Property

Construction of the Thang Long Green City housing project started on October 14 in Kim Chung new urban area, Dong Anh District, Ha Noi as a joint venture of the Ha Noi Housing Development and Investment Corporation (Handico) and the Viglacera Corporation. – Photo kinhtedothi.vn Ha Noi’s property market will have more supply of social housing products for low-income people by 2020 in order to address the paucity of those products on the market combined with the over-supply of commercial houses. Construction of the Thang Long Green City housing project started on October 14 in Kim Chung new urban area, Dong Anh District, Ha Noi as a joint venture of the Ha Noi Housing Development and Investment Corporation (Handico) and the Viglacera Corporation. The Thang Long Green City with a total investment of VND1.3 trillion (US$55.58 million) is expected to be completed by 2020, supplying 1,588 apartments for the market, meeting the demands of about 5,330 people. This product is … [Read more...] about HN aims for more social housing by 2020

Many investors express interest in NovaHills Mui Ne Resort & Villas at a conference on the Mui Ne – Phan Thiet tourism property market. The tourism property market in Mui Ne, a beach town in the south-central province of Binh Thuan, has recently become a hot destination for both foreign and domestic investment thanks to its 200km coastal road and improved infrastructure. At a conference on the hospitality market late last week experts said popular tourism property markets like Da Nang, Nha Trang and Phu Quoc have slumped after growing strongly for a long time. The money moved to other areas in pursuit of new investment opportunities, they said. Dương Thuy Dung, senior director of CBRE Vietnam, said tourism properties in coastal provinces have great potential to develop thanks to their advantageous location and weather condition. Some provinces like Da Nang and Nha Trang have an edge because of their excellent infrastructure including an international airport … [Read more...] about Mui Ne — Phan Thiet, a new magnet in hospitality market

The road to the billion-dollar Saigon Pennisula project is seriously dilapidated High initial expectations The Mui Den Do theme park and modern urban development complex called Saigon Peninsula in Phu Nhuan taking up 117ha in Ho Chi Minh City’s District 7 and worth $6 billion in total investment value, evoked great hopes among city residents at its ground-breaking ceremony. According to the developer Saigon Peninsula Group JSC and the broker, Saigon Peninsula will ensure harmony between urban space and natural setting, and acting as the “green lung” of Ho Chi Minh City. Simultaneously, it will function as a multi-purpose urban development and provide ideal space to meet every need for housing, commercial office area, as well as modern and upscale entertainment in Ho Chi Minh City’s southern part. Besides, the complex also features a 600m international marina with an estimated scale reaching 4.6ha. Once completed and put into use, the marina could receive … [Read more...] about Billion dollar projects sitting idle in Saigon south

Yerkin Tatishev Vietnam is the first country in Southeast Asia where Kusto Group has invested. What are the reasons behind this choice and how has the market lived up to your expectations? Before coming to Vietnam we knew some Vietnamese people who had been educated in Moscow. They told us about Vietnam and the investment opportunities in the country. The first time I visited Vietnam was in the 1990s, nearly 20 years ago. After my first look around, ideas came to me about investing here –­ a nice country with good people and good prospects for development. I told myself that we would return here when we were strong enough, had the money and the competence, and had sufficient knowledge about the market. Ten years later, in 2007-2008 we came back to Vietnam and started our project. I have to say that this was the right decision and so far we have been seeing very good results both in our industrial business and real estate development projects. Vietnam is one of the … [Read more...] about Kusto’s prospects after Diamond Island triumph

Thousands of resettlement apartments unoccupied in HCMCThe Saigon Times Daily A resettlement apartment building in District 2. Nearly 14,000 resettlement apartments and land plots are unoccupied in HCMC - PHOTO: DINH DUNG HCMC - Although the HCMC government has presented many solutions to address the situation, nearly 14,000 resettlement apartments and land plots earmarked for people affected by development projects in the city remain vacant, marking a waste of the city’s budget, according to Thanh Nien newspaper. Of the total, 12,500 resettlement apartments are in Thu Thiem Peninsula in District 2 and more than 1,900 resettlement apartments and 529 land plots are in Vinh Loc B Commune of Binh Chanh District. The city had invested some VND1 trillion in the resettlement area in Vinh Loc B Commune from 2004 to 2008, but only a quarter of these apartments have found owners. According to residents in the Vinh Loc B resettlement area, the vacant apartments have deteriorated … [Read more...] about Thousands of resettlement apartments unoccupied in HCMC