January 31, 2010
LookAtVietnam – The real estate market will remain stagnant if the State Bank maintains its tight monetary policy through the first half of this year, experts warn.However, this lull provides a good opportunity for people with real housing needs rather than speculators to buy properties, according to experts. Nguyen Son Trung, director of HCM City-based [...]
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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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September 28, 2009
A construction worker walks past the site of the Sunrise City residential project in Ho Chi Minh City Vietnamâs real estate sector is in dire need of capital as the economic slump hits invest-ments and alternative funding sources are unavailable, experts said. Deputy Minister of Construction Bui Pham Khanh said Vietnam needs VND500 trillion (US$27.8 [...]
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August 31, 2009
Nguyen Duc Tho was apprehended Friday for allegedly conning a man out of VND3 billion The chairman of Hanoi-based Euroland Real Estate Company was apprehended Friday for allegedly conning a man out of VND3 billion (US$168,000) by making fake documents to sell a villa. Earlier this month, Nguyen Duc Tho, 29, allegedly created a counterfeit [...]
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July 27, 2009
Though the national economy has fallen into difficulties, forcing a lot of businesses to scale back production, the number of newly-registered businesses has been increasing sharply, not only in big urban areas, but even in mountain regions. Fashion shops, fastfood shops and cafés continue to pop up like mushrooms. All need business premisesTran Thien Trang, [...]
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July 25, 2009
A famer cuts grass for cow feed at an unused land plot managed by the state-run Sinco Machinery Company under the Saigon Industry Corporation. State-owned companies in Ho Chi Minh City have been using public land for profit and neglecting other valuable real estate for years, officials from the municipal Peopleâs Council have said. The [...]
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April 28, 2009
Construction workers walk past the site of the Saigon Pearl project in Ho Chi Minh Cityâs Binh Thanh District. Property speculators are having a bad time in Ho Chi Minh City with buyers choosing to buy apartments directly from developers who are offering low prices, insiders said. Lam Van Chuc, director of Phuc Duc Real [...]
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April 23, 2009
In HCMC, real estate developers are preparing with considerable fanfare to put a lot of ‘low-cost apartments’ on the market. However, low-income people will not be able to afford the apartments. The Le Thanh Real Estate Company has recently delivered to buyers 134 apartments, the first part of a 1154 unit high rise project that [...]
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February 18, 2009
Customers at the HAGL Land office on Monday. The company has cut the prices for its new Hoang Anh River View apartments in Ho Chi Minh Cityâs District 2 by 40 percent to US$1,350 per square meter. The Ho Chi Minh City property market has started edging up again after many developers decided to reduce [...]
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