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[2009-12-10] Office owners planning to raise rents
Office owners planning to raise rents
(Listed Dec 10, 2009)
Unlike the third quarter of the year, when office rents in Hanoi dropped significantly due to low demand, the forecast now sees a 5-7 percent increase in the fourth quarter thanks to the economic recovery.According to Savills Vietnam, real estate service provider, A and B class office rents continued decreasing by 4.5 and 2 percent in the third quarter of the year. Only C class offices saw an occupancy rate of 80 percent with the aver... |
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[2009-12-10] Private investors need a transparent legal environment
Private investors need a transparent legal environment
(Listed Dec 10, 2009)
The capital needed to upgrade the country’s infrastructure is estimated to account for 10-11 percent of GDP during the 2009-2020 period and this required other economic sectors to get involved in the field.Over the past two years the public-private partnership (PPP) model has taken shape and proved efficient in many large and important projects such as Phu My thermal power plant 2 project, Cau Co May build-opera... |
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[2009-12-10] Danang emerging as home for tourism properties: researcher
Danang emerging as home for tourism properties: researcher
(Listed Dec 10, 2009)
The property market in the central coast city of Danang might be less busy than in HCMC, but the tourism property segment there is burgeoning offering both hi-end and low-end products, said the market researcher Savills Vietnam.Projects to build villas for sales are emerging quickly in the region, and in the next couple of years, there will be significant villa and resort developments along the Son Tra - Dien Ngoc... |
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[2009-12-09] New Zealand house values up 1pc in last year: QV
New Zealand house values up 1pc in last year: QV
(Listed Dec 09, 2009)
House values rose 1 per cent in the 12 months ended November 30, up from a 0.20 per cent gain in the period through October, according to QV Valuations. The average sale price increased to $393,373 from $389,198 a month earlier. Total market activity was relatively static this year, "driven by a shortage of listings as prospective vendors decided to stay put rather than sell," said spokeswoman Glenda Whitehead."We expect th... |
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[2009-12-09] Land values to stay mostly unchanged in HCM City
Land values to stay mostly unchanged in HCM City
(Listed Dec 09, 2009)
Land valuations in most parts of Ho Chi Minh City will remain unchanged next year as the city administration wants to create stable conditions to attract investment, officials say. Under a new proposal the HCMC People’s Committee recently submitted a proposal to the city legislature, only 17 of 2,890 streets in the city will have their land valuations adjusted for the new year. Dong Khoi, Nguyen Hue and Le Loi streets... |
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[2009-12-09] Fair tax rates will end Phu My Hung dispute: gov’t advisor
Fair tax rates will end Phu My Hung dispute: gov’t advisor
(Listed Dec 09, 2009)
Land use taxes need to be revised to resolve the ongoing dispute between homeowners and developers in Ho Chi Minh City’s Phu My Hung residential area once and for all, a government advisor has said. The dispute has revolved around who should pay land use taxes, but the real problem is whether the tax rates are reasonable, Dang Hung Vo, senior advisor to the Ministry of Natural Resources and Environ... |
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[2009-12-08] China's property market growth not bubble
China's property market growth not bubble
(Listed Dec 08, 2009)
China's property market is not facing big risks in the short term despite a rapid growing real estate price in some key cities this year, industry experts said at a national forum today. "A key indicator to judge the scale of the property bubble is to see the financial leverage of mortgage and property developers' debt ratio," Teng Tai, managing director of China Galaxy Securities Companies Limited, said at the CIHAF 2009, the cou... |
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[2009-12-08] Private investors need a transparent legal environment
Private investors need a transparent legal environment
(Listed Dec 08, 2009)
