February 4, 2010
LookAtVietnam – While apartments were the choice of many property buyers it appears tastes are changing and instead people are wanting street-fronted houses. After a long period of escalation, prices of apartments in Hanoi have been decreasing over the last two months, coming back to the original prices Investors had hoped that prices would increase pre-Tet [...]
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January 20, 2010
LookAtVietnam – Real estate experts all share the same viewpoint that the apartment market will be quiet in 2010. Oversupply makes sales difficult Brett Ashton, managing director of Savills Vietnam, has advised investors to take care in making investment decisions, warning that while people think the market is heating up, the market is going the opposite [...]
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December 14, 2009
LookAtVietnam – Vietnamese people seeking to purchase homes during the Tet sale season, prefer those worth less than one billion dong due to economic woes suffered in 2009. Hung Tri, a banking officer, disclosed said that he is trying to purchase a house before Tet in February 2010. The requirements Tri has set up for [...]
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November 4, 2009
LookAtVietnam – Thousands of visitors crowded the office of Nam Cuong Company hoping to get the right to buy an apartment at its ‘orginal price.’ Thousands of hopeful visitors crowded the sales office of the Nam Cuong Real Estate Company to register for a ‘lucky drawThe on-line vernacular newspaper VnExpress reports that over 3000 people [...]
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November 2, 2009
LookAtVietnam – Real estate developers believe that the package is not big enough to warm up the real estate market. “The extended short term interest rate subsidy program will not have a big impact on the real estate market,” stated General Director of Dat Xanh Real Estate Company Luong Tri Thin. He noted that [...]
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October 9, 2009
VietNamNet Bridge – Draft regulations on fees for pavement use have not been universally welcomed. The plans, drawn up by HCM City authorities state fees can be collected for using pavements. This includes commercial parking for motorbikes or setting up pavement shops. However, there remains no clear cut solution for fee collection as the draft document [...]
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October 2, 2009
VietNamNet Bridge – The Hanoi and HCM City real estate markets have quietened over the last week since the start of personal income taxation (PIT). From September 26, people have had to pay PIT on the margin between the buying and selling prices in property deals. They either pay two percent on the margin of [...]
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September 18, 2009
LookAtVietnam – Many real estate owners are trying to sell off their assets in order to avoid paying the 25 percent personal income tax (PIT). The Ministry of Finance has released Circular 161 on imposing the 25% PIT on the profit people get from real estate assignments, meaning the margin between sale and purchase prices. Analysts [...]
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August 12, 2009
Both foreign and Vietnamese retailers complain that retail premise leasing fees in Vietnam, especially in HCM City, are sky high. In 2006, local newspapers reported that the transfer price of one square metre of stall at Ben Thanh Market in HCM City was 230 taels of gold. The level, if converted to dollars, was 30 [...]
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July 23, 2009
VietNamNet Bridge – In the first three weeks of July, the lowered-priced apartment market segment was bustling with 11-15 million dong per square metre apartments being hunted. According to Vinaland real estate trading floor, Tan Mai apartment project in Binh Tan district is the one which saw the highest number of transactions in the period [...]
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