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[2010-07-06] Sales in Manhattan rise substantially as job prospects spurs confidence in the real
Sales in Manhattan rise substantially as job prospects spurs confidence in the real estate markets
Listed Jul, 06, 2010)
Apartment sales in Manhattan have soared 80% in the second quarter of 2010 reaching their highest level since 2008, the latest real estate figures show. An improving jobs market is cited as the main reason behind the improvement, according to a report from New York appraiser Miller Samuel and broker Prudential Douglas Elliman Real Estate. Prices are fairly stable with... |
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[2010-07-06] How to raise capital for real estate projects
How to raise capital for real estate projects
Listed Jul, 06, 2010)
Most real estate projects that began construction at the end of 2009 have been suspended for lack of capital.A thirst for capital According to Professor Dang Hung Vo, like other many other countries, Vietnam will face numerous difficulties in the real estate market this year. The excessive amount of mortgages loaned by American commercial banks seriously affected US financial markets and led to the global economic crisis ... |
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[2010-07-01] Domestic steelmakers feel pressure from falling price
Domestic steelmakers feel pressure from falling price
Listed Jul, 01, 2010)
Steel retailers are suffering significant losses due to overstock and price cuts during the construction season. Since the beginning of this month, the Viet Nam Steel Association (VSA) has received two notices of steel price reductions from its member companies. The steel mills have cut prices by VND300,000-600,000 per tonne in an attempt to clear their stockpiles. With June’s cuts, the steel price is roug... |
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[2010-07-01] Localities more careful when attracting FDI
Localities more careful when attracting FDI
Listed Jul, 01, 2010)
Many localities have become more careful when attracting foreign direct investment (FDI) as they have laid out specific conditions and commitments for investors, will only select projects that are in line with their development objectives and will halt any projects that are way behind schedule. According to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, although FDI projects contributed o... |
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[2010-07-01] Owning a home still a dream deferred
Owning a home still a dream deferred
Listed Jul, 01, 2010)
Sky-high real estate prices make buying a house or apartment nigh on impossible for many in Ho Chi Minh City. Nguyen Hoang Hai moved from the Mekong Delta province of Ben Tre to work in HCMC ten years ago. Now a deputy media manager for a foreign company, he still does not have an apartment to call his own. Hai said with his monthly salary of VND7 million (US$370), he will have to work hard and live a simple and frugal life for a f... |
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[2010-06-30] Luxury property prices in Singapore expected to rise by up to 8%
Luxury property prices in Singapore expected to rise by up to 8%
Listed Jun, 30, 2010)
Prices of luxury property in Singapore are set to rise between 5 and 8% due to solid economic fundamentals, strong cash holdings by Singaporeans and low interest rates, it is claimed.According to a leading strategist at Swiss bank UBS prices of mid and lower range real estate could hold at current levels for at least the next 12 months, prices of high end properties will grow.‘Luxury properties such as... |
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[2010-06-30] Poor projects to go under glass
Poor projects to go under glass
Listed Jun, 30, 2010)
Many steel plants will have to operate at lower capacities, resulting in waste and ineffectiveness.The Ministry of Industry and Trade last week announced that it would promote the inspection of steel manufacturing projects across the country to ensure the termination of overdue and ineffective ones.Under a document sent to relevant ministries and localities coded 5775/BCT-CNNg, the ministry’s deputy minister Le Duong Quang stressed th... |
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[2010-06-30] Prime rate to remain unchanged
Prime rate to remain unchanged
Listed Jun, 30, 2010)
The State Bank of Vietnam will keep the prime rate unchanged at eight percent at least through next month as part of the ongoing effort to help commercial banks lower lending interest rates.The refinancing and overnight rates also will remain at eight percent and the discount rate at six percent. The central bank is continuing to allow banks to negotiate commercial loan rates, but the Government has ordered commercial banks to cap loan rates... |
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[2010-06-30] Vietnam’s FDI prospects bright for 2010
Vietnam’s FDI prospects bright for 2010
Listed Jun, 30, 2010)
The disbursement rate of foreign direct investment (FDI) projects in 2010 is expected to increase by 10 percent over 2009.The Central Institute for Economic Management (CIEM) has predicted this percentage in its basic scenario for Vietnam’s 2010 national economic development. Within their estimates, the disbursement rate of FDI projects in 2010 may reach $11 billion.Under CIEM’s optimistic prediction, with the expa... |
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[2010-06-29] London commercial property market vibrant thanks for foreign investment
London commercial property market vibrant thanks for foreign investment
Listed Jun, 29, 2010)
London’s West End commercial property market is currently seeing a high level of activity, particularly from foreign investors, with several recent landmark sales in the office and retail markets. According to Simon Taylor, head of the commercial department at specialist West End estate agency, LDG, foreign investors want to buy tangible assets and commercial property in London is seen as a... |
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[2010-06-29] Some signs of stability in hard hit Dubai property market but levels still way belo
Some signs of stability in hard hit Dubai property market but levels still way below peak
Listed Jun, 29, 2010)
The value of residential property transactions in Dubai is increasing but is still well below what it was this time last year, according to a report from consultants. Total transaction values rose 50% during the second quarter of 2010 with the number of residential transactions up by 49% but this is still down 35% on a year earlier, according to the report from Jones Lang LaSall... |
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[2010-06-29] New boom in vacation homes
New boom in vacation homes
Listed Jun, 29, 2010)
Investing in vacation villas and garden-view houses in resorts and tourist sites is a new Vietnamese real estate trend, but it is not easy for companies to gain quick profits. Le Duc Hien, deputy director of Viglacera Land, said most vacation villa projects in Ha Noi and neighbouring areas were in the process of construction, but many had attracted the attention of visitors thanks to their welcoming environment. Le Duc Hai, director of the ... |
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[2010-06-29] Foreign property investors to be banned from owning land in Brazil
Foreign property investors to be banned from owning land in Brazil
Listed Jun, 29, 2010)
Foreign real estate investors interested in buying land in Brazil could face a tightening of restrictions as the country cracks down on ownership over food security issues. Those who have already bought land and large rural properties by creating Brazilian companies face title deeds being revoked under tough measures that are currently being drawn up, it has been confirmed. Government officials have co... |
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[2010-06-25] VinaLiving begins 2nd sale of villas in Dong Nai
VinaLiving begins 2nd sale of villas in Dong Nai
Listed Jun, 25, 2010)
The VinaCapital Real Estate Limited-owned VinaLiving has launched a sale of 54 semi-detached villas of 300-450 square meters each at its Sen Phuong Nam (Southern Lotus) project in Dong Nai Province.The US$64 million development in Nhon Trach District is expected to be completed in the second quarter of 2012. The project, which broke ground and sold a first lot of units in April, is managed by Dat Xanh Co, DIC, and Savills V... |
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[2010-06-25] Hanoi starts work on new high-rise building complex
Hanoi starts work on new high-rise building complex
Listed Jun, 25, 2010)
Work was started on June 23 for a high-rise building complex on an area of 10,218 s.q.m on Cau Giay street in the district of the same name. With a total investment capital of over 3.57 trillion VND (roughly 189.2 million USD), the complex includes two 38-storey office buildings and a 50-storey luxury apartment building.The first five storeys of the two office buildings will be used as trade centres.The building complex ... |
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