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HCM CITY — Residential developers will likely be required to set aside at least 10 per cent of their projects to build apartments for rent if a draft decree from the Ministry of Construction is approved by the Government. The Law on Housing enacted in 2005 encourages organisations and individuals of all economic sectors to participate in...
Posted date: Sat, 19 May 2012 - From: Real Estate News
HA NOI — The Ministry of Construction (MoC) has proposed to delay the submission of a development plan on foreign direct investment for the real estate industry to the Government until August at the Prime Minister's request. So far, the ministry said, some ministries and 18 cities and provinces had not yet sent in reports on developing FDI...
Posted date: Sat, 19 May 2012 - From: Real Estate News
The green design will continue to be the theme of the Vietnam Architecture 2012 Exhibition (VietArc 2012) which will take place in HCMC next month after the one in Hanoi last month. The exhibition will be organized by the HCMC Architects Association and Gia Phuc Media Joint Stock Company at the Saigon Exhibition and Convention Center (SECC) in...
Posted date: Sat, 19 May 2012 - From: Real Estate News
Bank for Investment and Development of Vietnam (BIDV) will provide VND2 trillion as middle and long-term loans with preferential rates for developers of housing projects for low-income earners and workers at industrial parks. This is the content of the agreement signed between BIDV and the Ministry of Construction on Wednesday. The supporting...
Posted date: Sat, 19 May 2012 - From: Real Estate News
Phu My Hung Corporation (PMH) continues putting the rest of high-end Chateau villas in District 7’s Phu My Hung new urban area for sale following its market survey conducted in the first sale offer. The remaining 41 villas of the Chateau project are currently on sale at a price of VND30-90 billion per unit. Last year, PMH launched the sales...
Posted date: Sat, 19 May 2012 - From: Real Estate News
HAGL Joint-Stock Co., Vietnam’s second-largest listed property developer by market value, has rejected rumors that it is on the verge of collapse, saying they have been spread by competitors it has left in its wake. “There is no problem with our finance, and in fact we are very strong,” chairman Doan Nguyen Duc said. “I think this...
Posted date: Fri, 18 May 2012 - From: Real Estate News
Ho Chi Minh City’s first LEED certified-green office building will officially open to tenants in August. The date was revealed by David Clarkin, general director of President Place Saigon Limited - developer of the $30 million grade A office building President Place at 93 Nguyen Du street. Clarkin said that besides LEED, which is...
Posted date: Tue, 15 May 2012 - From: Real Estate News
Indochina Land, a real estate division of Indochina Capital, announced on Sunday to have won five international awards for its outstanding design and development of several property projects in Vietnam. The Asia Pacific Property and Hotel Awards 2012 in association with HSBC Bank Malaysia Berhad recognized the company with five awards in a...
Posted date: Tue, 15 May 2012 - From: Real Estate News
Developers are indifferent to housing projects for low-income people and factory workers due to capital shortages and slow capital recovery while buyers are not keen on low-cost homes for insufficient infrastructure. Nguyen Xuan Chinh, head of the Hanoi Authority for Industrial Parks and Export Processing Zones, was speaking at a meeting on a...
Posted date: Tue, 15 May 2012 - From: Real Estate News
The office leasing market in Hanoi has seen a strong rebound, especially in the Grade A segment where the occupancy rate in the first quarter shot up to 71%, an increase of 8 percentage points on the previous quarter, according to the property market research firm Savills. The Savills Market Report states that in the first quarter this year,...
Posted date: Mon, 14 May 2012 - From: Real Estate News
The property market will see signs of recovery if policy changes are flexible, interest rates are stable and more capital flows into liquid market segments, according to a foreign property firm. However, some property market segments are grappling with price cuts, low absorption and oversupply. Statistics which market research firms released in...
Posted date: Sat, 12 May 2012 - From: Real Estate News
hanh Phuoc Port Corporation on Wednesday opened a new port in Thanh Phuoc Commune in the southern province of Binh Duong’s Tan Uyen District. The port constructed to international standards is able to accommodate ships and barges of 1,000-2,000DWT, the company said. The river port upon its full two-phase development will cover 53 hectares,...
Posted date: Sat, 12 May 2012 - From: Real Estate News
Hoa Binh Construction and Real Estate Corporation (HBC) on Wednesday started work on three new construction packages with the contract value of over VND330 billion in HCMC, Danang City and Tra Vinh Province. With the first package worth VND250 billion kicked off on Wednesday, HBC is building a basement for the Sunrise City project located in...
Posted date: Fri, 11 May 2012 - From: Real Estate News
HCM CITY — Large steel makers are trying to grab market share from small and medium players who are cutting down production due to the downturn in the industry. Pomina Steel Company, a major construction-steel manufacturer with nearly 14 per cent of the market, hopes to increase sales in both volume and value terms. It did not specify how...
Posted date: Wed, 09 May 2012 - From: Real Estate News
illustration photo Land rents should be raised as long-term sources of revenue rather than collected all at once, as mentioned in a draft scheme for the HCMC property market development compiled by the municipal department of construction. The one-time land rent collection puts investors under capital pressure, restricting the market supply...
Posted date: Wed, 09 May 2012 - From: Real Estate News