Management fees to put cat amongst pigeons
Newly approved management fees are expected to cool down hot disputes between project developers and residents in Hanoi. Hanoi People’s Committee has recently decided to quadruple the management fees...
View ArticleMyanmar the new promised land
As the Vietnam property market continues to struggle, some real estate firms are setting sights on more lucrative investments in Myanmar. Leon Cheneval, associate director of CBRE told VIR last week...
View ArticleFarmland owners may get housing construction permits
Owners of small lots of farmland scattered in residential areas in HCMC may be granted permits for building temporary houses, a move that will help relieve poor people of difficulties in improving...
View ArticleBudget condo buyers get 50% VAT cut
Those buying and renting low-cost homes from today enjoys a value-added tax (VAT) rate of 5%, down by a half from the old level. A 50% VAT cut is also given to homebuyers at the commercial projects...
View ArticleMid-end condos still sell well
With reasonable prices and flexible payment plans, several mid-end apartment projects achieved fairly good sales in the year’s first half. Project owners launched their products on schedule, with many...
View ArticleLeader of real estate giant in Hanoi under prosecution
Hanoi police have just arrested and prosecuted Nguyen Hoang Long, chairman of a real estate company in Hanoi, for allegedly swindling hundreds of billions of VND from investors. Long, Chairman of...
View ArticleHouse purchasing loans still waits for criteria on “poverty line”
The Ministry of Construction has not made public the standards to define who the low income earners are, so it is difficult for banks to grant house-purchasing loans to this subject. In the past month,...
View ArticleStimulus package offers hope to the property market
It is necessary to offer preferential loans to more types of customers, rather than focusing primarily on low-income people, an official said. Tran Du Lich, member of the National Financial and...
View ArticleSouthern sales ignite property market
HCM CITY (VNS)— The real estate market in the south is showing signs of recovery as high-prestige projects get off the ground, according to independent market watchdogs. Investors are now ready to pour...
View ArticleHome-for-rent market still active
While the commercial housing segment is struggling with a sea of troubles, the home-for-rent segment is faring well on high demand. Many investors think they would earn little from this market segment....
View ArticleReal estate M&A bustling
The real estate market has seen merger and acquisition (M&A) activity active over the past six months with some large projects changing hands while the market has turned more transparent. One of...
View ArticleLow occupancy rates drive away hotel investment
Many hotels in Vietnam have been put up for sale, one of the signs that there are fewer investors interested in this sector in Vietnam. Among those on or going on the market in Vietnam is the Metropole...
View ArticleCity wholesale, retail buildings on rise
HCM City’s retail networks, especially modern facilities like shopping malls and supermarkets, have developed rapidly in recent years, according to the local Department of Industry and Trade. In the...
View ArticleVietnam firm to manage tallest building project in Myanmar
Vietnam’s Archetype Group has won the project management contract for Diamond Inya Palace, a building set to be the tallest in Myanmar. Located near the Inya Lake, the building will be a residential...
View ArticleReal estate bailout package little help to low-income earners
The Ministry of Construction has announced a list of 30 projects and several enterprises to benefit from the VND30-trillion (USD1.42 billion) real estate stimulation package, but low income individuals...
View ArticleProperty market sees slight improvement
The property market has shown a number of positive signs in the second quarter of this year as reflected in quarterly reports from real estate companies, but difficulties still remain. Savills Vietnam...
View ArticleSaigon airport plaza completes first stage
Ho Chi Minh City’s Saigon Airport Plaza – a mixed-use project of four components namely apartment, office, hotel/serviced apartment and shopping centre – has launched its first phase. Available for use...
View ArticleHousing stimulus set to benefit all
The Government’s VND30 trillion (US$1.44 billion) bank loan package designed to assist low-income property seekers would not be limited to State-owned enterprises (SoEs), The Government’s VND30...
View ArticleProperty investors returning to Vietnam
After a torrid two years that saw its real estate market freeze, Vietnam is beginning to attract interest from overseas investors once again. Though the market has yet to bottom, early adopters are...
View ArticleFour housing projects get loans from vnd30-trillion package
Four out of 30 budget housing projects endorsed by the Ministry of Construction have gained access to loans from the VND30-trillion housing stimulus package. Do Duc Duy, chief of the ministry’s office,...
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