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Statistics |
| Unique Visitors: 15 |
| Total Unique Visitors: 180702 |
| Visitors Out: 2607 |
| Total Visitors Out: 2607 |
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| Hanoi mega-metropolis plan lauded |
| 2008-05-10 16:11:00 |
Under the mega-metropolis plan, which received the green light from Prime Minister Nguyen Tan Dung earlier this week, Hanoi will balloon to three times its current size by swallowing the whole of neighboring Ha Tay Province and parts of two others.The expansion “will allow unified planning and development of infrastructure projects” throughout the new “Hanoi Metropolitan Statistical Area,” Associate Director of CB Richard Ellis Vietnam (CBRE) Renato Shordon said Tuesday as he released a report on Hanoi’s real estate market.The report predicted the plan would generate an enormous amount of infrastructure construction.
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| Big projects launch in southern Dong Nai |
| 2008-05-03 02:25:00 |
Two new road projects, the Long Hung-Phuoc Tan road and the An Hoa-Huong Lo road, as well as two property projects in Long Hung Hamlet, were opened.The $750-million Waterfront Dong Nai City, a joint venture between Dong Nai Agriculture Services Co-Operative union (DonaCoop), An Phu Long Joint Stock Company (APL) and Singapore’s Ports Ville Ltd, an affiliate of Keppel Land, was the biggest project opened Thursday.The waterfront town on the Dong Nai River will comprise an ecological township with apartments and villas, a resettlement zone, hotel and tourism facilities, and public works.
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| Concerns have been raised over the possible sales glut of homes in Danang |
| 2008-04-29 02:38:00 |
Although local authorities and developers claim the future is bright for real estate development in the city, which is the economic spearhead of the central Vietnam, some industry insiders point out demand remains modest while the market is in danger of being oversupplied.“With so many projects planned for Danang it is a big question of how to sell,” said Nguyen Quang Ninh, business development director of Indochina Land, the real estate division of Indochina Capital.Ninh is concerned over developers building a dozen of residential, hotel, office and new townships in Danang at a time when sales of other properties are slow.
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| Vietnam hasn’t removed barriers for foreign investors ? |
| 2008-04-24 18:01:00 |
Sharing this point of view, Kenneth Atkinson, Executive Manager of Grant Thoron Vietnam, said real estate prices in Vietnam are too “tense” now and Vietnam has its own prices.“To have land for construction, investors have to pay huge sums. There are a handful of local investors who are able to join the market. Most of them are doing business by banking loans. Meanwhile, to achieve its goal of controlling inflation, the Vietnamese government is tightening credit for real estate traders. By chance, this easy prey runs to the pockets of some foreign groups,” Atkinson warned.
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| Vietnam’s balance of payments has become a cause for concern |
| 2008-04-21 04:03:00 |
The heated real estate and stock markets have also brought wealth to some people, stimulating the demand for luxury foreign products which is also exerting upward pressure on imports.The trade deficit may widen as Vietnam’s major importers, especially the US, face an expected economic downturn.While foreign investment has undeniably helped drive the Vietnamese economy forward, it has its own implications.
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| Record US$ 20.3 billion FDI drives Vietnam real estate |
| 2008-04-17 05:12:00 |
Record 2007 Foreign Direct Investment (FDI) worth US$ 20.3 billion is driving Vietnam's Estate">real estate industry but experts have urged existing and would be investors and developers to take an holistic approach and support local and regional infrastructure requirements.The cautionary advice came during keynote presentations at the Cityscape Asia conference, which closed yesterday (Thursday 17 April). The three-day event which took place at the Suntec Singapore International Convention & Exhibition Centre, played host to 6,000 industry professionals and is part of the largest B2B real estate event brand in the world.During his presentation entitled, ‘Where to Invest and What to Build in Vietnam' Philip Atkinson, Regional Director of Dubai-based Limitless, who broke ground last December on their US$220 Million Halong Star project, located on Vietnam's N.E. coast, called for investors and developers to pursue an all-embracing strategy.
