Posts Tagged ‘ Real Estate Market ’

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 [...]

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business | Comments Off

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 [...]

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Reports | Comments Off

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 [...]

Tags: , , , , , , , , , , , , , , , , , , , , ,
Posted in Business | Comments Off

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 [...]

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business | Comments Off

Rescuing Vietnams real estate market 

March 9, 2011
Rescuing Vietnams real estate market 

A man rides a bicycle past a construction site in Ho Chi Minh City. Real estate trading in the city is very slow, and prices have fallen sharply. Given that the real estate market is facing capital shortages, Vietnam should allow investors to access loans from foreign commercial banks at far lower interest rates. Dang [...]

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Reports | Comments Off

Own house a mirage for most employees 

January 28, 2011
Own house a mirage for most employees 

  Ministry mulls national housing fund to assist low-income earners Two men play chess near apartment buildings in Ho Chi Minh City’s District 7. It takes between 24.5 and 26.6 years for a Vietnamese to be able to buy a house. Live a very strict, austere life. Save everything you can after working very, very [...]

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Reports | Comments Off

Vietnamese developer plans to buy US properties 

January 19, 2011
Vietnamese developer plans to buy US properties 

Houses for sale in California. Local real estate and investment firm Tanimex said it will establish a joint venture with two other Vietnamese companies to do business in the US, mainly in the real estate sector. The joint venture, expected to be set up in California, will focus on real estate trading, said Tran Quang [...]

Tags: , , , , , , , , , ,
Posted in Business | Comments Off

Developers struggle as market gloom persists 

November 27, 2010
Developers struggle as market gloom persists 

An apartment building in Ho Chi Minh City’s District 7 The real estate market in Ho Chi Minh City has been hit hard by tightened credit access and new regulations that make it more difficult for buyers to sell their homes. The investor of a residential project in Go Vap District has decided to delay [...]

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business | Comments Off

Bank keeps real estate on ice

January 31, 2010
Bank keeps real estate on ice

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 [...]

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business, News | Comments Off

Experts see real estate recovery on horizon

January 8, 2010
Experts see real estate recovery on horizon

Residential projects under construction in 2010 would supply 8,500 apartments for the market by the end of the year After a bleak year for the local real estate market in 2009, experts say there are several factors that will help end the slump in 2010. Economist Dinh The Hien said the real estate market would [...]

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business, News | Comments Off

Feature

Vietnam, Cuba foreign ministries to bolster ties

By

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...