Posts Tagged ‘ The Property ’

‘Property developers should take long-term view’ 

January 25, 2012
‘Property developers should take long-term view’ 

  Property projects under construction seen from a high-rise building in downtown Ho Chi Minh City Many companies in Vietnam were dealt a harsh blow by the real estate market slump last year. Singapore property developer Keppel Land, though not completely untouched, has weathered the downturn well. Linson Lim, President of Keppel Land Vietnam, is [...]

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‘Property developers should take long-term view’ 

January 25, 2012
‘Property developers should take long-term view’ 

  Property projects under construction seen from a high-rise building in downtown Ho Chi Minh City Many companies in Vietnam were dealt a harsh blow by the real estate market slump last year. Singapore property developer Keppel Land, though not completely untouched, has weathered the downturn well. Linson Lim, President of Keppel Land Vietnam, is [...]

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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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Savills exec foresees property market recovery next year 

December 12, 2011
Savills exec foresees property market recovery next year 

  The long slump has caused a shakeout in the Vietnamese property market. Developers with deep pockets have been coping, others have not been so lucky. It is an inevitable rule in any market, Guy Major, national director of residential sales at Savills Vietnam, tells Thanh Nien Weekly in an exclusive interview, and forecasts a [...]

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Vietnam steel sector faces losses amid low sales 

November 19, 2011
Vietnam steel sector faces losses amid low sales 

  A worker walking a bicycle loaded with construction steel on his way to a construction site in Hanoi The frozen property market and high interest rates have pushed steel producers into the red and some even face the risk of shutting down their business. Pham Chi Cuong, chairman of the Vietnam Steel Association, said [...]

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Dong deposit rates to go down, not by much 

July 15, 2011
Dong deposit rates to go down, not by much 

  As inflation slows and liquidity improves, the high dong deposit rates offered by commercial banks could fall slightly in the coming months, Nguyen Thi Mui, a member of the National Advisory Council for Financial and Monetary Policies, tells Thanh Nien Weekly. Thanh Nien Weekly: Firms say that interest rates are too high now at [...]

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Man killed in Hanoi night club fire

January 4, 2010
Man killed in Hanoi night club fire

The Dem Ho Tay dance hall in Hanoi after a fire ripped through the property Monday morning. Wielders sparked a fire that burned down a Hanoi dance club Monday morning, killing one man and severely injuring another. The body of local resident Do Van Cong, 44, was found later in the afternoon after Nguyen Duc [...]

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30,000 apartments to go on market over next few weeks

December 30, 2009
30,000 apartments to go on market over next few weeks

LookAtVietnam – About 30,000 luxury and mid-range apartments, mostly in HCM City, will be released on the property market late this year and early 2010. A large number of real estate projects are planned to start before year-end.The survey by Colliers International Consulting Company showed signs of the property market’s recovery and an associated return [...]

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Property market paralyzed by new tax

November 13, 2009
Property market paralyzed by new tax

A sales agent sits inside a property firm in Ho Chi Minh City’s District 7. A new capital gains tax effective late last month has held back transactions and investments on Vietnam’s property market, realtors said. Phung Van Nang, general director of Ho Chi Minh City-based Nam Viet Property, said the new tax had “paralyzed” [...]

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Not fair, say homeowners stuck with huge land use tax bills

October 12, 2009
Not fair, say homeowners stuck with huge land use tax bills

A apartment block in Phu My Hung’s Sky Garden 2 Project. A land use tax conundrum has developed for many home buyers in Ho Chi Minh City’s Phu My Hung Urban Area. Those who purchased properties several years ago are being asked to pay tax on much higher evaluations because of the delay in receiving [...]

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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...