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[2010-09-30] Beautiful seascapes become private property?
Beautiful seascapes become private property?
Listed Sep 30, 2010
Development experts warn that many beautiful beaches will become private property if seaside cities cannot guide plans for the future carefully.Many tourism projects in Ba Ria-Vung Tau province had been kept quiet after the developers were granted investment licenses. However, the projects are once again a hot topic, as many have become real estate tourism projects.Along the coastal road from Long Hai Town in Long Dien District t... |
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[2010-09-21] Ha Noi issues regulations on social housing ownership
Ha Noi issues regulations on social housing ownership
(Listed Sep 21, 2010)
The Ha Noi People’s Committee has issued regulations concerning the management and use of social housing.The regulation was drafted in response to public concern that the housing units would be exploited by the rich, leaving the poor unable to benefit.The new regulation, which was adopted on Monday, sets conditions for those who are allowed to purchase and rent the houses. Civil servants, military officers, servi... |
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[2010-09-21] Hanoi to collect citizen comments about Vietnam’s most modern theatre
Hanoi to collect citizen comments about Vietnam’s most modern theatre
(Listed Sep 21, 2010)
Hanoi Mayor Nguyen The Thao on September 14 decided to organize an exhibition of designs of the Thang Long Theatre from September 22-29 to collect people opinions.The exhibition will take place at the Hanoi Cultural Friendship Palace.After the exhibition, Hanoi authorities will summarize people comments to make final decision on the theatre design. The groundbreaking ceremony will be held on... |
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[2010-09-21] HCM City loses green space to construction
HCM City loses green space to construction
(Listed Sep 20, 2010)
Land earmarked for planting trees has been usurped for developing infrastructure, undermining efforts to build green spaces in the city, officials say.In fact, under national standards, the per capita green tree area should be seven square metres per person, but this was just 0.92 square metres per person, they announced at a recent press conference.The city’s Department of Transport said there had been a recent reduction i... |
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[2010-07-09] Dai Nam Tourist Site gets US$150 million expansion
Dai Nam Tourist Site gets US$150 million expansion
Listed Jul, 09, 2010)
More than VND3 trillion (US$150 million) will be invested in the second phase of the Dai Nam Tourist Site, announced the Dai Nam Joint Stock Copmany on July 1. “The second phase construction will be completed soon. We hope that the park will be a pride for Vietnamese people and a place honoring Vietnamese traditional culture” he added.The Dai Nam Tourist site covers on an area over 450 hectares in the town of ... |
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[2010-07-09] Banks rush to open savings funds
Banks rush to open savings funds
Listed Jul, 09, 2010)
Commercial banks over the past two months have been in a race to open savings funds to attract more depositors now that the central bank has introduced a policy restricting banks from opening new branches and offices. Such savings funds, which are not allowed to give loans, are seen as the fastest way for banks to widen their networks. Such affiliates still are allowed to mobilize funds, issue and discount valuable papers issued by the ban... |
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[2010-07-08] Housing loophole closure to shut door on controversy
Housing loophole closure to shut door on controversy
Listed Jul, 08, 2010)
The government has closed housing sales legal loopholes that have confused developers and claimed thousands of victims.Decree 71/2010/ND-CP dated June 23, 2010 provides clearer regulations on how real estate developers can raise capital from customers for housing developments, an issue that the Housing Law has failed to provide sufficient guidelines.According to the decree, housing developers will be allowed to raise ca... |
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[2010-07-08] French property loans tightening for self employed but banks boost lending for leas
French property loans tightening for self employed but banks boost lending for leaseback
Listed Jul, 08, 2010)
The French mortgage market is experiencing a tightening of bank policy towards accepting clients in some sectors because the economy has slowed but current currency rates are good news for British buyers.Leading French loan broker Athena Mortgages said that attitudes amongst many of the banks have now changed and there is more caution about lending in particular to self employed peopl... |
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[2010-07-08] PMC gets greenlight for Phu My beltway project
PMC gets greenlight for Phu My beltway project
Listed Jul, 08, 2010)
HCM City People's Committee has approved Phu My Construction Investment Corporation (PMC), the builder and operator of Phu My Bridge, to construct a belt-road to link with the Ha Noi Highway.The committee granted the approval for the connection from the bridge to Street 25B after the company complained that not enough vehicles were using the bridge because there wasn't a belt road."Only 6,000 vehicles use the bridge per day, ... |
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[2010-07-08] More gloom for Cyprus real estate market as title deeds law is delayed
More gloom for Cyprus real estate market as title deeds law is delayed
Listed Jul, 08, 2010)
Property owners and potential owners in Cyprus are facing a series of gloomy news as attempts to sort out the island’s long running title deeds disputes are delayed and an expected recovery in the real estate market is failing to materialise. The Cyprus government has been unsuccessful in its attempt to introduce the five bills designed to accelerate the issue of Title Deeds by the end of the par... |
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[2010-07-08] Govt and analysts expects property prices in China to fall by up to 20% in coming m
Govt and analysts expects property prices in China to fall by up to 20% in coming months
Listed Jul, 08, 2010)
Senior Chinese officials are claiming that they have no plans to launch a new round of property market tightening as they expect prices to fall considerably in coming months.Wang Yulin, deputy research head at the Ministry of Housing and Urban Rural Development, said the government would step up efforts to implement tightening measures which have already been announced to rein in the ... |
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[2010-07-07] Tax changes in NZ likely to result in falling property prices and higher rents
Tax changes in NZ likely to result in falling property prices and higher rents
Listed Jul, 07, 2010)
Residential property prices in New Zealand will fall about 2% this year, 2% in 2011 and rents are likely to rise, according to economists.Tax changes, rising interest rates and a falling population are all predicted to contribute to the contraction of the country’s real estate market with prices already down 12% from their peak in 2007.Tax changes due to take effect on October 1 are one o... |
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[2010-07-07] Cement industry slammed for ‘overly hot investment’
Cement industry slammed for ‘overly hot investment’
Listed Jul, 07, 2010)
After criticisms of the tile and then steel industries, now the cement industry is being slammed for ‘overly hot investment’. The Ministry of Construction and related companies must strain to settle overproduction.Every year, Vietnam consumes a large volume of cement to develop infrastructure and build houses. Development experts claim that it is therefore necessary to develop the cement industry.... |
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[2010-07-07] Bank capital search stymied, critics blame Govt decree
Bank capital search stymied, critics blame Govt decree
Listed Jul, 07, 2010)
An expert from the Vietnam Banking Association believes that some five commercial banks will not be able to increase their chartered capital to three trillion dong in 2010 as instructed.The State Bank of Vietnam (SBV) has urged commercial banks to speed up the process of increasing chartered capital to three trillion dong many times. SBV stresses that banks lacking this capital will not be allowed to exist after Decem... |
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[2010-07-06] Consultants predict massive over supply for Dubai office property market
Consultants predict massive over supply for Dubai office property market
Listed Jul, 06, 2010)
Office vacancy rates in Dubai are expected to exceed 50% over the next year as new supply continues to be released amid fears that the commercial real estate market is unlikely to recover in the short term. More than two million square feet of office space was completed during the second quarter of this year an another 15 million is scheduled to be completed during the next six months, accordin... |
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