Posts Tagged ‘ real-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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Vietnam’s sinking office market prices alone in Asia: CBRE 

October 26, 2011
Vietnam’s sinking office market prices alone in Asia: CBRE 

  While office markets across Asia awaken from the global economic crisis, prices in Vietnam continue to drop, real estate services company CB Richard Ellis said in a new report. “The market movement that has been seen in Vietnam is in contrast to that witnessed elsewhere in Asia,” said Nick Axford, Head of Research for [...]

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Vietnam central bank supports merging lenders 

October 21, 2011
Vietnam central bank supports merging lenders 

  The State Bank of Vietnam said it supports banking mergers to enhance the competitiveness of local lenders and secure the national banking system. As the government pursues economic stability and stable growth, the central bank said in a statement on Wednesday it would continue to tighten monetary policy. “Beginning now, credit institutions need to [...]

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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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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...