Hanoi-based Housing & Urban Development Corporation (HUD) has officially offered to sell low-cost apartments of An Binh project in Nha Trang City (Khanh Hoa province) with the offering price of between 300 and 600 million dong each, the local newswire VnMedia reported. The apartments have the space of from 46 square meters to 64 sqm. [...]
Asian real estate investors still are not selecting Vietnam as the strategic destination because of a number of barriers despite the scope and development levels of many market segments are alleged to remain small compared with regional countries, according to Vietnam Economic Forum. Capital shortage because of banks’ credit tightening-up became the largest nightmare of [...]
Many developers in Vietnam are selling their projects to other companies as the prolonged market slump has made it difficult to repay bank loans, an industry group said. Le Chi Hieu, vice chairman of the Ho Chi Minh City Real Estate Association, said property firms are facing many difficulties, including high interest rates. Unable to [...]
In the week between November 6 and 12, 2011, there were some large real estate projects with investment value of millions of US dollar, mainly in HCM City, Long An and Da Nang. Review on some outstanding realty projects during the week 10 trillion dong for The Empire resort and luxury house area in Da [...]
Property developers are under intense pressure to repay bank loans that generally fall due at the end of the year even as the property market has hit rock bottom. Some have even asked the banks to take possession of the properties they had mortgaged. Banks are putting pressure on their debtors to repay loans so [...]
Savills Vietnam, together with Savills Japan, will organise a seminar about Vietnam’s real estate investment opportunities on November 25 in Tokyo. Regardless of domestic developers’ difficulties in sourcing funds, foreign investors have continued to see opportunities in Vietnam’s real estate market, according to company’s statement. “Vietnam stands out from the region as a stable investment [...]
There is only over one month left to the deadline for banks to withdraw all property-backed loans. Because of this, enterprises and investors are rushing to manage money to pay bank debts, the local newswire VnMedia reported. By the end of June 2011, the property loans totalled at 245 trillion dong in which HCM City [...]
Thu Duc Housing Development Joint Stock Co. (Thu Duc House) is cooperating with three partners to develop the Phuoc Long Spring Town complex worth 1.2 trillion dong and covering about four hectares in HCM City’s District 9. This complex is comprised of the Antigone commercial town with 38 land lots of adjoining houses, the six-floor [...]
Apartments sales in Ha Noi are unlikely to pick up in the last months of this year, despite falling prices, due to lack of demand. Real estate experts said most of the flats on sale were in the upper price range, whereas demand was for more affordable accommodation for those on low-incomes. Over the last [...]
The owners of office building are hunting for tenants these days, offering discounts and a lot of preferences. However, there are very few clients nowadays since businesses have to cut down expenses and save money. The banners, inviting clients to rent offices, have been hung at high rise buildings, both new and old, on Nguyen [...]
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