Tag: property
Experts seek ways to develop property market
VietNamNet Bridge - Local experts have described the harmonious settlement of relations between the financial and real estate markets as a key to mitigating threats to the national economy and living conditions of the people. At a seminar held in Hanoi on Dec. 26, experts painted a bleak picture of the property market during this year, with a decrease in transactions... Read more
Property market to remain stagnant for some time: experts
Workers at a construction site in Ho Chi Minh City’s District 1. The local real estate market may need a longer time to recover although there are claims that the process has already begun, experts say. When the property market is in a slump, some brokers often try to attract customers by claiming the market... Read more
Property trading floors mushroom
VietNamNet Bridge - Real estate companies are rushing to establish trading floors as organizations and individuals dealing in property will have to carry out transactions through a trading floor as of next year according to the Law on Real Estate Trading. The ACB Real Estate Trading Floor in Ho Chi Minh City. VietNamNet Bridge - Real estate companies are rushing... Read more
Ministry drafts bill for progressive tax on property
The Ministry of Finance says it is working on a land and housing tax bill that will impose progressive taxes on those who own large amounts of property. The law, to be submitted for approval next year, is expected to curb speculation in real estate and help complete a legal framework to create transparency and stability... Read more
Property game’s snakes ‘n’ ladders
VietNamNet Bridge - When property prices peaked, inexperienced investors with little savings or investment capital were desperate to join the party, writes Tang Trien. But many people have learnt that it’s not always so straightforward with bricks and mortar When the country’s property prices were at an all time high in late 2007 and early 2008, there... Read more
Property buyers wait for prices to fall further
VietNamNet Bridge - The HCM City real- estate market could not recover this year as buyers were waiting for prices to fall further and were unable to get loans to buy property, according to some experts. An urban area in HCM City’s District 2. Property prices in the city have declined 40 to 60 per cent from the peaks reached at the beginning of this year.VietNamNet... Read more
Indochina, VinaCapital seek property deals in Vietnam
VietNamNet Bridge - Indochina Capital and VinaCapital Group, two of Vietnam’s biggest investment managers, are raising funds to invest in the country’s property market as the credit crunch hurts local developers, the world’s leading financial news agency Bloomberg reported. VinaCapital, Vietnam’s biggest fund manager, is in talks with... Read more
Access to credit key to reviving property market
VietNamNet Bridge – Experts have sketched different scenarios about the fate of the real estate market in HCM City in the coming months as it continues to bear the impacts of the international financial crisis. Duong Tuan Tu, general director of the Anh Tuan Housing Limited Company, said to revive the real estate market, banks needed to lend builders to... Read more
Capital shortage strangles property firms
A residential block under construction in Ho Chi Minh City’s District 7. Developers say banks once lent up to 80 percent of the cost of a project, but now it is almost impossible to get 50 percent. Property developers say they face a serious resource crunch after banks tightened credit and government regulations have made... Read more
VinaCapital to create $400 million property fund
Vietnamese investment firm VinaCapital is planning a US$400 million property fund, hoping bargain deals will persuade investors to brave a market that was rocky even before the recent global financial turmoil. It could be a tough sell, as a London-listed property fund run by VinaCapital has seen its unit price plummet... Read more