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[2010-04-14] Deposits skip around from bank to bank
Deposits skip around from bank to bank
(Listed Apr, 14, 2010)
Depositors, especially businesses with large sums, have gained the initiative in bargaining for interest rates, leaving commercial banks at the mercy of short-term depositors who are here today, gone tomorrow. Though commercial banks have set deposit interest rates at 10.49 percent on average, many depositors are telling them that if banks do not pay interest rates of 14.5 percent, they will leave and deposit their money elsewhere... |
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[2010-04-13] Central Bangkok land prices soar 88% as real estate analysts say political unrest u
Central Bangkok land prices soar 88% as real estate analysts say political unrest unlikely to impact
(Listed Apr 13 2010)
Land prices in central Bangkok have increased by 88% since 2007 and the upward trend is expected to continue despite the worst political unrest in almost 20 years which has left 21 dead and over 800 injured. Research from real estate company Binswanger Brooker (Thailand) shows that prices for prime plots in the central Ploenchit area of the city have exceeded the heady leve... |
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[2010-04-13] HCM City may scrap construction ban
HCM City may scrap construction ban
(Listed Apr 13 2010)
In 1996 the Government decided to take over lands in HCM City's Binh Chanh District to build a 2,600-ha new urban area but 14 years later the project remains on paper. But in that time, people in four communes – Binh Hung, An Phu Tay, Phong Phu, and Hung Long – have not been allowed to build, sell, or even repair their houses. This is not the only area that has been affected in this manner in the city, with thousands of hou... |
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[2010-04-13] US$314 million to build West Lake Urban Area
US$314 million to build West Lake Urban Area
(Listed Apr 13 2010)
The West Lake Urban Area will be built in Xuan La Ward in Tay Ho District, Nghia Do Ward in Cau Giay District and Xuan Dinh and Co Nhue Wards in Tu Liem District at a cost of US$314 million. The project is invested by T.H.T Development Ltd Company and will be built by five companies from the Republic of Korea. Covering 207 ha and accommodating around 78,000 people, the new urban area will consist of an administration centre, a ... |
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[2010-04-13] World Bank adds $90 mln to Vietnam sewer project, deadline extended
World Bank adds $90 mln to Vietnam sewer project, deadline extended
(Listed Apr 13 2010)
The World Bank has agreed to give another US$90 million to a major Ho Chi Minh City sewer project, the deadline of which has been extended for another one and a half years, a local official said on Friday. The new deadline for completion of the Nhieu Loc – Thi Nghe project is now next December. The new funds have bumped the project’s total investment up to nearly $290 million. According to the ... |
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[2010-04-13] High interest rates a brake on expansion
High interest rates a brake on expansion
(Listed Apr 13 2010)
Many small and medium-d companies are considering shifting to other businesses or cutting production levels because of the high interest rates on bank loans. Economic experts warned that such rates could severely affect economic growth and end up stifling business production. Tran Tan Thuat, general director of Sao Xanh Co Ltd, said his animal feed factory in Dong Nai Province operated at only 70 per cent of capacity. "At this time... |
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[2010-04-12] Hong Kong property price rises provoke concern over boom bust in Chinese real estat
Hong Kong property price rises provoke concern over boom bust in Chinese real estate market
(Listed Apr 12 2010)
Property prices in Hong Kong housing hit a 12 year high in the first quarter of this year after increasing 7.5% from the end of 2009. The surge was due to a combination of low interest rates, limited supply and growing confidence in Hong Kong’s economic recovery, according to a housing index compiled by Centaline Property Agency. It Centa-City Leading Index showed that Hong Ko... |
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[2010-04-12] Latest index shows rise in UK property prices in March but outlook is flat
Latest index shows rise in UK property prices in March but outlook is flat
(Listed Apr 12 2010)
Residential property prices in the UK bounced back in March, rising by 1.1%, after having fallen in February, according to the latest index. It was the eighth rise in the past nine months, taking the average price to 9.1% above the low point reached last April, the Halifax index shows. The increase partly offsets February’s 1.6% fall and takes the average value of a home to £168,521. H... |
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[2010-04-12] Office rental rates decrease further
Office rental rates decrease further
(Listed Apr 12 2010)
Hanoi office rental fees decreased by 3.6 percent in the first quarter of 2010 over the fourth quarter of 2009 to $27 per square meter. At the same time, however, office occupancy rates have risen. According to Savills Vietnam, a real estate consultancy service provider, the occupancy rate in the first quarter was 85 percent, a slight increase of two percent over the previous quarter and the same increase with the growth rate in the thi... |
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[2010-04-12] Steel prices increasing on speculation: Vnsteel
Steel prices increasing on speculation: Vnsteel
(Listed Apr 12 2010)
The price of steel has continued to increase because of speculation, Vietnam Steel Corporation (Vnsteel) representatives said at a meeting in Ho Chi Minh City on April 9. The conference was held to discuss measures to stabilize domestic steel prices. According to Vnsteel, demand for the commodity has recently increased sharply as many traders have been buying more steel for speculation. A huge amount of steel products are no... |
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[2010-04-08] Super-small houses in Hanoi, as a matter of course, says official
Super-small houses in Hanoi, as a matter of course, says official
(Listed Apr 08, 2010)
The director of Hanoi Department of Construction said that the capital is a developing city, so super-small and crooked houses are a matter of course. Speaking before the Hanoi People’s Council in a meeting on April 6, Do Xuan Anh explained that many houses and pieces of land in residential areas are not standard in shape, so when new roads are built, crossing residential areas, the super-thin and cro... |
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[2010-04-08] High - end lodging for workers
High - end lodging for workers
(Listed Apr 08, 2010)
One might liken it to a resort, having seen magnificent buildings overlooking a central swimming pool lined with palm trees and surrounded by well-shaped lawns and greenery, all on a terraced campus sprawling over a vast area of four hectares plus.The really stunning fact regarding the real estate, however, does not lie in the nice buildings developed by Korean-invested Doosan Heavy Industries Vietnam (Doosan Vina), but in the purpose: for w... |
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[2010-04-08] Dong Nai sees host of failed housing projects
Dong Nai sees host of failed housing projects
(Listed Apr 08, 2010)
Nhon Trach District in the southern province of Dong Nai is well known for its strategic location near a bridge connecting to Ho Chi Minh City and close to Long Thanh International Airport. However, despite its prime location, the district has been left fallow due to a mass of sluggish housing projects. One of the largest projects is the Long Tho residential area in Phuoc An Commune, invested in by the Housing and Urban Dev... |
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[2010-04-07] US apartment market may have turned corner
US apartment market may have turned corner
(Listed Apr 07, 2010)
U.S. apartment vacancy rates stopped rising and rents increased modestly in the first quarter, signs the market is poised to recover, according to real estate research firm Reis. The first-quarter U.S. apartment vacancy rate stood at 8 percent, unchanged from the fourth quarter of 2009 but the highest since 1986, when the rate was 7.8 percent, according to the Reis report, which was released on Tuesday. "If the second and third q... |
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[2010-04-07] Developers warn that property costs are rising in India
Developers warn that property costs are rising in India
(Listed Apr 07, 2010)
The cost of buying a property prices in India could increase by 12% in 2010 due to the rising cost of construction materials, taxes and rising interest rates, it is claimed. Cement and steel prices are increasing and this is likely to be passed on directly by developers and a 10% service tax on purchase of apartments will both make buying more costly, according to the Confederation of Real Estate Developers Associati... |
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