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[2010-03-10] Most overseas Vietnamese wish to own homes in VN: survey
Most overseas Vietnamese wish to own homes in VN: survey
Thứ 4, 10/03/2010
The survey was carried out during a gathering held in Ho Chi Minh City by the association and Novaland for nearly 400 overseas Vietnamese who had returned to Vietnam for Tet (Lunar New Year) celebrations last month. To meet overseas Vietnamese’ demand for information about the real estate market and relevant legal procedures in Vietnam, Novaland, investor of the Sunrise City Project in HCMC, said it would offer ... |
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[2010-03-10] Hanoi halts 11 golf course projects
Hanoi halts 11 golf course projects
Thứ 4, 10/03/2010
Hanoi city authorities have decided to suspend the construction of 11 out of 19 golf courses whose investors were found developing works other than golf courses on the designated land. Under the decision by the Hanoi People’s Committee’s, the investors must contact the city’s Department of Planning and Architecture in the first quarter for specific instructions on how to modify their projects, Vietnam Economic Times repo... |
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[2010-03-07] End of real estate tax breaks in Thailand will see price of new property rising in
End of real estate tax breaks in Thailand will see price of new property rising in April
(Listed March 07, 2010)
Thailand will not renew property tax breaks when they expire at the end of March as the economy is recovering and developers are returning to normal profits levels.The incentives, including a reduction in the property transfer fee, a cut in the mortgage registration fee and a lower special business tax, helped boost property sales which increased by 7% in 2009, officials said. B... |
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[2010-03-07] Thai Nguyen asked to develop steel industry
Thai Nguyen asked to develop steel industry
(Listed March 07, 2010)
State President Nguyen Minh Triet has emphasised the need for the northern mountain province of Thai Nguyen to call for investment in its steel industry. President Triet made the request while working with the provincial leaders during his two-day visit on March 2 and 3. The province needs to focus on key investment projects to make breakthroughs in economic development, he said. The State leader also asked Thai Nguyen to pay ... |
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[2010-03-07] Scores of Hanoi's future projects to be amended
Scores of Hanoi's future projects to be amended
(Listed March 07, 2010)
244 planning, construction and investment projects for Hanoi have been re-evaluated, and many of these projects will be revised and corrected in accordance with the city’s general planning rules. Prime Minister Nguyen Tan Dung agreed, in principle, for these projects to be carried on, but Hanoi authority will need to coordinate with the Ministry of Construction to revise and correct all projects tto insure they wor... |
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[2010-03-07] Irish commercial property market still challenging but confidence improving, report
Irish commercial property market still challenging but confidence improving, report shows
(Listed March 07, 2010)
Signs of rental and yield stabilisation have begun to emerge in the Irish commercial property market but conditions remain challenging, according to a new report. Prime headline office quoting rents in Dublin city centre are now stabilising at around €376 per square meter while prime headline rents in the suburbs of the capital are now steady at around €215 per square met... |
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[2010-03-04] Upscale store rents trend higher
Upscale store rents trend higher
(Listed March 04, 2010)
Retail demand is holding up in the upscale clothing and accessories sector, allowing landlords to raise rents by up to 30 percent. Nguyen, a handbag retailer with twenty outlets in HCM City, complained to Saigon Tiep Thi that some landlords are demanding higher rents. The monthly rent for his shop on Nguyen Trai street (District 1), for example, is going up by $200. The rent’s rising by $100 for his shop on Le Van Sy 100 dollar and... |
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[2010-03-04] Hai Phong getting picky over investment projects
Hai Phong getting picky over investment projects
(Listed March 04, 2010)
The northern port city of Hai Phong will no longer accept investments for projects with capital of less than US$1 million, or with technologies manufactured before 2000, according to a newly-issued decision by the Hai Phong People's Committee. Under Decision 221/QD-UBND, selected industrial projects will also be required to have an annual industrial production value of at least VND45 billion ($2.4 million) and the ability... |
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[2010-03-04] Thu Thiem tunnel sections ready for immersion under river
Thu Thiem tunnel sections ready for immersion under river
(Listed March 03, 2010)
Sections of the Thu Thiem tunnel to be installed underwater in Ho Chi Minh City’s Saigon River are now ready for transfer and immersion, according to project officials. The unique process, to be carried out for the first time in Vietnam, will see four tunnel sections measuring each 90 meters in length, 33 meters in width, and 9 meters high, submerged under the river. Workers and engineers at both the fabri... |
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[2010-03-04] Realty project management firm makes its debut
Realty project management firm makes its debut
(Listed March 04, 2010)
VinaProjects - a joint venture between the VinaCapital Group and the inProjects Group - made its debut in Ho Chi Minh City yesterday, providing real estate services. The company’s real estate services include project management, construction management, urban planning and facilities management in the Vietnamese market. The VinaProjects is currently carrying out key urban development projects worth more than US$500 mil... |
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[2010-03-03] Gold, stocks and real estate to lose luster this year
Gold, stocks and real estate to lose luster this year
(Listed March 03, 2010)
The three major investment avenues of gold, real estate and the stock market do not represent highly attractive options this year, experts say. Economist Le Dat Chi of the Ho Chi Minh City Economics University said as the economic recovery has begun and many currencies, especially the US dollar, are getting stronger, the demand for gold as a hedge asset will decrease. Although the price of gold remains high, a furthe... |
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[2010-03-03] New ways needed to thaw frozen property market
New ways needed to thaw frozen property market
(Listed March 03, 2010)
Experts and investors said the real estate market has frozen and a new approach is needed to undo the damage done by the economic slowdown. According to many analysts, a rebound for the market was not in sight early this year, because of a decline in investment by companies and banks aiming to prevent inflation. Previously, commercial banks could use 40 percent of their short-term deposit funds to make medium-and long-term ... |
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[2010-03-03] Auckland house prices hit Feb high
Auckland house prices hit Feb high
(Listed March 03, 2010)
Average prices for Auckland properties hit a February high last month, said real estate firm Barfoot and Thompson. Barfoots, which is the largest of the Auckland real estate agencies, handling around one third of residential sales, said the average price for February was $521,323 - a new high for that month and up 3.2 per cent. An increase in new listings, pushing choice to its highest level in 11 months, meant the Auckland housing mar... |
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[2010-03-02] Survey underway for new Mekong Delta expressway to HCMC
Survey underway for new Mekong Delta expressway to HCMC
(Listed March 02, 2010)
A survey has been started for a new expressway to connect the Mekong Delta province of Long An and Ho Chi Minh City’s Tan Son Nhat airport, Long An’s transport department’s director Luu Dinh Khan said March 1. Once completed, the 60-kilometer expressway to Tan An City will become the third major connection to the province after Highway 1A and the Ho Chi Minh City- Trung Luong highway. The expressw... |
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[2010-03-02] Ministry to cut red tape for construction projects
Ministry to cut red tape for construction projects
(Listed March 02, 2010)
Fees paid by developers constructing new residential buildings will be scrapped and developers will have more time before they must begin construction work after project approval, under a proposal from the Ministry of Construction. The proposal, sent to the Prime Minister for consideration, aims to streamline administrative procedures for construction projects. Including 14 key changes, the proposal calls for an extensi... |
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