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Higher second home tax to pose challenges

Higher second home tax to pose challenges

The Ministry of Finance (MoF)’s proposal to tax second and additional homes to restrict property speculation and oversupply would face challenges, experts have said.

Central coast in spotlight

Central coast in spotlight

Investors are seeking alternative opportunities in central coastal cities like Danang and Nha Trang, given the high property prices in Hanoi and Ho Chi Minh City. In anticipation of the trend, foreign developers with strong financial capacity have ramped up acquisitions or have been partnering with local developers to scale up projects there.

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InVision Hospitality signs management contract for Scenia Bay

InVision Hospitality signs management contract for Scenia Bay

Nam Tien Lao Cai JSC, a leading diversified company based in the northern mountainous province of Lao Cai, has just inked a cooperation contract with major player InVision Hospitality on the operation and management of the Scenia Bay condotel complex in Nha Trang city of the central province of Khanh Hoa.

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VinaLand Limited finishes divestment from My Gia project

VinaLand Limited finishes divestment from My Gia project

On August 16, VinaLand Limited (VNL), the real estate arm of VinaCapital, announced that it has divested its remaining stake in the My Gia project to a Vietnamese development company.  

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SonKim Land named winner of Vietnam M&A Forum 2017

SonKim Land named winner of Vietnam M&A Forum 2017

SonKim Land was honoured with the award of The Best Real Estate Deal of the Year 2016-2017 and The Company with The Best M&A Information Disclosure of the Year 2016-2017 at the 9th Vietnam M&A Forum 2017 themed "Seeking a Big Push" on August 10 in Ho Chi Minh City.

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Fate of long-delayed Park City remains murky

Fate of long-delayed Park City remains murky

Despite being taken over by a new investor, the construction of the long-delayed Park City in Ho Chi Minh City remains uncertain.

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Novaland steps up M&A game

Novaland steps up M&A game

In the first seven months of this year, along with developing new projects, Nova Real Estate Corporation (Novaland), one of the leading property developers in Vietnam also expanded its operations via mergers and acquisitions (M&A).

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HCM City trials scrapping construction licence

HCM City trials scrapping construction licence

The HCM City People’s Committee has scrapped construction permits for individual houses on a trial basis in residential areas where the 1/500 scale detailed planning is complete.

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HCMC property market sluggish

HCMC property market sluggish

A lull in the HCM City real estate market is pushing developers to offer promotions to bring back buyers.

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VinaCapital continues restructuring with $11 million Tasco private placement

VinaCapital continues restructuring with $11 million Tasco private placement

VinaCapital acquires $11-million stake in infrastructure construction and real estate developer Tasco JSC, making another step in its investment restructuring initiative.

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Reforms help M&A landscape to shine

Reforms help M&A landscape to shine

With a burst of activity during the first eight months of 2017 in the property market, Vietnam  real estate has recently become a preferred destination in the mega trend for mergers and acquisitions.

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Social housing projects fail to attract tenants

Social housing projects fail to attract tenants

When it comes to social housing or affordable housing for low-income earners, funding is usually a key factor in such projects. However, once the projects are completed, problems in planning, investment management and efficiency tend to crop up.

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Danang M&As help overcome delays

Danang M&As help overcome delays

Mergers and acquisitions are increasingly being seen as ways for property projects in the central city of Danang to overcome long delays.

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Construction ministry to revaluate unlicensed buildings

Construction ministry to revaluate unlicensed buildings

Unlicensed buildings could be revaluated and might not be demolished, provided they can meet the required standards with further planning and development, said Le Quang Hung, deputy construction minister.

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Anpha Holdings picks up Novaland subsidiary

Anpha Holdings picks up Novaland subsidiary

Vietnamese real estate developer Anpha Holdings has announced completing the purchase of a 99.98 per cent stake in Nova Galaxy Real Estate JSC from Novaland Group, according to newswire Saigontimes.

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Abandoned construction sites raise Ha Noi debt

Abandoned construction sites raise Ha Noi debt

Some expensive construction works built within the new rural development programme in Ha Noi have either never been used or are rarely used.

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