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[2009-12-17] Plans for new administrative zone need more local input
Plans for new administrative zone need more local input
(Listed Dec 17, 2009)
VnExpress talks to former Architecture University rector Tran Trong Hanh about plans for a national administrative zone to house most of Ha Noi’s governmental departments, part of the Greater Ha Noi project.What do you think about the Greater Ha Noi project, the first part of which is supposed to be completed by 2030 and the second part by 2050 ? The Ha Noi People’s Council contributed no ideas to the pla... |
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[2009-12-15] High price of housing defies traditional real estate picture
High price of housing defies traditional real estate picture
(Listed Dec 15, 2009)
There are many riddles in Beijing's property market this year, and the most recent one is the much higher sales price for apartments than for office buildings in the same district. Industry experts said that in a healthy real estate market, the unit price of commercial property is usually 30 percent higher than that of residential buildings in the same region. But in Beijing, the situation is just the opposite. ... |
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[2009-12-15] Auckland house prices up 12pc in November
Auckland house prices up 12pc in November
(Listed Dec 15, 2009)
House prices across New Zealand rose a slim 0.2 per cent in November, says the Real Estate Institute, but those in Auckland have soared nearly 12 per cent over the past year. Compared to a year ago, the REINZ Housing Price Index has increased by 6.6 per cent. New Zealand housing prices are now 2.9 per cent below the peak of November 2007. In Auckland, housing prices in November were 11.9 per cent above those in November last year,... |
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[2009-12-15] Dilapidated bridges scare HCM City commuters
Dilapidated bridges scare HCM City commuters
(Listed Dec 15, 2009)
Only 14 of 69 dilapidated bridges in HCM City have been recently replaced or upgraded, leaving local people in constant fear of sudden bridge collapses when travelling. "There is a terrible traffic jam on Thi Nghe Bridge everyday during rush hour. I’m terrified every time I get stuck in the middle of it wondering if the bridge is going to collapse," said Phan Mai Trang, a resident in Ward 19, Binh Thanh District. Huge num... |
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[2009-12-15] Call for more quality in low-cost houses
Call for more quality in low-cost houses
(Listed Dec 15, 2009)
The Ministry of Construction has asked provinces to make inspections on the quality of low-priced houses for workers and students, aiming to abate public concern about the bad quality of this cheap housing option. Nguyen Tran Nam, deputy minister of Construction, said that provincial People’s Committees needed to ensure the quality of these houses and were not allowed to sell poor-quality low-priced houses. Accordingly, the ... |
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[2009-12-15] Regulator sees no sign of another real estate bubble
Regulator sees no sign of another real estate bubble
(Listed Dec 15, 2009)
The amount of outstanding loans to real estate investors is much lower in Hanoi than HCM City, where “banks are more liberal”. The National Finance Supervision Committee, established in March 2008, oversees Vietnam’s stock and insurance markets and its banking and real estate sectors. The committee is now compiling its first supervision report. Thoi Bao Kinh Te talked with Le Xuan Nghia, the independen... |
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[2009-12-14] Selling price of steel up by VND 300,000 a tonne
Selling price of steel up by VND 300,000 a tonne
(Listed Dec 14, 2009)
The steel at plants has seen an increase of around VND 300,000 a tonne in price. Steel bars are sold at VND 12.3 million a tonne while rolled steel is sold at VND 12.1 million a tonne (excluding value added tax). The reason is that the world price of steel billet has risen by US$5 – 10 a tonne to US$470 – 480 a tonne, along with the increases in freight and US$/VND exchange rate. However, the amount of steel in ... |
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[2009-12-14] China: Residential land supply increases
China: Residential land supply increases
(Listed Dec 14, 2009)
