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real estate market
Update news real estate market
BUSINESS IN BRIEF 7/5
Enterprises seek funds to bid for gold; Many local firms in race to expand distribution networks; Hanoi rental market lifts real estate gloom; Electronic traders target innocent rural residents
The rich also cannot buy land in the West Lake’s golden land area
Though the land in the West Lake area is exorbitant, it has been hunted by the rich. The land price in the area and the old streets’ area is the highest in Hanoi.
The US politician and the aspiration of globalizing Vietnamese businesses
In the interview given to VietNamNet, Professor Michael Stanley Dukakissaid he hopes many Vietnamese businessmen would realize that Boston is their second homeland.
Big guys try to transfer property projects to stop loss
The HCM City in the first quarter of 2013 witnessed 4 high-rise building project transfer deals worth $600 million, according to CBRE, a real estate service provider.
In the eyes of investors, it’s time to invest in hotels
Though the real estate market remains cool and the hotel business performance is getting worse, this is still an attractive business in the long term.
Asian tycoons conquer Vietnamese high end hotel market
The luxury hotel market segment remains scorching hot amid the frozen real estate market.
VND30 trillion credit package can rescue real estate market?
Doubts have been raised whether if the VND30 trillion package can save the sinking real estate market. VND30 trillion is believed to be just a “grain of salt in the ocean.”
In economic recession, there’s no opportunity for fastidious workers
A big real estate developer has been reportedly hospitalized to treat his mental disease. Thousands of bachelors in Da Nang City now work as blue collar workers at an electronics company.
It’s time for foreign investors to get real estate projects for a song
The lack of investment capital and gloomy domestic market have brought golden opportunities to foreign investors to buy real estate projects for knock-down prices.
Domestic market frozen, people seek to buy overseas properties
VietNamNet Bridge – Overseas remittance to Vietnam has been increasing steadily. However, the cash flow now does not go into the real estate sector any more. Meanwhile, a lot of Vietnamese are seeking to buy real estate overseas.
Is there group interest in the policy to rescue estate market?
Answering the question whether the state’s policy to survive the estate market is to protect "group interests," Minister of Construction - Trinh Dinh Dung - affirmed that protecting the interest of enterprises is protecting the interests of people.
Land still as expensive as gold in “golden land areas” in big cities
Every square meter of land in the areas is priced at billions of dong, which is equal to the price of an apartment in new urban areas.
PVFC-Western Bank deal triggers wave of finance company-bank merger?
PetroVietnam Finance Corporation (PVFC) has finally found an ideal solution for it: “getting married” with a commercial bank – Western Bank. This may trigger a new wave of merging finance companies into banks in the future.
Giving foreign names to products now in vogue
VietNamNet Bridge – It is now a growing tendency of giving foreign names to products and services. It is because the product and service providers believe that foreign names would help made their products more luxurious.
The biggest real estate M&A deals in 2012
A lot of investors had to transfer real estate projects in 2012 when their money got exhausted. Though the real estate market was frozen, it is now still the right time to make investment in the real estate sector, when the prices get cheaper.
Govt’s credit package funding house purchases inaccessible to people
Both the State and commercial banks have announced the launching of credit packages at preferential interest rates to fund house purchases. However, the packages still have not reached out to people.
