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[2010-04-07] Final bids for Noi Bai-Lao Cai highway get the go-ahead
Final bids for Noi Bai-Lao Cai highway get the go-ahead
(Listed Apr 07, 2010)
The last two out of a total of eight bidding packages for the Noi Bai-Lao Cai highway were handed over to a Korean company on April 6. The Vietnam Expressway Investment and Development Company (VEC) transferred the packages to Keangnam Enterprises Co., Ltd of the Republic of Korea which is in charge of the project. The A4 bidding package covers construction work on a 29.74 km highway costing over VND1.6 trillion in t... |
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[2010-04-07] Hanoi suburban real estate prices climbing daily
Hanoi suburban real estate prices climbing daily
(Listed Apr 07, 2010)
Hanoi will have five satellite urban areas, so prices in the suburban areas have risen. Capital is flowing into the real estate sector, while it is still unclear about trends in other investment channels. According to Dat Viet newspaper, apartment prices in new urban areas plus houses alongside Le Van Luong and Khuat Duy Tien roads are steadily increasing. Even small speculators profit Nguyen Vinh Quy purchased 100 square ... |
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[2010-04-02] Australia: National shortage of property set to drive real estate prices higher
Australia: National shortage of property set to drive real estate prices higher
(Listed Apr 02, 2010)
A national shortage of property in Australia is predicted to get worse and the ongoing gap between demand and supply is set to continue increasing, according to analysts. All levels of government and the building industry are struggling to keep up with the country’s growing population and people are being locked out of the property market as a result. Official figures suggest that the cu... |
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[2010-04-02] Where are Viet Kieu house-buyers?
Where are Viet Kieu house-buyers?
(Listed Apr 02, 2010)
High prices and complicated procedures are two main factors that hinder Viet Kieu (overseas Vietnamese) plans to buy houses in Vietnam. When the Government allowed Viet Kieu to purchase houses in Vietnam, real estate investors rejoiced. They hoped to earn tons from selling houses to Viet Kieu. Now, very few houses have been sold, even though a series of high-end real estate projects have been launched. Real estate agents report that many... |
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[2010-04-02] Skirting banks using bonds
Skirting banks using bonds
(Listed Apr 02, 2010)
High interest rates of 17-18 percent per annum keep many real estate developers from accessing bank loans. Still, adversity brings wisdom: they now want to mobilize capital from the public by issuing bonds. Sacomreal is the first company in HCM City to try this method. At first, Sacomreal issued bonds to raise funds for Phu Loi 1 project. After that, capital for the Belleza project was gathered through issuance of bonds totaling 750 billion dong... |
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[2010-04-01] UK residential property prices still rising and now 9% higher than a year ago
UK residential property prices still rising and now 9% higher than a year ago
(Listed Apr 01, 2010)
Residential property prices in the UK increased by 0.7% month-on-month in March and by 1.6% in the first quarter of 2010, according to the latest index. Price rises in March have largely reversed a 0.8% fall in February and the average property is 9% higher than a year ago, the data from the Nationwide shows. It also reveals that stamp duty savings meant the typical first time buyer was £1... |
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[2010-04-01] 10 more bridges to be built in Ben Tre
10 more bridges to be built in Ben Tre
(Listed Apr 01, 2010)
10 bridges will be built in the form of ‘build – transfer’ on the provincial road 883 in Ben Tre. The provincial People’s Committee has been assigned by the Prime Minister to make its decision on this. It has also been requested to define the way to select investors in compliance with the existing regulations. The Ministry of Planning and Investment and the Ministry of Finance have been asked to add the above... |
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[2010-04-01] Overseas Vietnamese keep off housing market
Overseas Vietnamese keep off housing market
(Listed Apr 01, 2010)
Although four million overseas Vietnamese are now permitted to buy houses in Vietnam following the passage of new regulations last year, only some 140 have succeeded in doing so. Many who were considering buying one were dissuaded by the rising prices. The price volatility was something to be carefully watched before deciding to buy, Nguoi Lao Dong (The Laborer) newspaper quoted Vinh Nghiem, an American Vietnamese, as saying,... |
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[2010-04-01] Korean investor to build exhibition center in HCM City soon
Korean investor to build exhibition center in HCM City soon
(Listed Apr 01, 2010)
Korean-invested Sky Expo Vietnam Co. will start work on a large-scale exhibition center in HCMC’s Quang Trung Software City in the middle of next month, mainly to cater to ICT events in the country, said the investor. Sky D. Kim, general director of Sky Expo Vietnam, told the Daily on Monday the sprawling exhibition center named Saigon Sky Expo Center would cost some US$44.6 million, and first-phase cons... |
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[2010-04-01] Construction works along new HCMC roads need regulation: official
Construction works along new HCMC roads need regulation: official
(Listed Apr 01, 2010)
The Ho Chi Minh City Department of Planning and Architecture must prepare draft regulations for managing construction works along the East-West Highway and submit them to the People’s Committee by the end of May, said City Chairman Le Hoang Quan. He gave the instructions during a meeting held March 30 with local agencies to discuss management of construction projects along the highway as well as the T... |
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[2010-03-31] Lion Group to build more Parkson centres
Lion Group to build more Parkson centres
(Listed March 31, 2010)
The Lion Group plans to open more Parkson shopping centres in Vietnam to maintain the chain’s development and expand their retail network. The group manages 82 Parkson stores, with five in Vietnam, 42 in China, and 35 in Malaysia. Parkson is focused on fashion, jewellery, cosmetics, furniture, electric goods and food. Besides the Vietnamese and Chinese markets, Lion plans to penetratethe Cambodian and Indonesian and oth... |
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[2010-03-31] Master zoning plan will not move Vietnam capital
Master zoning plan will not move Vietnam capital
(Listed March 31, 2010)
A master zoning plan for Hanoi until 2030 will not move all the central government agencies out of the capital’s center as recently speculated, an official said. In fact, a national administrative center would be set up around Ba Vi Mountain, some 60 kilometers from the city’s center, while many central political and constitutional agencies would stay in Ba Dinh District, Ngo Trung Hai (photo), head of Vietna... |
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[2010-03-30] Real estate confidence still weak
Real estate confidence still weak
(Listed March 30, 2010)
Some extra weakness is showing up in the residential real estate and investment market, the latest BNZ confidence survey has found. According to the survey, published today, a net 42 per cent of respondents were confident about the economy in a year's time, compared to 35 per cent three weeks ago. BNZ chief economist Tony Alexander said that while confidence levels had essentially stabilised at high levels, there was no indication of a ... |
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[2010-03-30] Real estate industry welcomes new property index for Singapore
Real estate industry welcomes new property index for Singapore
(Listed March 30, 2010)
A new residential property index is to be introduced in Singapore in a move that is widely believed will increase transparency in the real estate market and stability at a time when prices are soaring. The new Singapore Residential Price Index (SRPI) formulated by the Institute of Real Estate Studies at the National University of Singapore will track prices of completed private non-landed homes month on mont... |
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[2010-03-30] VND 1.3 trillion for a ring road around Phu Quoc island
VND 1.3 trillion for a ring road around Phu Quoc island
(Listed March 30, 2010)
The construction of a ring road around the Phu Quoc island started in Kien Giang province on March 27. The road, 16.5 kilometres in length, 42 metres in width, has six lanes including four 3.5 metre wide motorised lanes and four bridges, with a total investment of VND 1.3 trillion. It is expected to be completed within one year.
Source: Nhan Dan
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