Home prices in major Chinese cities continued to grow, while the supply of residential land also increased, though at a slower pace, according to a real estate sector report published on Dec 8. The report by China Indices Research Institute showed that average home prices increased in November in seven large cities. The highest jump was about 12 percent year-on-year in Hangzhou. The number of homes available for sale was less than ... |
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[2009-12-14] Vinaconex 2 plans $79m urban area in Ha Noi
Vinaconex 2 plans $79m urban area in Ha Noi
(Listed Dec 14, 2009)
Viet Nam Construction Joint Stock Co No 2 (Vinaconex 2) will develop the Kim Van-Kim Lu new urban area in Ha Noi at a cost of about VND1.5 trillion (US$78.9 million), under approvals from the municipal People’s Committee. To be built on a site of 27ha in Hoang Mai District’s Dai Kim Commune, the development will include apartments, villas and shopping areas, as well as low-income housing. Vinaconex 2 said it expected... |
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[2009-12-14] U.S. apartment occupancy, rent to stay weak in '10: report
U.S. apartment occupancy, rent to stay weak in '10: report
(Listed Dec 14, 2009)
The U.S. apartment vacancy rate is expected to remain high in 2010 and rent growth is not seen to resume until 2011, according to a forecast by CBRE Econometric Advisors. CBRE-EA, the market forecasting arm of real estate services company CB Richard Ellis, expects the U.S. apartment vacancy rate to fall to 7 percent in 2010, down from 7.3 percent in the third quarter and 7.4 percent in the second quarter 2009. "Ov... |
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[2009-12-14] City to cap maintenance fees collected by apartments
City to cap maintenance fees collected by apartments
(Listed Dec 14, 2009)
The monthly maintenance charges apartment blocks can collect from tenants is likely to be capped at VND8,000 a square meter in Ho Chi Minh City if authorities accept a proposal by the Department of Construction. This is the rate it has recommended for first-grade apartments as part of efforts to regulate an arbitrary and controversial system. For second, third, and fourth grade tenements, it will be VND7,000, 6,000, an... |
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[2009-12-12] Chinese housing prices go on rising
Chinese housing prices go on rising
(Listed Dec 12, 2009)
The cost of the average home in China rose by 5.7 percent year-on-year in November, continuing an escalation that pundits think could carry into next year, despite new policies from the State Council aimed at reining in speculative deals. The rise last month was 1.8 percentage points higher than the jump in October, according to a statement from the National Statistics Bureau. It was the ninth consecutive month that house prices rose i... |
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[2009-12-12] Hanoi to inspect new residential areas
Hanoi to inspect new residential areas
(Listed Dec 12, 2009)
Hanoi officials began inspections of 34 new residential areas in Hanoi on December 7 to detect violations in planning and social-technical infrastructure. Some projects have been carried out slowly and their infrastructure and building structure don’t meet set standards. Hanoi Vice-Chairman Phi Thai Binh noted that the inspections would focus on new residential areas of over 20 hectares. “Many modern residential areas... |
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[2009-12-12] Hanoi asks for $144.5 million for 1,000th anniversary projects
Hanoi asks for $144.5 million for 1,000th anniversary projects
(Listed Dec 12, 2009)
The Hanoi People’s Committee has asked the government to provide an additional 2.6 trillion dong (US$144.5 million) to implement urgent projects to celebrate its 1000th anniversary next year. Of 34 projects of this kind, nine have completed, including: The Hanoi Library, the statue of King Le Thai To, the August Revolution Square, The Elite Sports Training Centre, Kim Lien – O Cho Dua road, Vinh T... |
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[2009-12-12] Gold edges up slightly as low price lures customers
Gold edges up slightly as low price lures customers
(Listed Dec 12, 2009)
Gold rose by VND100,000 a tael from yesterday’s closing price on December 11 as the global price changed slightly and investors waited for new information. Jewelers bought gold at VND27.25 million and sold at VND27.40 million with the trading gap extended to VND150,000 a tael from VND100,000 the previous day. Demand for the precious metal remained stable as most customers thought it was a good time to bu... |
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