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| Navigating the storm: Asia’s real estate |
| 2008-04-14 09:54:00 |
The resilience of Asian economies and the Estate">real estate market will be truly tested in 2008. Buoyant domestic consumption is expected to help the region weather a substantial economic slowdown as weaker global demand impacts Asian exports.Overall, despite the risks inherent in the region, we believe opportunities remain in Asia’s real estate market, mainly in grade-A office space, driven by sound GDP growth (projected at 8% y-o-y) underpinned by sustained private consumption, higher public and private investments; a re-rating of property as an asset class, sustained domestic demand and on-going infrastructure development.We remain bullish on India and Vietnam, with a cautious view on China, Malaysia and Singapore.
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| Efforts to stabilise real estate market |
| 2008-04-10 16:05:00 |
Nhan Dan – The domestic Estate">real estate market, especially in Hanoi, Ho Chi Minh City and their neighbouring areas have been very busy and has experienced negative development last year and in the first quarter of 2008.The objective reason is the increasing demands for accommodation in cities and towns. On average, demands for accommodation in urban areas have increased by 21 million square metre a year.According to calculations by researchers and economists, office rents in Vietnam is not high compared to the market prices (Vietnam ranks 17th in terms of office rents and 30th in terms of apartment prices in the world) but it is not suitable as far as the economic national development and local people’s incomes are concerned.
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| Property fair to showcase new tourism investment opportunities |
| 2008-04-04 16:49:00 |
Foreign investors will be briefed on the country’s tourism real estate development potential in an exhibition to be held in Ho Chi Minh City from April 17-18 at the New World Hotel.The exhibition, entitled “Unveil the Hidden Charm,” aims to give foreign investors a broad overview of the country’s tourism landscape ranging from beaches and hotels to investment laws and potential projects.It will feature seminars and conferences with keynote speeches by Minister of Culture, Sport and Tourism Hoang Tuan Anh and the Vietnam Chamber of Commerce and Industry’s Chairman Vu Tien Loc.Around 300 projects to build resorts, hotels, golf courses, theme parks, and residential zones will be showcased at the fair.
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| Turning Viet kieu into home buyers |
| 2008-04-01 15:24:00 |
A draft regulation submitted to the Government by the Ministry of Construction would make it easier for Viet kieu (overseas Vietnamese) to own homes in Viet Nam.While the Housing Law of 2005 paved the way for Vietnamese expatriates to own a house or apartment in Viet Nam, the requirements are demanding and the procedures complicated.Only 137 Viet kieu have been able to buy property legally here since the restricted qualifications to buy a home in the country took effect two years ago, according to the Ministry of Construction.
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| Indonesia and Vietnam charm Middle East investors |
| 2008-03-30 03:11:00 |
Middle East investors tapping into Southeast Asia's property markets are turning increasing attention to countries such as Indonesia and Vietnam, say the organisers of Cityscape Asia, part of the world’s largest business-to-business real estate event brand."With the shifting of capital away from developed markets facing slumps, the unmet property demands in virtually all sectors in countries such as Indonesia and Vietnam offer investors growth opportunities not available in other markets," said Graham Wood, Exhibition Director for Cityscape Asia 2008 which takes place at Suntec, Singapore, 15-17 April 2008.
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| Vietnam is the 13th most expensive office location in the world |
| 2008-03-26 05:42:00 |
This ranking shows Vietnam has leaped four notches in just a short span of time, as this very company in its Office Space Across the World 2008 report early this month said Vietnam was the 17th most expensive office location. The earlier ranking was unveiled when the company launched its 31st Asia Pacific office in HCMC early this month.The new ranking was announced Saturday on the occasion Cushman & Wakefield's board chairman John Cushman III visited HCMC.The new research is shocking to enterprises, especially foreign investors because "such exorbitant office rent in Vietnam is not right with the economic conditions of a developing country like Vietnam," according to the company.
