
The coming year will be one of consolidation for the United Arab Emirates real estate sector with recovery and growth unlikely before 2011, it is claimed. The key will be attracting back disillusioned investors, especially those from overseas, according to Mohammed Nimer, chief executive of MAG Group Property Development. 'With the onset of the financial crisis at the close of 2008, many of us in the property ... |
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[2009-12-31] The 10 biggest FDI projects in 2009
The 10 biggest FDI projects in 2009
(Listed Dec 31, 2009)
The global economic recession has slowed foreign direct investment (FDI). FDI in Vietnam for 2009 is equal to 30 percent of that in 2008. Still, many huge investment projects have been registered in Vietnam, ones that will provide foreign investors attractive profits. According to Thoi Bao Kinh Te Vietnam, the 10 biggest FDI investment projects in terms of registered capital in 2009 include six real estate projects, two projects in ... |
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[2009-12-31] House price increase 'slows down' in December
House price increase 'slows down' in December
(Listed Dec 31, 2009)
Growth in house prices in England and Wales slowed in December, according to property website Hometrack. It said the average cost of a home rose by just 0.1% to £156,900, as the number of house-hunters fell by 2.2%. Spokesman Richard Donnell said slow growth in household incomes and unemployment would curb demand in 2010. Hometrack said house prices would fall by 1% next year, but the Centre for Economics and Business Re... |
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[2009-12-31] Real estate market 2010 to thaw
Real estate market 2010 to thaw
(Listed Dec 31, 2009)
Credit will be tightened in 2010. The move was set out at a review conference held by the State Bank at Ha Noi. Accordingly, the State Bank will control liquidation and credit outstanding loans at an increase rate of 25% only in 2010, much lower than the rate of 37.73% in the last year. At present, deposit interest rates at banks have been increased sharply while consumer loans remain tight, so the interest rates for house purchase loans w... |
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[2009-12-31] HCM City plans 20,000 low-rent units for education workers
HCM City plans 20,000 low-rent units for education workers
(Listed Dec 31, 2009)
The HCM City Department of Education and Training is planning to build 20,000 low-cost apartments for teachers and educational managers. The department and the builder, the House Viet Nam JSC, have asked the central Government and HCM City People’s Committee to give priority to the project which is expected begin in the third quarter of next year and be completed in 2013. Tran Van Thanh, the company’s ... |
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[2009-12-29] China: Premier promises action against soaring housing prices
China: Premier promises action against soaring housing prices
(Listed Dec 29, 2009)
Chinese Premier Wen Jiabao said Sunday the government would maintain order in China's property market while cracking down on illegal activities that had driven up housing prices. "We will crack down on illegal activities, including hoarding of land, driving up housing prices and delaying sales for bigger profits," he said in an exclusive interview with Xinhua. Wen was answering a question on China's soaring hom... |
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[2009-12-29] Ha Noi’s property market stalls out
Ha Noi’s property market stalls out
(Listed Dec 29, 2009)
Ha Noi’s real estate market stagnated in the last few months of this year, according to industry experts. Vu Thanh Hung, director of a real estate company, said he had refused to take on new projects because there was little demand. "I think demand for property will not increase next year because of tightened monetary policies," he said. Hung said he had found it difficult to buy land for real estate projects because investo... |
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[2009-12-29] 30,000 apartments to go on market over next few weeks
30,000 apartments to go on market over next few weeks
(Listed Dec 29, 2009)
About 30,000 luxury and mid-range apartments, mostly in HCM City, will be released on the property market late this year and early 2010, according to a recent survey. The survey by Colliers International Consulting Company showed signs of the property market's recovery and an associated return of realty developers trying to attract more customers by year-end. A large number of real estate projects are planned to start ... |
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[2009-12-29] FDI inflow tops $20 billion for the year
FDI inflow tops $20 billion for the year
(Listed Dec 29, 2009)
Vietnam this year has attracted US$21.48 billion in foreign direct investment (FDI), local newswire Vietnamnet quoted the investment ministry’s Foreign Investment Department as saying on Sunday. Although it was just 30 percent of last year’s FDI, it wasn’t bad given the economic crisis, the department said on the newswire, noting that they initially expected inflows of $20 billion this year. According to the agenc... |
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[2009-12-29] Hollywood stars eye Diamond Island’s million dollar homes
Hollywood stars eye Diamond Island’s million dollar homes
(Listed Dec 29, 2009)
The hottest topic in real estate is about apartments worth millions of dollars on Diamond Island, just 10 minutes travel by boat from District 1 in HCM City. The apartments’ owners are said to only offer them to the rich and famous. Located on an island shaped like a water droplet on Saigon river, these apartments are as expensive as gold and could be valued at up to $3 million. Rumor has it that Hollyw... |
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[2009-12-28] Real estate sales drop dramatically in Singapore following market cooling measures
Real estate sales drop dramatically in Singapore following market cooling measures
(Listed Dec 28, 2009)
Calming measures aimed at avoiding a real estate bubble in Singapore have had a dramatic effect with residential property sales falling 26% in November to their lowest level since January. Figures from the Urban Redevelopment Authority shows that there were just 600 transactions recorded in November, the fourth consecutive monthly decline since a peak in sales in July. Analysts say investor... |
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