Property
Savills Vietnam, one of the first property consultants to release its owned property index today confirmed that the first quarter of 2013 residential index stood at 89.2, a slight decrease of -0.4 index points quarter-on-quarter (QoQ) and -3 index points year-on-year (YoY).
Urban developer Phu My Hung Corp. will continue its persistent efforts to make Ho Chi Minh City’s Phu My Hung Urban Area a modern city center.
As the moribund property market punishes Vietnam’s economy, there is momentum to make it easer for overseas Vietnamese and foreigners to buy homes.
Vietnam’s struggling real estate market is still facing many challenges ahead.
Despite the real estate market downturn, Hong Hac Dai Lai joint stock company – the developer of Flamingo Dai Lai Resort outside of Hanoi - is pushing ahead with sales of its Do Quyen and Bach Thanh villas.
A long-awaited VND30 trillion ($1.44 billion) credit package was last week rolled out to act as a silver bullet to unlock the stagnant property market.
The State Bank of Vietnam (SBV) has announced it is making VND30 trillion ($1.44 trillion) available to five commercial banks to offer soft loans to home buyers and property developers in an attempt to stimulate the property market and resolve bad debts.
The government is set to revise regulations to permit foreigners and overseas Vietnamese to own houses in Vietnam.
Indochina Land Vietnam just won many different awards from the Asia Pacific Property Award.
Since early 2013, the diverse high-end properties of Phu My Hung Corporation such as Riverpark Residence and Riverside Residence in Ho Chi Minh City have attracted sharply increasing interest from foreigners living in Vietnam and corporate customers in the market for a long-term lease or purchase, according to a company source.
Foreign resort developers in many central and southern provinces are struggling with delays in construction.
Many Asian property markets have made spectacular recoveries since global economic troubles struck. The multimillion dollar question is, can Vietnam follow in their footsteps, writes Marc Townsend, CBRE Vietnam managing director.
Arguments regarding property market development, the government’s supportive measures and market perspective were bandied about by scholars, developers and property consultants in a VIR-backed real estate roundtable in Hanoi last week.
More than 60 customers of the Duong Noi residential complex in Hanoi have staged a demonstration to seek direct talks with Nam Cuong, the project developer.
Expanding foreign home buyers is now very necessary to help foreigners enjoy a better life in Vietnam as well as help boost the domestic real estate market.
Despite Vietnam’s real estate downturn, the second home market is still considered a potential segment for many developers and investors.
Property consultant Savills Vietnam has recently been appointed as the consultancy marketing and exclusive sales agent for Hoa Binh Green City development, a joint investment between Hoa Binh Group and Agrexim JSC.
