Posts Tagged ‘ estate ’

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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Negative sentiment grows among investors 

December 3, 2011
Negative sentiment grows among investors 

Real estate has regained the top spot as the most attractive sector for private equity investment, Grant Thornton says. Private equity investors’ optimism in the Vietnamese economy has dropped sharply as they continue to worry about inflation, high interest rates and a slowdown in domestic growth, according to Grant Thornton. Negative sentiment toward the economy [...]

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Thai floods claim more factories, Bangkok safe for now 

October 16, 2011
Thai floods claim more factories, Bangkok safe for now 

Villagers built a wooden bridge in a flooded temple complex in Nonthaburi province, on the outskirts of Bangkok October 16, 2011. Floods swamped another industrial estate in central Thailand on Sunday and threatened a bigger one just outside the capital, Bangkok, which has so far escaped the worst despite heavy monsoon rain and water streaming [...]

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Vietnam’s once-hot property market cools 

October 8, 2011
Vietnam’s once-hot property market cools 

  Four years after a real estate boom that saw investors camp out on the streets waiting to pay cash for unbuilt apartments, Vietnam’s once-hot property market has caught a chill. High inflation and interest rates along with a government-imposed credit squeeze have led to a fall in prices and other incentives to entice residential [...]

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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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Housing speculation rampant in Vietnam: official 

July 20, 2011
Housing speculation rampant in Vietnam: official 

Vietnam’s property market is still in its infancy Speculative trading is widespread in the real estate sector and it’s necessary to ensure bank credit is not just benefiting speculators, Minister of Construction Nguyen Hong Quan said. The market is facing many problems, with prices staying high and speculative activities hard to control, Quan said at [...]

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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...