 US firm signed up to market 2 Hanoi properties (19/03/2010) |
 US real-estate services firm Cushman & Wakefield has been named exclusive marketing, distribution, and management agent for two luxury properties in Hanoi, one a mixed-use development and the other a housing complex.
Under an agreement signed last week with their developer, PVFC Real Estate Joint Stock Company (PVFC Land), the US group will manage Dolphin Plaza and Diamond Tower... |
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| Vincom plans to launch shopping mall next month(19/03/2010) |
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Vincom Joint Stock Company will inaugurate its major property project named Vincom Center in downtown HCMC next month, offering customers a destination not only for working space and shopping mall but also for entertainment services.
Le Khac Hiep, board chairman of the company, says the luxury complex project featuring sections for commercial center, office building and serviced apartment is in the final stages and will start operation on April 30 as planned...
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| Danang Beach Resort to build new villa zone(19/03/2010) |
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VinaLiving signed a deal with Southern Cross Development Co., owned by golfer Greg Norman, to develop the Norman Estates villa zone project in Danang Beach Resort on Wednesday.
Located next to The Dunes golf course, the US$40 million, two-phase project will include 40 villas with ocean views.
David Henry, VinaCapital Real Estate Co.’s managing director, said it would be the only Norman Estates residential project in Southeast Asia...
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| HCM City scraps 40 real estate projects (19/03/2010) |
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HCM City authorities have revoked the licences of 40 foreign direct investment real estate projects worth 1.77 billion USD.
Officials said the licences had been revoked because the projects were progressing too slowly.
In 2009, the city attracted 13 foreign-invested projects in 14 sectors, accounting for 66.39 percent of all development projects in the southern hub...
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| Industrial parks ‘half empty (19/03/2010) |
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Less than half of the 136 planned investment projects in the Central Highland province of Dak Lak have been implemented, according to a report issued by the provincial Peoples Committee.
Just over half of the total area of industrial parks and complexes in the province was being used, the report said...
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| After the fire, flats are out of fashion(18/03/2010) |
 The deadly fire that broke out at the 18 story JSC 34 building on Hanoi’s Le Van Luong Street on March 10 has made some ‘cliff dwellers’ think twice about where they should live. The prices of apartments have dropped sharply, reports VietNamNet.
Nguyen Dinh Thang, the owner of an apartment at the nearby Licogi 34 building, related that after the fire at JSC 34, he got so frightened that he has decided to find a house ‘on the face of the earth’ to live in. However, he has not received any replies to his ‘for sale’ advertisement.
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| DIG starts work on Ba Ria-Vung Tau residential project(18/03/2010) |
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Construction Development and Investment Joint Stock Corp (coded DIG) on March 17 began construction on building Ba Ria Vung Tau residential project on a site of 35 hectares in Phu My new urban zone, Tan Thanh, in the southern province of Ba Ria-Vung Tau.
The project is being set up in cooperation between DIG and ATA Construction Investment Joint Stock Co.o DIG contributes 80 percent stake in the project while 20 percent would be invested by ATA. The project has a total investment of 300 billion dong./.
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| HCMC’s Binh Thanh residents await land-use rights (18/03/2010) |
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Ho Chi Minh City authorities have abolished plans to acquire land for the Binh Quoi-Thanh Da urban project, but many residents in Binh Thanh District’s Ward 28 have yet to receive certificates entitling them to land-use rights.
Under Decision 614 by the city People’s Committee, local residents in the area are entitled to full land-use rights. As such, they can sell, donate, or mortgage their land or property in accordance with current regulations...
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| Low-income housing projects to enjoy preferential loans (18/03/2010) |
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The Construction Ministry said March 16 it has cooperated with the Vietnam Development Bank to formulate a pilot plan to provide loans at preferential interest rates to build houses for workers and low-income residents.
Under the plan, enterprises can borrow loans worth up to 70 percent of the total investment capital in their housing projects at interest rates of 6-7 percent per year for 10 to 15-year terms...
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| Real estate in 2010: what will be new? (17/03/2010) |
 “Before Tet holiday, I offer the deposit of VND 6.9mln per square meter to buy land allocation. However, right after Tet some ask to pay VND 7.2mln per square meter. I will not sell because the price is rising,” said a real estates agent in Binh Duong...
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