The aim of the cooperation was to bring into full play the signatories’ potentials in real estate-related investment and trade and development of industrial parks. At the signing ceremony Under the agreement, the two sides will cooperate in investing in managing and expanding large-scale industrial parks throughout Vietnam. According to Senior Colonel Phung Danh Tham, Thai Son Corporation’s CEO, the signing ceremony is an important landmark for the two signatories and helps create opportunities for real estate development in Vietnam. Under the signed agreement, the two sides will establish a long-term and mutually-beneficial relationship and supportive ties, and boost a comprehensive intensive cooperation in the future. A representative from the Starffi Hong Kong Holdings Group (China) spoke highly of the agreement, saying that Thai Son is an experienced corporation with potentials and capabilities of developing large-scale projects. The two sides pledged … [Read more...] about Military company signs contract to boost real estate in Vietnam
Real estate
Why do real estate developers want to legalize condotels?
Real estate experts believe that selling condotels can bring huge profits to investors and savings in fees that apartment developers usually pay. The first condotels appeared in Vietnam several years ago and have been developing very rapidly since then. According to the Ministry of Construction (MOC), there are 148 ongoing condotel projects developed by 52 investors. It is expected that 27,000-29,000 condotels will be launched into the market in 2017-2019. Despite the existence of numerous products, condotels have not been recognized by the law. Condotels remain out of the management of state agencies. Many investors, when advertising condotels, give unclear information which does not coincide with the purpose of projects approved by state management agencies. This has led to misunderstandings among buyers not knowledgeable about the law. However, in the last six months, ministries and branches have urged to legalize condotels. At the same time, condotel developers have been … [Read more...] about Why do real estate developers want to legalize condotels?
VN stocks advance on real estate, rubber firms
Vietnamese shares rose on Wednesday morning, boosted by the positive moves of real estate and rubber stocks. Property developers and rubber companies were among the best performers on Wednesday morning. - Photo thoibaonganhang.vn The benchmark VN Index on the HCM Stock Exchange advanced 0.66 per cent to close at 1,196.17 points. It fell 0.7 per cent on Tuesday. The HNX Index on the Ha Noi Stock Exchange edged up 0.35 per cent to end at 136.10 points, extending gains from a 0.2 per cent growth on Tuesday. The nearly 167 million shares were traded on the two local bourses, worth VND5.18 trillion (US$230.2 million). Property developers and rubber companies were among the best performers on Wednesday morning. The two sector indices gained 3.7 per cent and 2.4 per cent, data on vietstock.vn showed. The real estate sector was driven up by the strong gains of HCM City Infrastructure Investment JSC (CII) and Vingroup (VIC). CII soared 7 per cent after the company announced it would … [Read more...] about VN stocks advance on real estate, rubber firms
Real estate lures most investment
The sector recorded 1,226 firms new firms, a year-on-year increase of 32 percent. According to the State Bank of Vietnam, by 2017, the total outstanding loans in real estate exceeded VND 471 trillion (USD 20.72 billion), mostly for projects in urban zone construction and housing development, house repairing and business activities. Photo: vov.vn The credit package for real estate-related business activities and construction projects climbed 12.2 percent in 2017, up 12.2 percent year on year, 15.8 percent of the year’s total credit. The real estate market saw positive changes in all segments in 2017. In Hanoi and HCM City alone, there were 64,263 successful deals. A range of new products, such as condotels, officetels and hometels were developed, making the real estate market more attractive. Source: VNA … [Read more...] about Real estate lures most investment
Real estate lures most investment in first quarter
Real estate lures most investment in first quarter (Source: VNA) HCM City (VNA) – Real estate lured investment of 79.2 trillion VND (3.48 billion USD) in the first quarter this year, accounting for 28.4 percent of total registered capital in the period, the highest of all sectors, the Ministry of Planning and Investment reported. The sector recorded 1,226 firms new firms, a year-on-year increase of 32 percent. According to the State Bank of Vietnam, by 2017, the total outstanding loans in real estate exceeded 471 trillion VND (20.72 billion USD), mostly for projects in urban zone construction and housing development, house repairing and business activities. The credit package for real estate-related business activities and construction projects climbed 12.2 percent in 2017, up 12.2 percent year on year, 15.8 percent of the year’s total credit. The real estate market saw positive changes in all segments in 2017. In Hanoi and HCM City alone, there were 64,263 successful … [Read more...] about Real estate lures most investment in first quarter