Apartment rental ho chi minh city

Positive signs have been seen in Vietnam’s condotel arena after more than two years of downturn as consumption in the third quarter of this year was reported at 86 per cent compared to less than 40 per cent in the same period of 2018. There are bright spots for condotels but legal advances are a must to ensure stability Nguyen Minh Tu just bought a condotel unit at the Peninsular Nha Trang project with investment of VND1.4 billion ($60,900). The Hanoian wanted a condotel for lease, and Nha Trang was chosen by her and her family. Tu now is receiving rental yield of around 8 per cent annually and she is satisfied with the figure. In the past, buyers required almost the entire lease for their apartments. Condotels, meanwhile, have not been regulated in any policy from the government, and therefore their lifespan was limited to 50 years only. The lack of a legal system brought a downturn in the market, but now many people aim to buy condotels for leasing regardless of the … [Read more...] about Condotels in Vietnam look to legal framework for revival

Vietnam is particularly ­appealing to Asian ­investors and homebuyers Since 2015 when Vietnam legalised foreign property ownership, the market has been receiving increasing interest from foreign buyers, specifically Asian investors taking advantage of the bargain price compared to the rest of the continent. Henri Limyuen, a 36-year-old from the Philippines, told VIR that he is looking for a suitable apartment to buy in Ho Chi Minh City. Limyuen was visiting a launching ceremony of the Rome Residential project which is located in District 2. He said he has worked and lived across different Asian countries, and Vietnam is a top destination of his in terms of purchasing a home. “I think the regulations to permit foreigners to buy a house in Vietnam are open, and I see an opportunity for a good house here at a much cheaper price compared to other neighbouring countries,” he said. Limyuen added that the price of homes in Vietnam still remains lower than those in … [Read more...] about Strong demand for high-end property

There are bright spots for condotels but legal advances are a must to ensure stability Nguyen Minh Tu just bought a condotel unit at the Peninsular Nha Trang project with investment of VND1.4 billion ($60,900). The Hanoian wanted a condotel for lease, and Nha Trang was chosen by her and her family. Tu now is receiving rental yield of around 8 per cent annually and she is satisfied with the figure. In the past, buyers required almost the entire lease for their apartments. Condotels, meanwhile, have not been regulated in any policy from the government, and therefore their lifespan was limited to 50 years only. The lack of a legal system brought a downturn in the market, but now many people aim to buy condotels for leasing regardless of the length of ownership. “We bought this condotel, which means we are the owner of this unit, and we have the right to use it. The lifespan of the project will be extended when it has finished,” Tu said. Nguyen Hoang, R&D director at … [Read more...] about Condotels look to legal framework for revival

Plastics industry confident of achieving 3.2 billion USD export target The local plastic industry, with solid growth in shipments, will surely meet its yearly export target of 3.2 billion USD, according to the Vietnam Plastics Association. According to Ho Duc Lam, its chairman, said exports saw impressive growth last year to 3 billion USD while overall revenues jumped to 12 billion USD. “Exports in the first nine months of the year increased by 5 percent and will continue to enjoy good growth in the rest months of the year. “The US-China trade war has offered opportunities to Vietnamese plastics firms to boost exports.” According to the association, exports go to more than 150 countries and territories, with the US and Japan being key markets. In the domestic market, some industries, even those such as aerospace which use high-grade materials, are shifting to plastic products, and as a result sales have grown rapidly, Lam said. Locally-made plastic products are … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 16