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| I need vietnamies authors |
| 2008-03-23 18:05:00 |
Hi this is Tam Tree , hope you like the vietnam real estate news blog.I need vietnamies authors to help me coverage the area of Hanoi and Ho chi minh city.Please send email if you like to participated in this effort. Thanks a lot !tamtree@gmail.com
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| Hyatt To Build on Vietnam's China Beach |
| 2008-03-22 10:30:00 |
The golden sands of Vietnam’s 3,400-kilometer coastline scored its first internationally renown brand March 19 when Hyatt Hotels & Resorts broke ground on an expansive beach resort in Vietnam.Hyatt Regency Danang Resort and Spa on China Beach joins the Park Hyatt in Ho Chi Minh City’s first district as the second Hyatt property in Vietnam. Worldwide, Hyatt operates 750 hotels. Its other beach resorts in Southeast Asia include Hyatt Regency Hua Hin in Thailand, Grand Hyatt Bali and Bali Hyatt in Indonesia, and Hyatt Regency Kuantan Resort in Malaysia.
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| vietnam HCM City real estate market remains lackluster |
| 2008-03-19 14:54:00 |
The HCM City Estate">real estate market, which is considered very sensitive to any state policy, surprisingly remains quiet despite the news about allowing foreigners and Viet Kieu to buy houses, which has been expected to stimulate market demand.Analysts say that the draft decree does not have much impact on the market. Viet Kieu also are not purchasing houses at this moment, they will only buy houses when the prices become ‘softer’.Hoang Thanh, a Viet Kieu in Germany, said that though the land price is on the decrease, he still finds the policies too unclear. “I will wait for some more time until the bill is ratified and will make a decision after that,” he said.
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| HCM City’s property market is looking glum |
| 2008-03-16 06:54:00 |
Le Bao Chau, deputy chairman of the HCM City Real Estate Business Association, said since mid-February property prices have shed 10 per cent, and are expected to drop further.Banks tightening property loans and a diving stock market have been cited as the two main drivers of the dip in the real-estate sector.Chau said, small-time speculators will suffer the most from the price decreases. They are generally short-term investors, that snapped up property when the sector was doing well, and are now selling out to repay debts.
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| International real estate seminar in Ho Chi Minh City heard Saturday. |
| 2008-03-13 13:08:00 |
The seminar, held by the International Estate">Real Estate Federation and the Ho Chi Minh City Real Estate Association, was told Vietnam needed to pay close attention to traffic and transportation, issues currently causing headaches for the government.Participants at the seminar shared their experiences in planning and developing urban areas, shopping centers and other real estate projects.They also discussed international valuation standards and the latest property marketing methods.
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| Hanoi’s real estate market 2008 |
| 2008-03-10 05:06:00 |
According to the world’s leading Estate">real estate service provider in Vietnam, CB Richard Ellis (CBRE), the demand for real estate in Hanoi would remain high in 2008 and supply would not meet demand for the 2008-2009 period. Only after big projects become operational by 2010, would there be a balance between supply and demand. At a press conference held in Hanoi recently, a representative from CBRE said the 1000th anniversary of Thang Long-Hanoi by 2010 and positive signs from Vietnam’s WTO membership have attributed to surging demand for real estate.In the next two and five years, several major foreign investment projects are expected to be completed and put into operation, helping ove
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| Foreign banks jump in vietnam real estate market |
| 2008-03-08 03:22:00 |
While local banks are turning off the ‘vietnam Estate">real estate credit valve’ as requested by the State Bank of Vietnam, foreign banks are trying to increase credit.Several foreign banks and foreign investment funds have jumped onto the bandwagon. Prudential, an insurer, through its fund management company and finance leasing company has announced the programme on lending to the clients who have permanent and long term residential registration books.All the clients, who have the monthly income of VND4,8mil and higher, can access the loans with no mortgage assets.
