Hanoi villa project a ghost town
Weeds have taken over the once new pavement
Construction on the more than 600 French-style villas started at the end of 2007 and finished in 2013. By the end of 2013 more than 400 had been sold, but as of now only a few buyers have actually moved in while the remaining units sit abandoned.
No one has bothered to repair damaged lightposts
Tu Liem, which focuses on real estate and financial investment, was named among the 500 biggest companies in Vietnam by consultancy firm Vietnam Report. It posted net profits of VND9 trillion ($428.5 million) from revenue of VND40.9 trillion ($1.95 billion) in the first quarter of 2014.
>> VN property inventory drops to US$3.9b
>> Masterplan backlog plagues capital
>> Vacant villas overtaken by squatters
>> Hanoi luxury houses spend five years isolated
>> Who lives in that new villa? Nobody
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Nation urged to build on eco-IP model (April 16, 2024 | 10:22)
- Domestic steel demand expected to rebound amid warming real estate market (April 12, 2024 | 10:31)
- Implementation of new land laws must benefit investors (April 10, 2024 | 09:17)
- Apartment hikes hint at speculation return (April 09, 2024 | 10:14)
- Infrastructure focus sets stage for real estate bonanza (April 03, 2024 | 10:14)
- Nam Long Group maintains top ten position in real estate investment ranking (April 03, 2024 | 08:00)
- Hospitality and real estate sectors strive for sustainable growth (March 29, 2024 | 16:12)
- Gamuda Land starts construction of Eaton Park (March 28, 2024 | 16:40)
- New land law could entice Viet Kieu home (March 27, 2024 | 18:00)
- Binh Duong to capitalise on rising real estate interest (March 27, 2024 | 15:41)
Mobile Version