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[2009-04-24] Chinese home prices 'to fall later this year'
Chinese home prices 'to fall later this year'
(Listed Apr 24, 2009)
House prices are expected to fall later this year following a drop in sales, according to the Blue Book of Real Estate 2009 released by the Chinese Academy of Social Sciences (CASS) on Thursday."Last year was the most gloomy period for China's real estate market since housing reform in 1998, in face of the global economic downturn," said Li Jingguo, director of the research center for urban development and environment under th... |
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[2009-04-24] Worker housing projects to hit Ho Chi Minh City
Worker housing projects to hit Ho Chi Minh City
(Listed Apr 24, 2009)
Ho Chi Minh City will launch a nine-project worker housing initiative at industrial parks and export processing zones this year, said a report the municipal Construction Department submitted to the city People's Council yesterday.The projects will provide accommodation for about 20,000 workers. Last year, the city government built new accommodation for more than 430,000 workers.The city now has 893,000 workers working for mo... |
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[2009-04-23] Service offers new option in office leasing
Service offers new option in office leasing
(Listed Apr 23, 2009)
Virtual offices are becoming an increasingly popular choice for small-and medium-sized enterprises who wish to save on the cost of leasing traditional office space.Companies providing virtual office services can offer clients with all the amenities of a regular office at a fraction of the cost, including answering phones and receiving mail, faxes and deliveries of documents, as well as providing meeting facilities.Nguyen Minh Kh... |
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[2009-04-23] Real estate market: Capital flowing to Dong Nai
Real estate market: Capital flowing to Dong Nai
(Listed Apr 23, 2009)
With price levels just 1/4 or 1/3 of those in HCM City, land plots in Dong Nai province have been selling very well, attracting big investment capital from HCM City.Dong Nai real estate market warming upAnalysts say that one can own a good land lot in Dong Nai province, neighbouring HCM City, for just VND100mil. Dong Nai has become very attractive in the eyes of real estate investors thanks to the ‘soft’ prices.A... |
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[2009-04-23] Phu My Hung sells 90 percent of Riverside Residence condos
Phu My Hung sells 90 percent of Riverside Residence condos
(Listed Apr 23, 2009)
The Phu My Hung Corporation said it has sold more than 90 percent of the units in Building C of its Riverside Residence project in Ho Chi Minh City's District 7. In total, 544 units of the five Riverside Residence apartment buildings have now been sold, or nearly 90 percent.The modern apartments in the 29-story Building C, which vary between 143-239 square meters in size, were sold at a starting price of VND40 mil... |
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[2009-04-22] NA committee yet to assign city planning agency for Hanoi and HCMC
NA committee yet to assign city planning agency for Hanoi and HCMC
(Listed Apr 22, 2009)
The National Assembly (NA) Standing Committee has not been able to choose an agency that will be responsible for planning the "special urban areas" of Hanoi and Ho Chi Minh City.A special urban area is defined as a center for politics, culture, tourism, training and science with national and international transportation links, according to the national daily Viet Nam News.The parliament's Draft Law Board (... |
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[2009-04-22] Sadeco plans five condo projects in city
Sadeco plans five condo projects in city
(Listed Apr 22, 2009)
South Saigon Development Corporation (Sadeco) is planning to build five condo projects in HCMC over five years despite the challenges faced by many property developers.Tran Manh Chau, general director of Sadeco, said at a shareholders meeting in the city late last week that the company would invest some VND2.6 trillion in the five projects from 2009 to 2013.Of these projects, Sadeco-Phuc Dien in HCMC's District 7 will be the first... |
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[2009-04-22] Housing tax to increase sharply
Housing tax to increase sharply
(Listed Apr 22, 2009)