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| Vietnam is the fifth most expensive office location in Asia |
| 2008-03-04 04:53:00 |
"Vietnam is booming," said Toby Dodd, general manager of Cushman & Wakefield in Vietnam while commenting on the Office Space across the World 2008 report which reveals global parallels and insights into the Vietnamese real estate market.Prime office rents in Vietnam are out of tandem with the rest of Asia as the country's economic progress accelerates after its entry to the World Trade Organization, he said.The country's gross domestic product forecast for the current year is second only to the supercharged economies of China and India. With such strong economic fundamentals and rising foreign direct investment, the demand for office space is far outstripping supply, so HCMC's rents have gr
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| Cisco looks into Vietnam real estate market |
| 2008-03-02 06:18:00 |
Speaking at the Viet Nam Connected Estate">Real Estate 2008 Summit, Cisco Systems’ regional business development manager Jared Ramesh Danaraj said: "Booming real estate in the Asia Pacific region offers exciting possibilities as well as unique challenges for owners and developers of commercial buildings.""To stand out among the competition, we want to take a new approach to developing buildings," he said. "Leveraging technology is one of the major factors that enhances service levels and building operations."
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| Vietnam Real estate sales slow, prices still high |
| 2008-03-01 03:20:00 |
Despite measures to tighten lending for property speculation, Estate">real estate prices in Ho Chi Minh City are expected rise, although at a slower pace.Other property trading centers in the city have been experiencing a similar decline in transaction volume over the past week, which some say is caused by commercial banks’ decision to tighten credit on property loans.Banks last week tried to limit their exposure to Vietnam’s risky land market, tightening the guidelines for property loan applications in a bid to minimize lending to speculators.
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| CapitaLand, Citi set up Vietnam property fund |
| 2008-02-28 00:15:00 |
With Vietnam's economy growing at more than 8 percent a year, real estate is booming in the underdeveloped Southeast Asian country. Industry experts forecast property growth of between 20 and 30 percent this year.CapitaLand has developed The Vista, a high-end apartment complex in Ho Chi Minh City that sold out last summer before it was built, at prices ranging from $1,350 per sq metre to $2,700 per sq metre.
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| Central bank policy and the overheating property market |
| 2008-02-22 14:49:00 |
Property prices in both Ho Chi Minh City and Hanoi surged in the fourth quarter last year.The real estate market boil was then kicked up a notch when the central bank ordered local lenders to limit their loans against securities to fewer than 3 percent and doubled the reserve requirement rate.The move cut the stock market down to size as the benchmark VN-Index soon fell from 1,170 points on March 12, 2007 to 927 by the year’s end.
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| Vietnam’s real estate market |
| 2008-02-17 16:22:00 |
Many asked Mr. Leech if he thought 2008 will be the year of banks and Estate">real estate, he says that 2008 will certainly be the year of banks, but not property.2008, like 2007, will witness the groundbreakings of a series of major real estate projects, including Vincom City Tower 2, BIDV Tower, Crown Plaza, the Keangnam Hanoi Landmark Tower, The Landmark, CEO Tower, Indochina Plaza, and these are just those in Hanoi.The projects will only be completed and become operational in two or three years, and the real estate market will see big changes by that time.
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| Vietnam property rent prices to hit new records this year |
| 2008-02-14 17:45:00 |
The real estate researcher said offices, purpose-built retail, residential, industrial, hotels, resorts and golf courses would experience record rent rates in major centres like Ho Chi Minh City, Hanoi, Da Nang, Phan Thiet and Vung Tau.Rent in A-grade office buildings will surge by US$65-70 per square meter a month from last year, excluding service charges and value-added tax.According to CBRE, HCMC will see the greatest increases due to soaring demand from individuals and businesses.
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| Lawyers find strong business niche thanks to WTO |
| 2008-02-12 02:54:00 |
Lawyer Kinh related that a client once asked for advice on a real estate contract. The client asked Mr. Kinh about the fee. “$4,000,” Mr Kinh said. “I will pay you $10,000,” the client said, and Mr. Kinh received $10,000 the next day.Mr Kinh said foreign investors never bargain about the service fee. Sometimes, when giving consultancy in simple cases, Mr. Kinh demands VND50mil, and the clients were very surprised at the low price.
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| Foreign investment keeps flowing into Vietnam |
| 2008-02-09 09:41:00 |
The investment environment in Vietnam continued to be improved. In particular, 2007 was the second year since the Investment Law and Corporate Law have been promulgated with more transparent regulations. Though these laws still need to be perfected, they have helped revitalise investment and trading activities, encouraging localities in promoting investment, simplifying investment procedures and supporting investors to carry out their projects after being licensed.
