With apartment and house prices becoming more and more expensive, the hope to own a home in Hanoi is just a far-away dream for many young people Xuan Bach, a media executive at a well known company, has been searching to buy a home for the last several years, but he still cannot buy anything. [...]
The global economic slump has offered local property developers a chance to replace foreign players in large projects and begin dominating the market, analysts said. Many said Riviera Group’s withdrawal from a US$500 million five-star hotel project in Hanoi, one of the largest in the capital city, was a harbinger of the situation today. Following [...]
The recent mushrooming of new urban areas around Hanoi has helped ease the dearth of accommodation for capital dwellers. However, the rapid growth of these developments without tight management has caused residents much grief. Thanh Thuy investigates these claims, based on a recent Hanoi People’s Committee report. “I’m looking for another new house,†said Tran [...]
This will bring more difficulties for authorities to manage those golf courses. Hanoi and Ba Ria-Vung Tau province golf course ambitions have taken a major hit. The Hanoi People’s Committee last week officially released its decision to cancel the licences of 11 golf courses after six months’ consideration. According to Document 1382/UBND released last week, [...]
The property market in southern Binh Duong Province has the potential to develop strongly and even match the major cities of Ha Noi and HCM City in the rental segment, says real estate services provider Savills Vietnam. Savills Vietnam has said it sees a positive outlook across the office, retail, hotel and housing sectors as [...]
Cheaper and smaller properties will catch the eye of investors as the local real estate recovers later this year, experts have predicted. Nguyen Manh Khoi, an official at the Construction Ministry’s Housing and Real Estate Market Management Department, said the whole market had experienced sharp declines in both sales and prices since a short recovery [...]
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