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[2010-06-17] Some hope for hard hit Spanish property market but it needs confidence of foreign b
Some hope for hard hit Spanish property market but it needs confidence of foreign buyers to recover
Listed Jun, 17, 2010)
The latest real estate figures on prices and transactions are giving some hope that the Spanish property market is improving but foreign buyers are still not returning to the country in any great numbers.Prices are still falling, but less with every passing month, according to the monthly house price index published by Tinsa, one of Spain’s leading appraisal companies... |
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[2010-06-17] Cam Ranh - Thap Cham expressway to be built
Cam Ranh - Thap Cham expressway to be built
Listed Jun, 17, 2010)
The Ministry of Transport has given the nod to the central province of Ninh Thuan to build an expressway linking Phan Rang-Thap Cham city and the Cam Ranh International Airport in neighbouring Khanh Hoa province. Vice Chairman of the Ninh Thuan provincial People’s Committee Tran Xuan Hoa said on June 14 that the 50 kilometre long expressway will be built at a cost of VND 2 trillion (over US$105 million) from the State budg... |
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[2010-06-17] Surge in Asian investors buying new build properties in central London
Surge in Asian investors buying new build properties in central London
Listed Jun, 17, 2010)
Asian Investors are now buying more than a fifth of all central London new build properties, and account for almost half of all investment purchases in central London, a new report shows. The revival of international investment demand for new build property has been one of the most remarkable features of the residential property market over the past 18 months, according to Liam Bailey, head of resident... |
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[2010-06-17] Lawmakers debate Hanoi master plan
Lawmakers debate Hanoi master plan
Listed Jun, 17, 2010)
Deputies have agreed on the need for a master plan for the capital city until 2030 and vision to 2050. Minister of Construction Nguyen Hong Quan had earlier made clear a number of issues relating to the master plan. He stressed the whole city of Hanoi was regarded as the political and administrative center of Viet Nam, not any district or precinct within the city, so whichever location was chosen for the administration precinct, it would... |
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[2010-06-16] Falling Euro not putting off foreign investors buying prime US property
Falling Euro not putting off foreign investors buying prime US property
Listed Jun, 16, 2010)
The sinking Euro hasn’t seriously derailed foreign appetite for premiere US real estate but the next few weeks will reveal whether the Euro zone crisis will eat away at demand, according to experts. ‘We thought our foreign buyers would flee, but they haven’t as yet,’ said Pamela Liebman, president and chief executive of The Corcoran Group told the Reuters Global Real Estate a... |
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[2010-06-16] Capital shortages impede housing plans
Capital shortages impede housing plans
Listed Jun, 16, 2010)
Capital shortage is hampering the implementation of social housing projects, such as those for workers in industrial zones and low-income earners in urban areas, according to the Ministry of Construction. As of May 31, only 57 out of the 201 applicants for low-interest loans have been successful, the ministry said. By the end of May, only 33 housing projects with a total investment of VND2.5 trillion (US$132 million) for low-incom... |
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[2010-06-16] DPM on high speed rail project: “I have no misgivings”
DPM on high speed rail project: “I have no misgivings”
Listed Jun, 16, 2010)
“Vietnam can’t afford not to build the express railway,” asserted Deputy Prime Minister Nguyen Sinh Hung in the National Assembly’s question & answer session on June 12, a televised session that got top billing in all newspapers. Delivering the government’s supplementary report about the Hanoi-HCM City express railway project to the National Assembly, Hung stressed that &l... |
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[2010-06-16] Banks told to control real estate credit tightly
Banks told to control real estate credit tightly
Listed Jun, 16, 2010)
Though outstanding real estate loans had increased by just 4.54 percent by the end of May, the State Bank of Vietnam still says it will strictly supervise real estate lending, because real estate credit is considered the source of non-performing loans. Demand for loans increasing Analysts said the real estate market has warmed up in the last five months, as real estate developers have marketed many more commodities with... |
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[2010-06-15] Outlook for real estate in Bulgaria subdued but owners have enjoyed 300% appreciati
Outlook for real estate in Bulgaria subdued but owners have enjoyed 300% appreciation in last decade
Listed Jun, 15, 2010)
Real estate remains the best long term investment prospect in Bulgaria even as prices continue falling and analysts predict further declines in the coming months. The country’s leading real estate consultancy, Address, points out that values have increased by more than 300% over the past decade, and as such, the sector remains the soundest investment in Bulgaria. &ls... |
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[2010-06-15] Golf projects review could see more cancellations
Golf projects review could see more cancellations
Listed Jun, 15, 2010)
The Ministry of Natural Resources and Environment on Tuesday said it will review all planned golf projects next month and set up specific regulations for water and environment protection at the courses. In a statement posted on its website on Tuesday, the ministry said that it will evaluate the economic and environmental impacts of the projects to decide if they should continue. The ministry will cooperate with concerned a... |
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[2010-06-15] Green, convenience hand in hand at Babylon Residence 1
Green, convenience hand in hand at Babylon Residence 1
Listed Jun, 15, 2010)
The Hanging Gardens of Babylon are considered to be one of the original Seven Wonders of the Ancient World. The idea of the hanging gardens is reflected in a residential project in Ho Chi Minh City. The Babylon Residence 1 project in Thu Duc District will feature lots of trees and greenery, says the project developer, Dat Gia Consulting and Housing Co. Dat Gia chairman Vo Van Loc says the project covers almost three ... |
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[2010-06-15] HCMC says no to 20 sqm 'efficiency' apartments
HCMC says no to 20 sqm 'efficiency' apartments
Listed Jun, 15, 2010)
The Ho Chi Minh City Construction Department has rejected a proposal by a local developer to build 20 square meter apartments, saying it violates housing laws. Director Nguyen Tan Ben said his department could not approve Dat Lanh Real Estate Company’s proposal because Vietnam’s Housing Law stipulates that an apartment must have a minimum area of 45 sqm. Besides, super small apartments are not suitable for the dev... |
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[2010-06-15] CapitaLand finishes HCMC apartment body frame
CapitaLand finishes HCMC apartment body frame
Listed Jun, 15, 2010)
CapitaLand Group Tuesday finished construction of the body frame for the US$200-million The Vista apartment tower in Ho Chi Minh City’s District 2. The Singapore-based developer’s first apartment project in Vietnam will have a 28-story building with 750 units, 100 serviced apartments, and 35,000 square meters of commercial space. It sold 630 of the 850 apartments at $1,800-$2,000 a square meter and they are expecte... |
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[2010-06-14] Master plan needed to develop theme parks as demand grows
Master plan needed to develop theme parks as demand grows
Listed Jun, 14, 2010)
A master plan to develop theme parks is needed as living standards improve and demand for entertainment grows, speakers said at a conference yesterday, June 11. Addressing the first official forum on the topic, titled "Solutions for theme parks investment and development", Tong Van Nga, vice chairman of the Viet Nam Real Estate Association, said: "Entertainment demand has sharply increased and policymakers should ... |
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[2010-06-14] Binh Duong real estate heats up
Binh Duong real estate heats up
Listed Jun, 14, 2010)
A strong interest in the real estate market in the new Binh Duong City has surprised and delighted developers, and encouraged a boom in future development opportunities. Developers of the Gold Town project, consisting of 112 houses ranging in price from VND5 billion to VND8 billion ((US$264,000-$421,000) per unit in Binh Duong’s downtown area, have sold all of their properties just three weeks after they hit the market. The real esta... |
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