For instance, in the fourth quarter of the year, 118 villas and houses of small projects in HCMC were sold as per JLL, because large-scale projects were facing land reclamation. Also in the fourth quarter, just 340 houses mostly of the available projects were sold while demand was still high with the rate of house sale at 92 percent in 2018. Because of limited supply, prices of houses in this segment are escalating with an increase of 14 percent yearly in the primary market. JLL said in its report that house and villa project developers enjoyed a bumper year as prices of houses went up in 2018 with an average increase of 3.2 percent in the secondary market. Selling price in the primary market averaged $2,700 per s.q meter Additionally, JLL forecast around 4,500 detached villas and houses will offer to sell in 2019 and sales will be high with the rate of 90 percent. Prices will be high but not as same as before. When it comes to dominium projects, nearly 8,300 flats belonging to most … [Read more...] about House sales in HCMC drop to record low
Parcel connect drop off points
Florida man charged in connection with 14 bombs sent to Trump critics
Florida man charged in connection with 14 bombs sent to Trump criticsThe Saigon Times Daily A van with windows covered in pro-Trump and anti-Democrat stickers, which was seized on October 26, 2018 during an investigation into a series of parcel bombs, is seen in Hollywood, Florida, April 6, 2018 – PHOTO: REUTERS PLANTATION (REUTERS) - A man suspected of sending at least 14 bombs to prominent critics of U.S. President Donald Trump in the run-up to elections next month was arrested on Friday in Florida and charged with five federal felonies. Cesar Sayoc, 56, a former stripper and professional wrestler once charged with threatening to bomb an electric company for trying to shut off his lights, was taken into custody outside an auto parts store in Plantation, Florida, near Miami. Authorities also seized a white van belonging to Sayoc, the windows of which were plastered with pro-Trump stickers, the slogan “CNN SUCKS” and images of Democratic politicians with red … [Read more...] about Florida man charged in connection with 14 bombs sent to Trump critics
VN-Index drops 48 points, $6.5 billion gone
The VN-Index, which is a capitalization-weighted index of all the companies listed on the Ho Chi Minh City Stock Exchange (HOSE), closed at 945.89, down 4.84 percent for a total of 48.07 points from Wednesday. The VN30-Index, representing the 30 largest stocks in terms of capitalization, went down by 46 points, or 4.79 percent, to 920 points. The HNX-Index on the Hanoi Stock Exchange went down by 5.79 percent and the UPCoM-Index for unlisted companies slipped 3.31 percent. This means that over VND150 trillion ($6.5 billion) has been swept away from the HOSE. 300 HOSE stocks closed in the red, just 30 ended the day in green. In the VN30-Index, all blue chips fell, with the 10 top stocks dropping a total of 18 points. Serveral banks including Techcombank (TCB), Vietnam International Bank (VIB), Vietcombank (VCB) and TPBank (TPB) dropped by between 5 to 7 percent. Foreigners’ net selling on HOSE was valued at VND283.4 billion ($12.21 million) on Thursday. The drop in … [Read more...] about VN-Index drops 48 points, $6.5 billion gone
Local shares end down on late sell-offs
Viet Nam News HÀ NỘI — Selling pressure increased at the end of Wednesday’s trading session while purchasing demand was not enough to save indices from falling. Việt Nam’s benchmark VN-Index ended Wednesday on a negative note, dragged down by large-cap stocks. It edged down 0.22 per cent to close at 993.96 points. The benchmark index inched up 0.01 per cent to close at 996.19 points on Tuesday. The HNX Index on the Hà Nội Stock Exchange lost 0.47 per cent to end at 113.76 points. The northern market index lost 0.07 per cent to end at 114.30 points on Tuesday. Nearly 238 million shares were traded on the two local exchanges, worth VNĐ5 trillion (US $212 million). The blue chip VN30 Index dropped 0.11 per cent to stand at 966.27 points at the end of afternoon trading. On a sector basis, 15 of the 20 saw share prices drop, including real estate, securities, technology, banking, petroleum, food and beverages and seafood processing. … [Read more...] about Local shares end down on late sell-offs
HCM City among world’s most exotic destinations to kick-off 2019 travels
The Hanoitimes - Skyscanner has announced its list of the six leading destinations among the most popular picks for travelers to start 2019. Ho Chi Minh City has been named among the six destinations in the world that can be the most popular picks for tourists to kick-off 2019, according to a list released by Skyscanner, a Scotland travel fare aggregator website and travel metasearch engine. Ho Chi Minh City. Photo: Getty Images Ho Chi Minh City, or Saigon as many people still refer to, is the perfect jumping-off point for a trip around Vietnam. “It’s a hearty jumble of rough-and-tumble street food stalls and truly incredible buildings – the Central Post Office was designed by Gustave Eiffel,” Skyscanner wrote. Skyscanner has some words of advice for travelers that if you want a counter-balance to the joys of Ho Chi Minh City’s coffee shops, banh mi stands and all-night partying in Pham Ngu Lao, take a trip to the War Remnants Museum. … [Read more...] about HCM City among world’s most exotic destinations to kick-off 2019 travels