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[2009-04-29] Developers price speculators out of real estate market
Developers price speculators out of real estate market
(Listed Apr 29, 2009)
Property speculators are having a bad time in Ho Chi Minh City with buyers choosing to buy apartments directly from developers who are offering low prices, insiders said.Lam Van Chuc, director of Phuc Duc Real Estate Company, said many new projects have hit the market at lower prices than before.Saigonland Real Estate, for instance, has lowered the prices of its Cantavil Hoan Cau apartments in Binh Thanh District to V... |
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[2009-04-29] evelopers price speculators out of real estate market
Developers price speculators out of real estate market
(Listed Apr 29, 2009)
Property speculators are having a bad time in Ho Chi Minh City with buyers choosing to buy apartments directly from developers who are offering low prices, insiders said.Lam Van Chuc, director of Phuc Duc Real Estate Company, said many new projects have hit the market at lower prices than before.Saigonland Real Estate, for instance, has lowered the prices of its Cantavil Hoan Cau apartments in Binh Thanh District to V... |
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[2009-04-28] Students, workers to get housing
Students, workers to get housing
(Listed Apr 28, 2009)
The Government has set a target that by 2015, 60 percent of students and 50 percent of industrial zone should have accommodation, Deputy Minister of Construction Nguyen Manh Ha said yesterday.Low-income people will also be helped to have access to housing, he said. Ha said supplying housing for students, workers of industrial zones and low-income people was an important policy of the Party and the State.He made the announcement at a press ... |
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[2009-04-28] Crisis hits building materials industry
Crisis hits building materials industry
(Listed Apr 28, 2009)
Despite preparatory measures to deal with the economic downturn, the construction materials market has been hit harder than expected, industry insiders say.Manufacturers are struggling to improve the situation as the rainy season approaches, but the situation is further compounded by the impending increase in steel prices alongside rising prices of steel ingots in the global market.Sales of construction steel, cement and bricks have... |
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[2009-04-28] New park to be for support industries
New park to be for support industries
(Listed Apr 28, 2009)
Construction began yesterday on the Viet Nam-Japan Support Industries Park No 1 in Que Vo Industrial Zone in the northern province of Bac Ninh.The park will be the first in the nation dedicated to support industries, with up to 50 Japanese-invested small businesses expected to ultimately take up residence in the park.Yesterday's groundbreaking ceremony also included the signing of a co-operation agreement between the Ministry of Ind... |
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[2009-04-28] Vietnam attracts US$6.4 billion in FDI
Vietnam attracts US$6.4 billion in FDI
(Listed Apr 28, 2009)
Vietnam has attracted nearly US$6.4 billion in foreign direct investment (FDI), including newly-registered and supplemented capital, in the year to date, down almost 17% compared to the same period last year, according to local newspapers.As many as 145 foreign-invested projects worth some US$2.48 billion are estimated to have been licensed in the first four months and 23 existing projects are set to raise their combined capital by U... |
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[2009-04-28] Property firm restructures portfolio
Property firm restructures portfolio
(Listed Apr 28, 2009)
Eden Joint Stock Company has announced to review its investment portfolio and will focus on highly-profitable realty projects and transfer less effective ones in 2009."The policy will help Eden ensure liquidity of business activities in the difficult year," said Eden Group's chairman and general director Ta Kim Hung in the annual shareholders meeting on Sunday. The enterprise has to recover capital to invest in the final phases of some... |
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[2009-04-28] Real estate market report (April 17th, 2009 – April 23rd, 2009) The property market
Real estate market report (April 17th, 2009 – April 23rd, 2009) The property market’s warmness is “real” or “imaginary”?
(Listed Apr 28, 2009)
After a series of macro economic information aren’t as bad as forecasted, with some stimulus policies by Government, news of “housing fever” has begun to appear. However, according to some experts, increase in property prices brings more communicativeness.In Hanoi, project on Le Van Khuong street ex... |
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[2009-04-27] Intereal debuts property trading center
Intereal debuts property trading center
(Listed Apr 27, 2009)
International Real Estate Trading Corporation (Intereal) yesterday launched a real estate exchange at Khang Thong Building on Nguyen Thi Minh Khai Street in HCMC's District 1.Intereal said the realty trading center would provide services such as property brokerage, promotion of property projects, legal advice and property evaluation.The company is in cooperation with the Vietnam Bank for Agriculture and Rural Development (Agribank) ... |
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[2009-04-27] Construction of Handico Tower begins in Hanoi
Construction of Handico Tower begins in Hanoi
(Listed Apr 27, 2009)
Construction of 33-storey Handico Tower began on April 25 on an area of 5,400 sq. m in Me Tri Ha urban centre, Tu Liem district, western Hanoi.
The project, an office and trade complex, will be built with an investment capital of 732 billion VND (43 million USD). The project will have 35,750 sq.m of floor area for offices and retail, and over 9,000 sq.m of basement for parking.The tower lies on Pham Hung street, close to the ... |
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[2009-04-27] Hanoi to have more resettlement urban areas
Hanoi to have more resettlement urban areas
(Listed Apr 27, 2009)
The construction of 8,165 resettlement apartments has been completed in Hanoi, of which 6,894 apartments have been occupied, said the Hanoi Construction Department.The department planned to build 5,000 apartments this year and 7,123 apartments will be built in the two following years, all for resettlement. Hanoi People’s Committee also asked the department to complete its construction plans for new urban areas for resettl... |
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[2009-04-25] Real estate warming up, expected to get hot
Real estate warming up, expected to get hot
(Listed Apr 25, 2009)
Commenting that the real estate market has warmed up again, Richard Leech, Managing Director of CB Richard Ellis Vietnam (CBRE), believes that there will not be sharp decreases in real estate prices in the time to come.He said in an interview with Thoi bao Kinh te Vietnam that the Hanoi real estate market started the 2009 year with many good factors, including decreasing construction costs, while supply will increase considerabl... |
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[2009-04-25] Developers eye low-cost housing
Developers eye low-cost housing
(Listed Apr 25, 2009)
The growing demand for low-priced apartments in HCM City is attracting developers.Apartments measuring 50-60sq.m and costing VND500-600 million are sold out as soon as they are launched, as recently witnessed during two projects - E Home apartments in District 9 and an apartment block built by Linh Phong-Conic Construction Investment & Development Company.VietRees, a property consulting company, said low-cost apartments affordable to pe... |
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[2009-04-25] Viet Nam's first annual real estate expo planned
Viet Nam's first annual real estate expo planned
(Listed Apr 25, 2009)
Viet Nam's first property expo will be held next December in HCM City. Le Hoang Chau, chairman of the HCM City Real Estate Association (HoREA), said his organization and the Nha Vui Architecture & Construction Joint Stock Company would organize the event from December 17 and 20 at the Saigon Exhibition and Convention Centre in Phu My Hung."PROPEX Vietnam 2009 will he a business-to-business and busincss-to-customer confe... |
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[2009-04-25] Dong Nai enjoys building boom
Dong Nai enjoys building boom
(Listed Apr 25, 2009)
The real estate market in the southern Dong Nai Province near HCM City seems to be immune to the nationwide downturn that began last year, with many large projects continuing to be developed.In fact, investments from both foreign and domestic sources in property has increased sharply in the last two years.In 2008, when the national market entered the deep freeze, investors continued to pump money into the Dong Nai property market - foreigners... |
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