Land plots in the Can Gio district in the suburbs of Ho Chi Minh City, Vietnam are being hunted by investors hoping to make a “double investment”. While hoping to profit from rising land prices, the investors are planning to breed sparrows on the land, that is believed to have an ecosystem suitable for [...]
The moribund Vietnamese property market may see a glimmer of light through an increasing number of mergers and acquisitions (M&A). According to Savills Viet Nam real estate agency expert Troy Griffiths, there was a rapid need for cash among investors that boasted large land reserves but lacked capital to invest, resulting in a rising number [...]
Since early 2010, land prices in new urban areas in the northern port city of Hai Phong have risen by 15-20 per cent on average due to development growth in many new urban areas, according to Nguyen Ngoc Thanh, chairman of the Hai Phong Real Estate Association Thanh said investment in new projects had boosted [...]
As commercial banks have tightened their loans to fund real estate project development, a lot of investors have fallen into dilemma. Having no money to continue developing projects, they have to sell the projects to more financially capable investors. Difficulties of someone could be opportunities for others A source from Chuong Duong Company said the [...]
Six companies operating in the real estate sector have recently announced the business results in the first quarter of this year with unsatisfactory figures in comparison to the same period last year. Binh Chanh Construction Investment Joint Stock Co (HOSE-BCI) said its revenue at 54 billion dong, falling 32 percent year-on-year and 57 percent fall [...]
Ha Noi expects to make 2.450 trillion VND (US$120 million ) from auctioning off 373 ha of land rights for the development of 62 new projects during the course of this year. Yesterday the municipal People’s Committee approved its land right auction plan for 2011 which will serve as a major source of income for [...]
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