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[2010-05-26] Real estate bubble taking shape in Vietnam?
Real estate bubble taking shape in Vietnam?
(Listed May, 26, 2010)
The land prices in some areas in Hanoi, especially in Ba Vi area, have been skyrocketing over the last month. Experts have warned about a ‘bubble’ which may do harm to the real estate market. Experts have every reason to worry about the new ‘land price fever’ as land prices in some areas in Hanoi have increased by 35-40 percent, while the number of successful transactions has increased by 25-30 percent.... |
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[2010-05-25] New real estate survey of expert panel indicates that US property price rises by 12
New real estate survey of expert panel indicates that US property price rises by 12.4% by 2014
(Listed May, 25, 2010)
Residential property prices in the US will begin a gradual recovery by next year and increase by more than 12.4% between 2010 and the end of 2014, according to a survey of economists, housing analysts, investment and market strategists.
The survey by housing analysts MacroMarkets also revealed that home prices nationwide are expected to have risen 4.9% in the 12 month perio... |
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[2010-05-25] Real estate developers race to build skyscrapers
Real estate developers race to build skyscrapers
(Listed May, 25, 2010)
Thirty-seven, sixty-eight, seventy, even 102 storeys – in Hanoi and Ho Chi Minh City, bigger and bigger buildings are reshaping the skyline. Most skyscraper projects have been developed by heavyweights in Vietnam’s real estate sector. In the south, everyone’s heard about Bitexco’s 68 storey ‘Bup Sen’ (Lotus) Financial Tower in Ho Chi Minh City. It’s been under construction since... |
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[2010-05-25] Leading real estate experts call for change in property buying process in the UK
Leading real estate experts call for change in property buying process in the UK
(Listed May, 25, 2010)
The new coalition government in the UK is abolishing hated home information packs but it can do a lot more to help the real estate recovery, according to consultants. Firstly the abolition of HIPs only goes halfway to encouraging more speculative vendors into the market and minimising wasted consumer expenditure, says Liam Bailey, head of residential research at Knight Frank. That is becau... |
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[2010-05-24] Tan Vien is now back on track to continue
Tan Vien is now back on track to continue
(Listed May, 24, 2010)
The $160 million Tan Vien tourism project is to continue despite earlier fears it would be scrubbed. PetroVietnam Premier Recreation Joint Stock Company, an affiliate of the Vietnam Oil and Gas Group, last week confirmed it will continue to build the international tourism project in Hanoi’s Ba Vi district. The project’s implementation was cancelled last year because a golf course segment was deemed to invade sensiti... |
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[2010-05-24] Hanoi to have one more luxury shopping mall
Hanoi to have one more luxury shopping mall
(Listed May, 24, 2010)
Grand Plaza- an international standard shopping centre will be opened in the third quarter of this year on Tran Duy Hung street, Cau Giay district, Hanoi. Located in Tran Duy Hung Street which is considered the “golden” land of Hanoi, five-storey Grand Plaza, with a total area of about 16,000 sq.m will be the largest high-class shopping centre in the city and provide a wide range of shopping options for consumers. T... |
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[2010-05-24] Real estate investors seek capital from alternate sources
Real estate investors seek capital from alternate sources
(Listed May, 24, 2010)
A lack of capital proves to be the biggest problem for real estate developers, especially because banks have scaled back real estate credit. Nguyen Tran Nam, Deputy Minister of Construction, said that in Vietnam, bank loans still play the most important role in funding real estate projects. This single source of capital simply cannot meet the needs of the rapidly developing real estate market. Statistics showed th... |
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[2010-05-24] Island investors on notice
Island investors on notice
(Listed May, 24, 2010)
Phu Quoc Island projects are facing review and alterations following the prime minister-approved adjusted master plan to develop Phu Quoc to 2030. Decision 633/QD-TTg released by the prime minister last week stated that Phu Quoc would become a special economic and administrative centre for Vietnam. It would also become a destination for domestic and international resorts and entertainment, urban development, and forest and marime preservation c... |
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[2010-05-24] West West Lake goes north
West West Lake goes north
(Listed May, 24, 2010)
The deadlocked West West Lake urban area project is about to get moving again. Land clearance and compensation problems appear to have been partly addressed after compensation expenses from the foreign developer were transferred to the capital city. A representative from the South Korean-backed T.H.T Development Company, the developer of the 207-hectare township next to the Hanoi’s West Lake, declined to comment on the case. However, the H... |
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[2010-05-21] Analysts report warns of Euro debt & currency effects on European commercial real e
Analysts report warns of Euro debt & currency effects on European commercial real estate markets
(Listed May, 21, 2010)
The Greek debt crisis and concerns about the Euro could hit European property yields and threaten the recovery in the real estate market, it is claimed. The spread between European property yields and the risk-free rate, or the yield on government bonds, is well above its long-term average, which historically has been a strong signal for investors to move into bricks and ... |
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[2010-05-21] Work begins on two bridges in Thanh Hoa and Phu Yen
Work begins on two bridges in Thanh Hoa and Phu Yen
(Listed May, 21, 2010)
The construction of the Yen Hoanh bridge spanning the Ma river started in Thanh Hoa on May 19 as an event to celebrate the 120th birthday of President Ho Chi Minh. The bridge linking Yen Dinh with Vinh Loc districts has a total investment of VND 193 billion. The ferro-concrete bridge, 393 metres in length, 10 metres in width, is expected to be opened to traffic in 22 months.As the bridge links Highways No.217, No.45 an... |
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[2010-05-21] Private sector encouraged to invest in highway construction
Private sector encouraged to invest in highway construction
(Listed May, 21, 2010)
The Vietnamese Prime Minister has approved a development plan to build and upgrade the 5.800km highway network, said Ngo Thinh Duc, Deputy Ministry of Transportation, at a conference on Vietnamese road in Tokyo on May 19. With a total investment capital of nearly US$48 billion, the Vietnamese Government will issue policies to attract investors by introducing Public Private Partnerships (PPP). Deputy Minister D... |
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[2010-05-21] Construction of Truong Son Cement Plant starts
Construction of Truong Son Cement Plant starts
(Listed May, 21, 2010)
Work began on the Truong Son Cement Plant with an annual capacity of over one million tonnes in Hai Phong city on May 19. On an area of 16 hectares in Gia Duc commune, Thuy Nguyen district, the plant will use reverter furnance cement technology provided and installed by China’s CMC Group. The plant will supply special types of cements for construction of offshore works, chemical industrial parks in service of the natio... |
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[2010-05-21] Work begins on VN’s biggest cement project
Work begins on VN’s biggest cement project
(Listed May, 21, 2010)
Kinh Bac Urban Development Corp and its affiliate Sai Gon – Tan Ky Cement Joint Stock Co began construction of a US$1.5 billion cement industrial zone on May 19, in the central province of Nghe An. Occupying a 600ha area in Tan Long Commune, the Sai Gon – Tan Ky cement industrial zone will be the country’s largest of its kind and is expected to churn out 14 million tonnes of cement annually when fully ope... |
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[2010-05-20] Critics, realtors divided over super small flats
Critics, realtors divided over super small flats
(Listed May, 20, 2010)
A proposal to develop super small apartments in Ho Chi Minh City has elicited contrasting reactions, with some experts slamming the idea on social concerns and realtors welcoming it as move to boost a sluggish market. The proposal, recently submitted to the Ministry of Construction by the Dat Lanh Real Estate Company, aims to build 100 efficiency apartments, each with an area of just 20 square meters, in HCMC’s Distr... |
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