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| Real Estate Booms in Communist Vietnam |
| 2008-02-05 18:05:00 |
In Hanoi, Bui Vu Thi has a new apartment in a good neighborhood with two bedrooms, one bath and a great view of the lake. She bought it three years ago, before it was even built. With some help from her parents, she paid $92,000 in cash. Today, she says, it's worth three times that.There's a lot of cash in Vietnam today, and more coming in foreign capital remittances from Vietnamese living and working overseas.
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| UAE developers keen to tap Vietnam real estate |
| 2008-02-02 17:43:00 |
Dubai-based property developers are moving swiftly to invest in Vietnam, eager to tap the nascent Estate">real estate market there. The latest to join the bandwagon is ETA Star, the real estate arm of the ETA Star-Ascon Group, which plans to launch a mixed-use project in Ho Chi Minh City of Vietnam.
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| Posco engineering to build $3 billion city in Vietnam |
| 2008-01-31 05:14:00 |
Posco is among developers and investors betting on Vietnam’s property market as the local share market declines and concerns intensify about a global housing slowdown, the Journal said.Keangnam Enterprises Co., another South Korean company, is building the $1 billion, 72-story Pride Tower in Hanoi, the news-paper said.
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| HCM City’s real estate market will continue its high growth |
| 2008-01-28 01:05:00 |
Meanwhile, according to General Secretary of HCM City Estate">Real Estate Association Do Thi Loan, it would be necessary to apply a synchronous measure to reduce the heat of the market.She said in the long term it would be necessary to accelerate construction progress of existing projects to increase supply to the market while triggering demand for real estate in outlying areas to reduce the population density in the city.
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| Progressive taxation of real estate will help control land development |
| 2008-01-21 03:02:00 |
I think these standards are for reference only because most Vietnamese who have their own houses cannot afford a tax rate of 1 or 1.5 per cent like people in European or other Asian countries.At present, there are several problems with imposing taxes on land use.
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| Expats not immune to Vietnam property price fever |
| 2008-01-14 18:06:00 |
Vietnam’s property price fever is infecting not only locals and the national media. It’s getting foreigners and overseas media hot and bothered as well.Singapore-based The Straits Times ran a report in November headlined “Vietnamese feel the pinch of red-hot home prices.” Roger Mitton, the correspondent in Hanoi, tells a story of physician Nguyen Thu Huong who lives with her husband and daughter in a small suburban apartment in Hanoi.
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| Sotheby's International Realty Network Enters Vietnam |
| 2008-01-09 18:08:00 |
Sotheby's International Realty Affiliates LLC today announced it has signed an exclusive 25-year licensing agreement with Indochina Land to develop the Sotheby's International Realty(R: 41.83, +0.21, +0.50%) brand in Vietnam, with its first office set to open in April 2008.According to Michael R. Good, president and chief executive officer, Sotheby's International Realty Affiliates LLC, Vietnam is an attractive market for the brand and an important step forward in its overall international growth plans.
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| Hanoi to move west, property investments follow |
| 2008-01-03 02:59:00 |
The Ministry of Construction and Hanoi authorities have just begun considering expanding Hanoi and building belt road No 4. However, real estate developers have already heard the news and are rushing to buy property on the Western outskirts, especially in Ha Tay – West of Hanoi.Last week, at the Dai Nam University opening ceremony, Director of a joint stock bank and an investor in the school, revealed his bank had successfully purchased property in Ha Dong town, which many foresee belonging to Hanoi in the future.
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| Real estate projects enticing, but risky |
| 2007-12-30 06:57:00 |
HCM CITY — The local Estate">real estate market has become one of the hottest in Asia but the risks of investment remain high, foreign and domestic experts say.Marc Townsend, managing director of CB Richard Ellis Viet Nam (CBRE), said the country was attracting more and more investors, particularly in Ha Noi and HCM City."These two markets have a dense population, higher incomes and rapid pace of urbanisation," he said.
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