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[2010-05-20] Four departments to check social housing applications

Four departments to check social housing applications (Listed May, 20, 2010) In addition to the Department of Construction and the Department of Labor, the Departments of War Invalids and Social Affairs, as well as representatives of the Hanoi Father Front Committee and the Hanoi Party Committee, will now take part in the examination of processing applications to by or rent social housing. After passing inspections, the four organizations will send a list of qualified applicants to the Hanoi P...
[2010-05-20] Scotland seeing a weak recovery in residential house prices

Scotland seeing a weak recovery in residential house prices (Listed May, 20, 2010) The residential real estate market in Scotland is still weak but beginning to show signs of a recovery, according to the latest property index published today (Tuesday May 18).In the first quarter of the year the average price of property increased 0.7% compared with the last quarter of 2009 and the average Scottish house price is now £157,801, the Scottish House Price Monitor from Lloyds TSB Scotland show...
[2010-05-20] Property in Bulgaria predicted to stabilise in second half of 2010 with Sofia leadi

Property in Bulgaria predicted to stabilise in second half of 2010 with Sofia leading the recovery (Listed May, 20, 2010) Bargain prices, a good choice of supply and more suitable credit conditions are poised to help lift the real estate market in Bulgaria out of the doldrums, according to analysts. Although they expect some price falls generally they are predicted to stabilise in the second half of 2010 and the market return to normal within the next 12 to 18 months. Sofia, the country’...
[2010-05-20] Small apartments: easy to build, easy to sell

Small apartments: easy to build, easy to sell (Listed May, 20, 2010) Separate small apartment blocs are best sellers now and have helped warm up the lagging real estate market. According to real estate firms, more and more investors want land plots with an area of 5000-7000 square metres. A land owner of a 7500 square metre plot in HCM City reported that just two days after he placed a newspaper advertisement, at least 20 people came to ask about the plot. “Most of them were investors...
[2010-05-17] International airport plan for Hai Phong

International airport plan for Hai Phong (Listed May, 17, 2010) Deputy Prime Minister Hoang Trung Hai has asked the Ministry of Transport to submit a proposal by the end of this year for construction of a new international airport in the northern city of Hai Phong’s Tien Lang District. He issued the order during a working trip to the city to inspect progress on a project to improve the city’s port system. The order deviates from earlier plans to upgrade Cat Bi Airport in Hai Pho...
[2010-05-17] Industrial parks lose appeal for investors

Industrial parks lose appeal for investors (Listed May, 17, 2010) Investment into industrial parks is declining and many have failed to attract any new projects over the past two years, the Vietnam Economic Times reported Wednesday. According to the Ministry of Planning and Investment, since 2008 foreign investment has been focused on real estate, hotel and mining projects, all of which operate outside industrial parks. Vietnam has 228 industrial parks taking up a total area of 58,400 hectares...
[2010-05-17] New bridge lifts home values

New bridge lifts home values (Listed May, 17, 2010) The new bridge linking Can Tho and Vinh Long has boosted the property market in new urban areas near the bridge and crippled other areas with railings that have been placed along the side of the road. The property market in the area near the bridge’s end in Can Tho Province and Vinh Long Province in the Mekong delta started to heat up after a prolonged slump. Hundreds of newly-built one-storey and two-storey houses in the South Can Tho ...
[2010-05-17] US firm highlights Vietnam’s potential housing market

US firm highlights Vietnam’s potential housing market (Listed May, 17, 2010) Vietnam’s housing industry has much potential to develop, RNCOS, a US market consulting service company, has said. In a new report released on May 13 on its official website, RNCOS underlined that Vietnam’s housing industry is characterized by massive housing shortage and offers ample scope for developments. Vietnamese housing market is on the urbanization process with an increase in the number of ho...
[2010-05-15] VND12 trillion needed for housing construction

VND12 trillion needed for housing construction (Listed May, 15, 2010) From now until 2020, Hanoi will need an additional 500 ha of land to build houses for workers at a total cost of VND12 trillion.The total number of workers in Hanoi will increase by 600,000 by 2015 and by 640,000 by 2020, meaning that over 1 million will need permanent housing. To address this demand, the Vice Chairman of the Hanoi municipal People’s Committee, Phi Thai Binh, has asked the relevant State management age...
[2010-05-15] Property repossessions and mortgage arrears in UK fall in first quarter of 2010

Property repossessions and mortgage arrears in UK fall in first quarter of 2010 (Listed May, 15, 2010) Arrears and repossessions in the UK are down but there is still vulnerability in the system as the property market remains fragile, experts are warning.The latest figures from the Council of Mortgage Lenders show that repossessions and mortgages entering arrears both fell in the first quarter of the year. However, the CML warned that this was no cause to complacency as a large number of house...
[2010-05-15] Economist argues interest rates should be eased further

Economist argues interest rates should be eased further (Listed May, 15, 2010) Dr. Tran Hoang Ngan, a renowned economist, believes that a lending interest rate of 12-13 percent would be the most reasonable.Dr. Tran Hoang Ngan, Deputy President of HCM City Economics University and a member of the National Advisory Committee for Finance and Monetary Policies gave a recent interview to Dau tu chung khoan. He asserted that the current negotiable interest rates are affordable for businesses, but in...
[2010-05-15] Hanoi asks Russia’s assistance subway project

Hanoi asks Russia’s assistance subway project (Listed May, 15, 2010) Chairman of the Hanoi People’s Committee Nguyen The Thao invited Russian investors to take part in Hanoi’s first subway project in talks with Moscow Mayor Yuri Luzhkov on May 12.Thao asked for Russia’s assistance in designing a subway system for Hanoi, which is expected to begin operational in 2012. Hanoi authorities in 2007 agreed to build a subway system in the city at the total cost of $2 billion. T...
[2010-05-10] Foreign real estate developers target low cost apartments

Foreign real estate developers target low cost apartments (Listed May, 10, 2010) Foreign real estate developers, who mostly invest in high-end apartments, now have begun eyeing popular low cost units. Reports released by market survey firms have pointed out that while the demand for high-end apartments is lagging, low cost and popular apartments have been selling extremely well. Foreign real estate developers, who have realized the high demand for affordable apartments, have jumped on the ba...
[2010-05-10] Building materials industry wants tax cuts

Building materials industry wants tax cuts (Listed May, 10, 2010) The Viet Nam Construction Materials Association has proposed that the Government consider a 5 per cent reduction in VAT from the current 10 per cent on building materials to help the industry counter increased input costs. The association said that in the first quarter of this year, the prices of building industry materials including sand, stone and cement have risen significantly along with price surges of electricity, petrol a...
[2010-05-08] Residential real estate market in Poland stablising

Residential real estate market in Poland stablising (Listed May, 08, 2010) The residential property sector in Poland is showing signs of recovery as new units come onto the market and banks begin to ease tight lending restrictions, a new report shows.In Poland’s main cities of Warsaw, Krakow and Poznan, the number of residential units launched for sale was similar to the number sold, indicating a balance in the market place, says the report from REAS covering the first quarter of 2010.&n...
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