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[2009-06-16] Biconsi to build 7 apartment buildings for low-income people
Biconsi to build 7 apartment buildings for low-income people
(Listed Jun 16, 2009)
Binh Duong Construction-Consulting and Investment Joint Stock Co. (Biconsi) has registered to work out seven apartment buildings for students, workers and low-income people.Among the seven apartment buildings, four with 10 storeys each will be built at Hiep Thanh Residential Estate III in TDM town with 12,000sq.m in total, providing accommodations for around 680 households. The three remainders will be built on ... |
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[2009-06-16] Bridge contractors face fines if deadline not met, official warns
Bridge contractors face fines if deadline not met, official warns
(Listed Jun 16, 2009)
Contractors of the Can Tho Bridge will be fined if they fail to complete the project by March 30 next year, Deputy Minister of Construction Ngo Thinh Duc said during a meeting Monday in Can Tho City.Two of the three project’s construction packages have failed to keep pace at the major bridge in the Mekong Delta, which collapsed while under construction in September 2007, killing 54 people and injuring... |
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[2009-06-16] HCM City seeks infrastructure cash
HCM City seeks infrastructure cash
(Listed Jun 16, 2009)
The HCM City's Department of Transportation and Public Works hopes to raise capital for key infrastructure projects from multiple sectors through various investment forms, a senior official has said.It is also open to new investment forms that have not been applied yet in the city, if there are investors interested in pursuing them, says department director Tran Quang Phuong.He said the city is in dire need of funds to launch and complet... |
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[2009-06-16] Tough post-resettlement lives
Tough post-resettlement lives
(Listed Jun 16, 2009)
Truong Kim Hanh, a resident in Binh Tri Dong apartment building in District 2, feels bored and unhappy because she has no job and depends on her husband's small earnings.Before being unemployed, Hanh owned a small grocery shop on Ham Tu Street in District 5 which covered her family expenditures. In 2004, she handed over her land to a construction project and in 2006 moved to the resettlement apartment where she has not been getting on well.Ha... |
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[2009-06-16] City looks to low-cost housing
City looks to low-cost housing
(Listed Jun 16, 2009)
Fourteen property developers in HCM city have registered to build 17 low-cost housing projects between now and 2010, according to Nguyen Van Danh, deputy head of the HCM City Construction Department.Speaking at a recent municipal People's Committee's meeting on social housing and housing for low-income earners, Danh said the projects were a response to the city's call for investment in this property segment as well as growing demand for low-... |
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[2009-06-13] Homebuyers eschew paying in gold as precious metal price surges
Homebuyers eschew paying in gold as precious metal price surges
(Listed Jun 12, 2009)
The common practice of using gold to buy houses in Vietnam has dwindled as prices of the precious metal climb relentlessly.The Nguyen Dinh Chieu branch of the ACB Real Estate Exchange has reported that the number of housing and land deals made in gold decreased 15 percent in the second half of May compared to the first half.Gold prices closed May at VND21.25 million a tael, or US$995 per ounce, up 20 percent ... |
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[2009-06-13] Office rentals a buyers' market for now: CBRE
Office rentals a buyers' market for now: CBRE
(Listed Jun 13, 2009)
The office rental market in Vietnam offers great opportunities for tenants to strike good deals at the moment, a senior official with a major real estate services provider said Thursday.Head of Office Services of the US-based CBRE, Chris Currie said at a press briefing that the office rentals market is entering a mature cycle with many advantages, he said.Over the last six months, asking rents at Grade A office buildings have ... |
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[2009-06-13] Ha Noi housing, land prices surge
Ha Noi housing, land prices surge
(Listed Jun 13, 2009)
The price of land and apartments in the capital, especially in the western part, has significantly risen in the past two months, according to industry insiders.Tran Anh Dung, director of the Ba Dinh Property Service Consultation Company, said prices of land near residential projects in Ha Dong, Tu Liem, Hoai Duc and Dan Phuong districts had gone up.The projects include Duong Noi, Trung Van, Phung Khoang, Van Khe, Van Quan, Van Canh, Tay D... |
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[2009-06-12] Foreigners allowed to own homes
Foreigners allowed to own homes
(Listed Jun 12, 2009)
The Government issued the Decree No 51/2009/ND-CP last week, guiding the implementation of National Assembly Resolution No 19/2008/QH12 of June 3, on pilot permission for foreign organizations and individuals to purchase and own residential housing in Viet Nam. Foreign individuals must have the following documents to purchase and own a home in Viet Nam:In the case of a direct investor in Viet Nam, his/her name must be included in an investm... |
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[2009-06-12] Vietnam gov’t sweetens deal for low-income housing
Vietnam gov’t sweetens deal for low-income housing
(Listed Jun 12, 2009)
Investors in low-income housing will enjoy a spate of incentives including land use/lease charge and value added tax (VAT) exemptions under a prime ministerial decision that took effect on June 10.The decision is expected to promote housing projects for people with low incomes nationwide and expedite construction of ongoing projects in several localities.The document stipulates incentive policies for investors, cons... |
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[2009-06-12] Da Nang threatens to reclaim more land from delayed projects
Da Nang threatens to reclaim more land from delayed projects
(Listed Jun 12, 2009)
Da Nang construction project owners delaying their work will have their land confiscated, the People’s Committee in the central city has warned.The Da Nang City People’s Committee has already taken back 400 hectares of land at the Thuy Tu Industrial Zone in Lien Chieu District due to delays on the project slated for the lot.Many property projects worth a total of more than US$200 million are cu... |
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[2009-06-12] Work begins on employee complex
Work begins on employee complex
(Listed Jun 12, 2009)
Cho Lon Investment and Import-Export Company (Cholimex) on Wednesday began construction on a workers' dormitory in Binh Tan District's Vinh Loc Industrial Park.The 12,400sq.m dormitory includes three blocks with 482 flats that can accommodate 3,500 workers.A kindergarten, park, supermarket and an entertainment area are also part of the VND166 billion (US$9 million) dormitory complex, which will be completed in 2010."Of the 15 industrial par... |
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[2009-06-12] HAGL inks deal for apartment sales
HAGL inks deal for apartment sales
(Listed Jun 12, 2009)
Hoang Anh Construction Company (HAGL Land) yesterday signed a cooperation agreement with An Binh Real Estate Joint Stock Company (ABLand) to continue its sales program for the Hoang Anh Riverview project which is under construction in Thao Dien Ward in HCMC's District 2.ABLand is the sole distributor of 100 apartments of the project's Block A with prices starting from VND25.2 million per square meter.A representative of An Binh Bank said... |
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[2009-06-11] People advised to be cautious when buying houses in US
People advised to be cautious when buying houses in US
(Listed Jun 11, 2009)
Vietnamese people have been flocking to the US to buy houses as real estate prices have been decreasing significantly due to the economic crisis. However, they have been told to be cautious when making deals, or they could lose everything.In recent days, many Saigonese have gone to the US to do sight seeing and seek houses to buy at the same time. They can book tours with travel firms for $3,100 per traveller.The tr... |
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[2009-06-10] Rules still hard for overseas Vietnamese to buy houses
Rules still hard for overseas Vietnamese to buy houses
(Listed Jun 10, 2009)
Though lawmakers have expressed concern in the National Assembly that overseas Vietnamese, who have recently been allowed to buy housing, would corner the real estate market, the expatriates themselves do not appear keen to buy houses.“I am not allowed to buy a house in Vietnam as I don’t have Vietnamese citizenship,” Professor Ha Ton Vinh, an overseas Vietnamese who has been teaching in here for 12 ... |
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