Posts Tagged ‘ developers ’

‘Property developers should take long-term view’ 

January 25, 2012
‘Property developers should take long-term view’ 

  Property projects under construction seen from a high-rise building in downtown Ho Chi Minh City Many companies in Vietnam were dealt a harsh blow by the real estate market slump last year. Singapore property developer Keppel Land, though not completely untouched, has weathered the downturn well. Linson Lim, President of Keppel Land Vietnam, is [...]

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‘Property developers should take long-term view’ 

January 25, 2012
‘Property developers should take long-term view’ 

  Property projects under construction seen from a high-rise building in downtown Ho Chi Minh City Many companies in Vietnam were dealt a harsh blow by the real estate market slump last year. Singapore property developer Keppel Land, though not completely untouched, has weathered the downturn well. Linson Lim, President of Keppel Land Vietnam, is [...]

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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Real estate still promising for long-term investors 

January 15, 2012
Real estate still promising for long-term investors 

  Ho Chi Minh City as seen from the rooftop of a downtown building. Property prices are expected to fall in the next six months. Developers are still pessimistic about market conditions but some experts believe investors should not rule out real estate just yet. Economist Dinh The Hien said the government is expected to [...]

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Price cuts fail to enliven property market 

January 2, 2012
Price cuts fail to enliven property market 

   An apartment project in Hanoi. Many buyers in Vietnam are adopting a wait-and-see approach, hoping prices would slump further. Vietnam’s real estate market is in a funk so bad that several drops in prices have not brought any cheer to buyers. According to the Ho Chi Minh City Real Estate Association, with home prices [...]

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Savills exec foresees property market recovery next year 

December 12, 2011
Savills exec foresees property market recovery next year 

  The long slump has caused a shakeout in the Vietnamese property market. Developers with deep pockets have been coping, others have not been so lucky. It is an inevitable rule in any market, Guy Major, national director of residential sales at Savills Vietnam, tells Thanh Nien Weekly in an exclusive interview, and forecasts a [...]

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Hanoi upscale apartment residents protest service fee hikes 

October 8, 2011
Hanoi upscale apartment residents protest service fee hikes 

  Residents of five upscale apartment buildings in Hanoi have sought the capital city administration’s help in preventing service fees from being hiked unreasonably. According to a report in Monday’s Tuoi Tre newspaper, the residents at 93 Lo Duc Street, The Manor, Golden Westlake, Keangnam, and Sky City have complained that the prices for services [...]

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Hard lessons for Vietnam as property slumps 

September 24, 2011
Hard lessons for Vietnam as property slumps 

  Workers clean the Keangnam residence tower in Hanoi September 20, 2011. Like many hoping for easy cash in Vietnam’s property market, Nguyen Thu Huong borrowed VND500 million ($24,000) from a bank in April to buy a new flat she didn’t need and planned to flip. The only question, she thought, was how big the [...]

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Real estate M&A set to surge amid market downturn 

September 1, 2011
Real estate M&A set to surge amid market downturn 

M&A in real estate is witnessing a rapid growth worldwide, Savills says Vietnam will see the number of merger and acquisition deals in real estate rising as the market is critically short of capital, real estate service provider Savills said. Given that the Vietnam real estate market is now in a downturn, caused by constrained [...]

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Vietnam to promote apartments, restrict villa projects 

August 22, 2011
Vietnam to promote apartments, restrict villa projects 

Vietnam's real estate market will continue to grow in the medium and long term, an official says Vietnam is planning to require residential developers to earmark at least 80 percent of their project sites for apartments, Minister of Construction Nguyen Tran Nam said. The requirement must be met before developers are allowed to build villas [...]

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No letup in tough times for property market 

August 14, 2011
No letup in tough times for property market 

  Government’s inflation fight will decide short-term future, analysts say Motorcyclists ride past a construction site in the suburbs of Ho Chi Minh City on August 8. For the first time in two years, land prices have gone down in Hanoi. Perhaps for the first time ever, developers are offering apartments in lieu of cash [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...