The fresh launching of Novaland Real Estate Centre in Hanoi The new centre will be acting as a bridge to help timely introduce to the northern investors the group’s latest products and bring quality customer services on par with Novaland standards. This is also a place to help customers more conveniently access ‘all-in-one’ support services from Novaland such as after-sales service, or rental and transfer services, among others. At the same time, on the occasion of the Novaland’s birthday, the group introduces the "Gold Promotion Programme" with gifts worth up to 27 gold taels and many other attractive offers. In particular, customers in the north region will be entitled to doubling the Gold Promotion Programme with prize valued up to 54 gold taels at Novaland Hanoi Real Estate Centre from now until the end of September , 2019. Customers visit the mock-up of Novabeach Cam Ranh project of Novaland The programme is applied in conjunction with on-going … [Read more...] about Novaland launches real estate centre in Hanoi
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Real estate dented by surging delays
Both Hanoi and Ho Chi Minh City are being affected by construction grounding to a halt, Photo: Dung Minh After being contacted by several frustrated homebuyers at Manhattan Tower (formerly Thanh An Tower) in Hanoi, VIR contacted both the investor and relevant parties to clarify the reasons behind the delay in construction. Truong Hoang Vu, CEO of Landmark Holding, the developer of the project, confirmed that the project is delayed indefinitely because of disagreements among the parties. Landmark Holding (LMH) had signed a contract with project owner Ba Dinh Construction Consultancy-Investment JSC (Ba Dinh JSC) and the main contractor Vinaconex. “At the end of 2018, LMH was asked to transfer the money directly to Ba Dinh JSC so that they can directly pay Vinaconex,” Vu said. “However, Ba Dinh JSC did not comply with the agreement and did not pay the main contractor, so the project has stopped.” Vu said that both LMH and homebuyers are victims in … [Read more...] about Real estate dented by surging delays
Real estate bonds attract lowest investor interest
By Dat Nguyen  September 9, 2019 | 01:00 pm GMT+7 Apartment buildings are seen at Linh Dam Urban Area in Hoang Mai District, Hanoi. Photo by VnExpress/Nhat Quang. Seven percent of real estate bonds issued in the first eight months of the year were bought , the lowest ratio among all sectors. 44 real estate firms issued VND47.8 trillion ($2.06 billion) worth of bonds between January and August, according to a recent report by stock brokerage firm Saigon Securities Inc. Although real estate bonds have an average interest rate of 10 percent a year, higher than that of bank bonds at 6.7 percent, the later still had a success rate of 99.6 percent, the report said. One example was the VND5.3 trillion ($229 million) bond issuance by real estate firm An Quy Hung earlier this year, in which not a single bond was acquired despite interest rates of up to 12 percent a year. Experts say the high risks associated with real estate businesses make investors reluctant to buy … [Read more...] about Real estate bonds attract lowest investor interest
Auscham to host real estate symposium on ‘What’s Next’
Held by the Australian Chamber of Commerce in Vietnam (Auscham) in collaboration with the Cushman & Wakefield company, the symposium, held September 12 in Ho Chi Minh City, will be themed, "What's next". This is the 7th time Auscham is organizing this event, bringing together industry leaders to collaborate and share their insights. According to the symposium organizing committee, the commercial real estate and residential market in the biggest cities in Vietnam and neighboring provinces has become more and more attractive in recent years, attracting a lot of domestic and foreign investment, especially in luxury and class A properties. As one of fastest growing and globalizing economies in the world, Vietnam attracts investors with its stability. Vietnam’s property market has steadily recovered since the difficulties of 2009-2013, particularly within the residential sector. A surging demand for residential property has led to a high absorption rate of 70-80% of new supply … [Read more...] about Auscham to host real estate symposium on ‘What’s Next’
Vietnam Real Estate Symposium 2019 set for HCMC
Directors and experts to provide key observations, analysis, and predictions about the future of Vietnam's real estate market on September 12. Auscham, in an exclusive partnership with Cushman & Wakefield, will host the Vietnam Real Estate Symposium 2019 at the Sofitel Saigon Plaza in Ho Chi Minh City on September 12. Directors and experts from Vietnam’s real estate industry will provide key observations, analysis, and predictions about the future of the market and “What’s Next”. The organizing board has gathered industry thought leaders to provide essential market insights, analysis, and predictions. The exclusive event will be limited to 200-300 attendees, including local and regional developers, large-scale domestic and foreign investors, multinational companies, and government representatives. The premier real estate symposium will return for its seventh year running to assemble leading industry players to collaborate and share market insights. With … [Read more...] about Vietnam Real Estate Symposium 2019 set for HCMC