Scores of property developers are eagerly embracing new projects amid a gloomy market outlook. During the first day of the Lunar New Year, Vietnam’s leading state-owned building material manufacturer Viglacera Corporation began construction of its Dang Xa II new urban area over 39 hectares in Hanoi’s Gia Lam district with around VND2.49 trillion ($118.5 million) [...]
Viglacera Corp yesterday officially started construction works on Dang Xa 2 new urban area situated in Gia Lam Dist, Hanoi. The project has total investment capital of 2.49 trillion dong. The new urban area is coming up in an area of 39.02 hectares in Dang Xa urban area, within the communes of Co Bi, Trau [...]
Further price cuts are inevitable if developers want to woo homebuyers back to the market, news website Vietnamnet cited industry insiders as saying. Le Chi Hieu, vice chairman of the Ho Chi Minh City Real Estate Association, said property developers have to change to survive these tough economic times. The first steps are to lower [...]
The Tet holiday is over, and like other sectors, real estate companies have resumed business, starting a new year with old woes projected to stay ahead. Some people say that if interest rates come down and banks start offering loans, perhaps the property market will start to recover in the late second half of 2012. [...]
While other real estate developers complain about the bad business performance in 2011, hotel owners had a bountiful crop. Hotel developers enjoy business prosperity VnMedia has quoted the report of Savills, a real estate service provider, as saying that the total supply in the hotel market has decreased by three percent in the fourth quarter [...]
Here are the list of 10 real estate firms which made the records in their fields in 2011. Sixty nine shares out of the 694 shares now being listed on the stock market are belonging to real estate firms. HAG: the enterprise which has the biggest profit Though Hoang Anh Gia Lai Group HAG has [...]
Though still accounting for 20 percent of the number of the members in the top 500 stock millionaires, most of the representatives from the real estate sector saw the big steps back in their fortunes. Nguyen Van Dat, the owner of Phat Dat Real Estate Company Though having experienced a stormy year in 2011, the [...]
The money remitted by overseas Vietnamese (Viet Kieu) to Vietnam has been poured into the real estate sector. The National Finance Supervision Council has estimated that 52 percent of the total 9 billion dollars remitted to Vietnam in 2011, or 4.7 billion dollars, has been used to buy real estate products, thus helping warm up [...]
Contrary to the fact that the real estate market was expected to remain sluggish, few days prior to Lunar New Year, a lot of real estate transactions were witnessed in the market, the local newswire VTC News reported. Typically, Dream Town condominium project (in Tay Mo, Tu Liem Dist, Hanoi) of Dai Mo Construction Machinery [...]
The fact that Petro Vietnam decided to withdraw from the project on the highest building in Vietnam has raised a lot of questions. In 2010, the information that Petro Vietnam, the national oil and gas group, planned to build a unique building in Vietnam with the expected capital of one billion dollars, the biggest ever [...]
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