ECC International Real Estate, based in the Netherlands, announced on December 23 its plans to invest US$400-500 million in building five or six shopping centers in Thailand and Vietnam over the next five years. ECC is currently investing 2.9 billion Thai baht in a shopping centre and resort project in Chiang Mai, northern Thailand. Theert [...]
The Vietnamese prime minister has approved a national housing development strategy up to 2020 with a vision to 2030, with a specific aim to construct 10 million square meters of housing for low-income earners in the next four years. Apartment buildings should be the most popular type of housing projects, accounting for over 80 percent [...]
Sunwah Group, the developer of an office building and a high-end apartment highrise in downtown HCM City, looks set to get involved in low-cost housing development projects in the city. Sunwah president Jonathan Choi told the Daily that his group, which is based in Hong Kong, China, would set aside about $100 million to develop [...]
Inward remittance to Vietnam in 2011 is forecasted to hit a record high of $9 billion, of which as much as 52% or nearly VND5 billion flowed into real estate investments, according to statistics from the National Finance Supervision Committee (NFSC). “This year, the rise in inbound remittances helps to improve the liquidity of the [...]
Listed firm Hoang Anh Gia Lai Group (HAG) plans to invest $300 million to build a property complex in Myanmar. Accordingly, HAG will build a complex of trade centre, hotel, and apartments for lease on a site of 8 hectares in Yangon capital city of Myanmar. The project will be implemented in form of Build-Operate-Transfer [...]
The housing markets in both Hanoi and Ho Chi Minh City will continue to see price falls in 2012 as cities across Asia-Pacific are expected to have weaker sales volumes, according to global property consultant Knight Frank. Residential prices in the two Vietnamese cities will fall by 5 to 10 percent next year, after an [...]
People’s Committee of the northern province of Vinh Phuc has recently approved a project to build a resettlement area in Dai Tu hamlet, Dai Tu commune, Yen Lac district in the northern province of Vinh Phuc. The project covers an area of nearly 7.4 hectares, including over 4.1 hectares for residential, over 3.8 hectares for [...]
Many foreign investors are very cautious in making investment decisions in Vietnam real estate market because of unstable economic potential as well as increasing inflation and interest rates. Meanwhile, the liquidity is being limited by the state’s credit tightening policies. But they [foreign investors] remain optimistic and believing in the bright future of Vietnam property [...]
The housing markets in both Hanoi and Ho Chi Minh City will continue to see price falls in 2012 as cities across Asia-Pacific are expected to have weaker sales volumes, according to global property consultant Knight Frank. Residential prices in the two Vietnamese cities will fall by 5 to 10 percent next year, after an [...]
Scores of HCM City-based property projects are stuck due to unreasonable compensation and inconsistent legal documents. North Rach Chiec residential area project in HCM City’s District 9 was approved by the prime minister in 2001. Developer Real Estate Joint Stock Company 10 (Res 10 JSC) was later handed over 78.5 hectares for technical infrastructure construction. [...]
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