The capital needed to upgrade the country’s infrastructure is estimated to account for 10-11 percent of GDP during the 2009-2020 period and this required other economic sectors to get involved in the field. Over the past two years the public-private partnership (PPP) model has taken shape and proved efficient in many large and important projects such as Phu My thermal power plant 2 project, Cau Co May build-... |
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[2009-12-08] Chinese businessmen hit by Dubai property crunch
Chinese businessmen hit by Dubai property crunch
(Listed Dec 08, 2009)
When many mega-constructions, including the world's tallest building Dubai Tower, kept on rising from the sands in the Middle East, Chinese investors' confidence had been sky high on Dubai property market as well. But all seem to have become a passing memory, as the confidence was humbled by a debt crunch that pricked the property bubbles in the emirate. "Investing in real estate was quite popular among Chinese businessmen ... |
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[2009-12-08] Work on Nha Trang Marriott to start next year
Work on Nha Trang Marriott to start next year
(Listed Dec 08, 2009)
Work on a deluxe five-star hotel overlooking Nha Trang Bay in south central Vietnam, one of the world’s most beautiful bays, will start early next year under a deal between U.S.-based hotel giant Marriott International, Inc. and a local firm. Sao Sang Nha Trang Co., Ltd signed an agreement on December 4 in Nha Trang over the management of the Marriott-branded hotel, Vietnam News Agency reported. The 250-room Nha Trang M... |
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[2009-12-08] Over VND 6.3 trillion to build Cai Mep – Thi Vai road
Over VND 6.3 trillion to build Cai Mep – Thi Vai road
(Listed Dec 08, 2009)
Ba Ria – Vung Tau province started the construction of the Cai Mep – Thi Vai road connecting all seaports along the Thi Vai river on December 4. The project has a total investment of over VND 6.3 trillion. The 21.3 kilometre road runs from the general container port Cai Mep Ha in Tan Thanh district, Ba Ria – Vung Tau province to the Phuoc An port in Long Thanh district, Dong Nai province. Six b... |
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[2009-12-07] Tighter controls on land use after reports of inefficiency
Tighter controls on land use after reports of inefficiency
(Listed Dec 07, 2009)
The People's Council of northern Vinh Phuc Province has asked local agencies to carry out land-use inspections following reports of misuse and inefficiency.Recently, the Department of Natural Resources and Environment (DoNRE), in co-operation with industrial parks' management boards, conducted two inspections of 32 projects, most of which were not being properly carried out.Tran Manh Cuong, deputy head of the Plan... |
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[2009-12-07] House values climb but many vendors choose to stay put
House values climb but many vendors choose to stay put
(Listed Dec 07, 2009)
Property values are continuing their climb in the main centres but many vendors are choosing to stay put rather than sell their homes. Figures released today from Quotable Value show nationwide values are up 4.1 per cent from April but are still 5.9 per cent below the market peak of late 2007. The average sale price across New Zealand increased to $393,373 in November from $389,198 in October. The increase is largely ... |
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[2009-12-07] Over 180 enterprises join ‘ConBuild 2009’ Exhibition
Over 180 enterprises join ‘ConBuild 2009’ Exhibition
(Listed Dec 07, 2009)
Over 180 enterprises joined the 3rd International Exhibition on Construction and Building (Conbuild 2009) from December 1 – 4. This exhibition was held by Germany’s Munich International Trade Fair Group opened in Ho Chi Minh City. The exhibition showcased new technologies, innovations and solutions for the construction industry. During the exhibition, there were other many activities such as the ... |
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[2009-12-07] Thanh Thuy Border Economic Zone established
Thanh Thuy Border Economic Zone established
(Listed Dec 07, 2009)
The Prime Minister has decided to establish the Thanh Thuy Border Economic Zone in Ha Giang province. The zone covers an area of over 28,700 hectares in Thanh Thuy, Phuong Tien, Thanh Duc, Xin Chai, Lao Chai and Phong Quang communes (Vi Xuyen district) and Phuong Do commune (Ha Giang town). The economic zone includes a tax-free area and others areas such as industrial, recreational, urban, administrative areas.
Source: Nhan Dan... |
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