The two most important points of the Land and Housing Tax Law now being compiled are the changes in the methods of housing tax calculation and tax collection.The Ministry of Finance (MOF) has suggested two options for housing taxation.With the first option, Vietnam will only impose taxes on houses worth VND600mil and higher with the tax rate of 0.05%.With the second option, Vietnam will impose a progressive tax in accordance with the asse... |
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[2009-04-21] Real estate market report (April 10th, 2009 - April 16th, 2009) A race to build che
Real estate market report (April 10th, 2009 - April 16th, 2009) A race to build cheap-priced houses
(Listed Apr 21, 2009)
Many big property investors in Hanoi and HCM City had to shift their activities and build cheap-priced houses at around VND5-7million per square meter.This general trend has been warmly welcomed by those who have limited finance but also huge demand for accommodations. When such projects have just broken ground, buyers rush immediately to register. The strategy “getti... |
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[2009-04-21] Million US$ penthouses booming
Million US$ penthouses booming
(Listed Apr 21, 2009)
The Riverside Residence of Phu My Hung Company and Sunrise City of Nova Land projects in HCM City have introduced luxury suites from over one million dollars to nearly three millions dollars. The $2.8mil apartment
The apartments worth one million dollars and higher are mostly penthouses. And the 645 sq m apartment on the 35th floor of Sunrise City is one of them.The apartment with five bedrooms and a lot of luxury equip... |
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[2009-04-21] Expat home market changes approach
Expat home market changes approach
(Listed Apr 21, 2009)
There has been a shift in demand for housing as foreign workers adjust to the insecurities of the global economy, and suppliers strive to adjust their strategies to keep occupancy levels high.As foreign businesses start tightening their belts, many employees are being asked to renegotiate housing contracts or move to cheaper accommodation. The Elegant 5 Hotel on Nam Ngu Street, Hanoi, despite its title, has been more of a small serviced... |
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[2009-04-21] Vietnamese “lamp genie” saves hotel in Cambodia
Vietnamese “lamp genie” saves hotel in Cambodia
(Listed Apr 21, 2009)
When Pho De Paris Hotel in Cambodia began to sink, the hotel owner planned to tear it down to build a new one. Hearing about Vietnamese experts, called “lamp genies” for their ability to raise sunken construction works, he changed his mind.The Pho De Paris Hotel, in Pavet province, Cambodia, is located near the Vietnam-Cambodia international border gate of Moc Bai. It is quite big with four storeys a... |
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[2009-04-21] Hanoi, HCMC set for high-end hotel boom
Hanoi, HCMC set for high-end hotel boom
(Listed Apr 21, 2009)
While other major Southeast Asian tourist destinations are facing a possible oversupply of luxury hotel rooms over the next few years, Hanoi and Ho Chi Minh City are expected to benefit from the building boom.An extra 23,000 four- and five-star hotel rooms are expected to become available in Singapore, Bangkok, Hanoi, Ho Chi Minh City and Kuala Lumpur between this year and 2012, according to a survey by global real estate consultant... |
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[2009-04-21] TNS: “perfect time” has come for foreign retailers in Vietnam
TNS: “perfect time” has come for foreign retailers in Vietnam
(Listed Apr 21, 2009)
A senior official of TNS, a global market research specialist, said it is now the “perfect time” for foreign retailers to come and make long-term leases in Vietnam as real estate and construction prices here are declining.
The TNS Executive Director, Ralf Matthaes, also held an optimistic view on the purchasing power of the Vietnamese market while talking with the Vietnam News... |
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[2009-04-11] Hamptons, N.Y. home sales plunge 67% in first quarter
Hamptons, N.Y. home sales plunge 67% in first quarter
Saturday, 11/04/2009, 10:32AM GMT+7
Home sales in the Hamptons, the New York oceanside communities favored by financiers and celebrities, plunged 67 percent in the first quarter from a year earlier as Wall Street job cuts and investment losses stifled demand for second homes.
Across 11 eastern Long Island towns, 96 homes sold in the three months ended March 31, marking the biggest percentage drop in at least 27 years, property broker Town... |
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