September 24, 2011
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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December 9, 2009
LookAtVietnam – A proposal could make it easier for real estate developers to mobilize capital but, some warn, it could also reduce transparency in property markets. A Ministry of Construction (MOC) proposal now out for public comment would allow real estate developers to sell twenty percent of the units they develop directly to investors, according [...]
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November 28, 2009
The State Bank’s red-light on negotiable lending rates for real estate investment is expected to cool down the property market. Some buyers have taken unnecessary financial risks to grab a house State Bank governor Nguyen Van Giau recently issued Official Letter No.8883/NHNN-CSTT, telling credit institutions not to provide loans with negotiable interest rates to real estate [...]
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November 10, 2009
VietNamNet Bridge – It is expected that some 22,500 apartments will be available from now through the beginning of 2010. ’The Vista’ project in district 2, HCM CityIn October 2009, Lilama SHB kicked off two projects targeting medium-income and high-income earners. These include the Saigon Lilama SHB Town in Tan Phu district with 340 apartments [...]
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September 22, 2009
LookAtVietnam – The Vietnamese property market could reach its potential if more capital could be raised for the market, said a senior official. “The capital shortage for both developers and buyers is one of several reasons that made the local real estate market frozen unexpectedly,” said Bui Pham Khanh, deputy minister of construction. Khanh was [...]
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September 16, 2009
LookAtVietnam – Eighty percent of real estate transactions do not go through trading floors was the figure released at a recent workshop. Only 20 percent of transactions were carried out on trading floorsAccording to Director of the House and Real Estate Market Management Department under the Ministry of Construction (MOC) Nguyen Manh Ha, there are [...]
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August 25, 2009
LookAtVietnam – Phan Huu Thang thinks Vietnam’s tourism real estate market will see a boom in five years if investors can realize its potentials and have reasonable market development strategy. Phan Huu Thang, head of the Ministry of Planning and Investment’s Foreign Investment DepartmentIn an interview given to Thoi bao Kinh te Vietnam (VNEconomy), Phan [...]
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August 21, 2009
LookAtVietnam – A lot of high-grade apartments have been marketed in recent days with attractive preferences, but sales continue to be slow. It seemed that 2009 would be the right time for investors to market luxury products, which explains why a lot of new products have been launched onto the market recently. However, since the products [...]
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July 31, 2009
Unlike the office leasing market, now quiet because of low demand, the leasing market for upscale store sites in Ho Chi Minh City has remained bouyant even in the economic downturn, reports the Saigon Economic Times. Like their counterparts in the in big urban areas of other countries, Vietnamese consumers shop more and more at [...]
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June 25, 2009
Following the big sale campaign earlier this year, when the prices of apartments were lowered by 30-50 percent, real estate developers have just kicked off a new big sale campaign. On June 24, more than 100 apartments of Blue Sapphire project in Binh Phu new urban area in district 6 were officially put on sale. [...]
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