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[2010-03-24] Work started on upgrading National Highways 53 and 54
Work started on upgrading National Highways 53 and 54
(Listed March 24, 2010)
A ground-breaking ceremony to upgrade National Highways No 53 and 54 was held yesterday in Tan Hung commune, Tieu Can district, Tra Vinh province. These are under a project to develop infrastructure facilities in the Cuu Long river delta.The project on upgrading National Highway 53 includes two bid packages. Under the first package, National Highway 53 will be upgraded from Km 56+000 to Km 60+610 with a length of 4.... |
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[2010-03-24] Northern “gold rush” to build resorts
Northern “gold rush” to build resorts
(Listed March 24, 2010)
The resort real estate market in the north that kicked-off in mid-2009 has heated up as many big investors in Hanoi have rushed to invest in this virtual gold mine. Big real estate investors once ran to the central region, especially to Ninh Thuan, Da Nang and Hoi An, to build villas and resorts. Now they are eyeing the northern region. Many resort projects in Ba Vi (a suburb district in Hanoi), Luong Son (a district in... |
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[2010-03-24] Da Nang’s real estate projects introduced in HCM City
Da Nang’s real estate projects introduced in HCM City
(Listed March 24, 2010)
At the meeting hosted by DongA Land and CB Richard Ellis Vietnam, investors were also provided with opportunities to buy apartments in the Golden Square project, which is located in the centre of Hai Chau district. Lam Quang Minh, director of Danang municipal Trade Promotion Centre, said the area is now an investment attraction with the most favourable environment in Vietnam “It is considered to be the re... |
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[2010-03-23] Nordic commercial real estate market recovering well
Nordic commercial real estate market recovering well
Thứ 3, 23/03/2010
Increased office occupier and investment activity in forecast for this year in the Nordic commercial real estate markets. But capital values still face downward pressure due to falling rents and increasing vacancies, according to the Nordic City Report Spring 2010 from consultants Jones Lang LaSalle. Nordic capital cities are showing signs of stabilisation and all Nordic markets are showing the same pattern in demand for... |
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[2010-03-23] Land tax laws look for boundaries
Land tax laws look for boundaries
Thứ 3, 23/03/2010
Heated arguments over imposing taxes for land encroachment could soon be a thing of the past. A new law named the Non-agricultural Land Use Tax Law will replace the Housing Tax Law, seen by many as redundant in today’s climate. “The largest target of the Housing Tax Law is to restrict speculation. However, de facto speculation aimed at land, not houses. Using the law to prevent speculation, thus, is not suitable,” Ministe... |
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[2010-03-23] Oversupply of offices for lease warned
Oversupply of offices for lease warned
Thứ 3, 23/03/2010
The demand for offices to rent will increase in 2010 when Vietnam’s economy shows positive signs of recovery, but the supply will rise even more sharply, creating a possible oversupply of offices. Over the next four years, some 100 projects will provide Vietnam with an additional 1.5 million square metres of offices for lease. In 2010 alone, 170,000 square metres will be added, which, experts believe, may lead to an oversupply. ... |
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[2010-03-22] An upmarket office tower to take shape in Hanoi
An upmarket office tower to take shape in Hanoi
(Listed March 22, 2010)
The Housing and Urban Developmennt Corporation (HUD) on March 21 began construction of a high-class Office Block (HUD Tower) in Thanh Xuan district, Hanoi with a total investment capital of VND1,900 billion. HUD Tower, designed by the Singapore-based KYTA Company, includes two office blocks of 32 and 28 floors. The Tower, a project to recognize the establishment of the HUD Holdings, scheduled for March 24, will have a tota... |
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[2010-03-22] Transport infrastructure projects face cash crunch
Transport infrastructure projects face cash crunch
(Listed March 22, 2010)
Funding is expected to be a major problem for transport infrastructure works this year, with allocation by the Government falling short of requirement and investors still reluctant to open their purse strings. The Thoi bao Kinh te Viet Nam (Vietnam Economic Times) newspaper quoted the Ministry of Transport as saying on Monday that work on 40 new projects would start this year in addition to many ongoing projects. They i... |
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[2010-03-22] Tardy fee-payers clog land-use agency
Tardy fee-payers clog land-use agency
(Listed March 22, 2010)
About 90 per cent, or 890,000, land-use and residence-ownership papers lodged with the Ha Noi Natural Resources and Environment Department have been approved. But about 10,000 have not been collected because their owners do not want to pay the obligatory administrative fee. "New regulations require citizens who have had their papers approved since 2005 to pay a fee 15 times higher than earlier," explained department representative N... |
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[2010-03-22] Investors positive about real estate investment in Europe in 2010
Investors positive about real estate investment in Europe in 2010
(Listed March 22, 2010)
Investors view Europe as a primary target for real estate investment in 2010 but Asia is also regarded as a clear opportunity as well, according to a new survey.At a global level some 60% of investors believe that Europe is the top target while the rest opted for elsewhere including most notably Asia, the poll for international real estate consultants CB Richard Ellis Group shows.‘This European pref... |
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[2010-03-19] Land prices smash records in Beijing property frenzy
Land prices smash records in Beijing property frenzy
(Listed March 19, 2010)
Two land sales in Beijing have shattered price records and both buyers were state-owned companies, sparking outrage and astonishment at the city's frothy property market. The soaring land prices came as worries have mounted about a housing bubble in China, though economists said that the latest auction prices reflected peculiarities of the Beijing market and did not necessarily point to nationwide trouble. China has t... |
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[2010-03-19] Construction materials’ prices trouble contractors
Construction materials’ prices trouble contractors
(Listed March 18, 2010)
Steel has increased in price. The prices of cement and other construction materials are going to increase. Real estate investors cannot raise prices, because contracts on selling apartments have already been signed. According to Pham Chi Cuong, Chair of Vietnam Steel Association, construction steel is now at 13.2 million dong per ton, while other types are selling at 12.5-12.7 million dong per ton. Cuong noted th... |
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[2010-03-19] HCMC’s Binh Thanh residents await land-use rights
HCMC’s Binh Thanh residents await land-use rights
(Listed March 18, 2010)
Ho Chi Minh City authorities have abolished plans to acquire land for the Binh Quoi-Thanh Da urban project, but many residents in Binh Thanh District’s Ward 28 have yet to receive certificates entitling them to land-use rights. Under Decision 614 by the city People’s Committee, local residents in the area are entitled to full land-use rights. As such, they can sell, donate, or mortgage their land or pro... |
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[2010-03-18] Ministry boosts transit project funds
Ministry boosts transit project funds
(Listed March 18, 2010)
The Ministry of Transport's plans to disburse around VND40 trillion (US$2 billion) for the transport system should help speed up construction of many projects this year. Since the beginning of the year, many major projects have seen faster progress, including the highway projects Ha Noi – Hai Phong, Noi Bai – Lao Cai, HCM City-Long Thanh – Dau Giay, and Ha Noi – Thai Nguyen. These projects, the largest in V... |
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[2010-03-18] Hanoi fails to halt building of skinny houses
Hanoi fails to halt building of skinny houses
(Listed March 18, 2010)
Extremely slim houses have continued to be erected in some areas of the capital despite the determination of Ha Noi authorities to eliminate them from the face of the city. A supervising delegation from the Ha Noi People's Council, led by Chairwoman Ngo Thi Doan Thanh, held a meeting on Tuesday with the Department of Construction about new houses that have sprung up in the proximity of construction projects in Hai Ba Trung D... |
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