An under-construction apartment building project in District 7, HCMC. The HCMC Department of Construction will initiate a periodic inspection into under-construction real estate projects in the city – PHOTO: LE ANH HCMC – The HCMC Department of Construction will launch a periodic inspection into two dozen under-construction real estate projects in the city to review the compliance with construction safety standards. … [Read more...] about HCMC to inspect ongoing real estate projects
Real estate projects
Real estate firms offer sky-high profit rates to attract investors
Investors have been invited to contribute capital to real estate projects and enjoy a profit of 36 percent per annum, and have also been persuaded to buy corporate bonds at a high interest rate of 18 percent per annum. One real estate firm in HCM City is offering a business cooperation model to develop guest houses for rent, under which VND40 million is contributed to own one room. … [Read more...] about Real estate firms offer sky-high profit rates to attract investors
Real estate giants report heavy losses
The net losses of Duc Long Gia Lai Group (HSX: DLG) have also increased to VND286 billion ($12.43 million) from VND257 billion ($11.17 million) in the unreviewed financial statement. This was due to financial costs rising 11 per cent as projects were temporarily suspended in the first half while other revenues decreased. Notably, corporate income tax expenses doubled to VND14 billion ($608,700). The audited statement also brought into question whether DLG can continue operating, stating that this depends on future performance as well as negotiations with owners on extending and restructuring principal, interest debt, and interest reduction. … [Read more...] about Real estate giants report heavy losses
Housing projects will be proposed to sell land parcels, says ministry
A land lot in Da Nang. Housing projects are proposed to sell land lots. - Photo diendandatdai.com This is the regulation proposed at the end of May by the Ministry of Natural Resources and Environment in the latest version of the draft amending and supplementing Decree 43 on specific regulations for a number of articles in the Land Law, including conditions for transferring land use rights at housing projects. … [Read more...] about Housing projects will be proposed to sell land parcels, says ministry
Stagnated construction leads to large steel inventories
In order to revive the manufacturing industries, the Government had been fighting the pandemic and developing the economy by speeding up investment capital made from the State budget in August and first eight months of the year by 45.4 per cent and 30.4 per cent over the same period last year. This was the highest growth from 2016-2020, the VSA said. … [Read more...] about Stagnated construction leads to large steel inventories
