Viet Nam News HCM CITY — The People’s Committee of Đồng Nai Province has instructed the provincial police to investigate the sale of house foundations by Alibaba Real Estate Joint-Stock Company in the province’s Long Thành District. Alibaba Real Estate advertised plots with foundations on social media. The real estate projects were located near the planned Long Thành International Airport, which was connected to National Highway No 51. However, none of the projects have been licensed. Many customers and real estate investors paid deposits on plots of land in Long Thành District, hoping to have a property near the airport. Chairman of the district People’s Committee Võ Tấn Đức said no real estate projects by Alibaba were licensed in the district, and asked customers to be careful when considering purchasing land from the company. Đức said Alibaba had advertised projects covering over 60 hectares … [Read more...] about Đồng Nai investigates Alibaba Real Estate’s unlicensed land sales
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VietNamNet Bridge - FDI capital flow to the real estate sector soared to $5.5 billion in the first half of 2018. Vietnam's real estate sector attracted $5.5 billion worth of FDI in the first half ò 2018. Real estate is one of the favorite investment fields of foreign investors. In 2017, FDI capital into the sector reached a 7-year high with $3 billion worth of committed capital. However, the record has been broken. The amount of registered capital in the first half of 2018 was equal to that of the entire 2017. Where is the money going? Singaporeans and South Koreans were the first foreign investors in Vietnam’s market, while investors from China and Japan have come in recent years. According to Rong Viet Securities, the foreign capital mostly flows into the high-end segment with projects developed in Hanoi and HCMC. As the land fund in the central area is diminishing, realtors have begun eyeing the suburbs. Chinese CFLD Group is developing the Nhon Trach … [Read more...] about Will flow of FDI capital lead to a real estate bubble?
Real estate stocks might peak in the first half of 2019 or even earlier, in the last quarter of this year, experts have forecast. The recovery of the property market helped boost real estate stocks during the past five years. According to financial services company Stockplus’ Fiinpro Platform, real estate stocks posted better growth than the overall market. Statistics showed that real estate stocks increased by 143.3 per cent in the 2014-18 period while the VN-Index rose by 96.5 per cent. Earnings per share (EPS) of real estate stocks saw stable growth in the period, despite a mild decrease in 2015. It was forecast to grow by 21.9 per cent by the end of 2018 if shares of Vinhomes Joint Stock Company (VHM), a real estate developer of VinGroup, were excluded. VHM was traded on HCM City Stock Exchange on May 17 with a market capitalisation of nearly US$11 billion. Including VHM, the EPS of real estate stocks could jump by 72.3 per cent by the end of this year. According to real … [Read more...] about Real estate stocks might peak in first half of 2019
Developers in Ho Chi Minh City are trying to realise the dream of greening out their real estate projects. Ho Chi Minh City is considered the leader in green real estate projects. Among those, Phuc Khang Construction and Investment Corporation is a pioneer in applying the American LEED green building standards in its two projects called Diamond Lotus Riverside (District 8) and Diamond Lotus Lakeview (Tan Phu District). In particular, Diamond Lotus Riverside handed over properties to more than 700 homebuyers by the end of 2017. In addition, the An Nhien Garden eco-urban complex, developed by Thang Loi Group, including the three sections An Phu-An Loc-An Dien, is a green community in the heart of the city with tree and traffic densities of nearly 40 per cent. EverRich Infinity of Phat Dat Real Estate Development Corporation, which is located in the centre of District 5, has been covered with green spaces surrounding the windows, not to mention a system of interconnected watercourses … [Read more...] about Greening out real estate projects
Document 563 sought tighter control over credit growth to meet the SBV’s target of 17 per cent for 2018, Photo: Le Toan According to experts, real estate firms need to apply more effort to cope with more stringent lending requirements starting this year, and with the coming influx of new supply. The State Bank of Vietnam (SBV) recently asked credit institutions and local offices of foreign banks to give lending priority to production and business and to strictly monitor the acquisition of consumer loans that are used, in reality, for investment and trading in real estate and/or securities. SBV’s recent Document No.563/NHNN-TTGSNH, issued in January by SBV, asked for tighter control over credit growth in order to meet its target. The credit growth target for 2018 was set at 17 per cent, lower than the growth rate of 18.17 per cent the year prior. SBV Governor Le Minh Hung has instructed financial institutions to lessen the focus on real estate and construction and … [Read more...] about SBV restricts real estate and construction loans