According to property consultancy DKRA Vietnam, in the third quarter of this year a total of 18 apartment developments came into the market with 7,152 units. Of this number Districts 1, 3, 4, 10, and a part of District 5 only contributed 805 units, or 11 percent. In the last three quarters these areas accounted for only 8.1 percent of the total new supply in the city, with 2,159 units. DKRA Vietnam's director of research and development, Nguyen Hoang, said this was due to the fact that “clean” land – referring to land already cleared for construction -- in the city centre is fast becoming scarce. It is not easy to free up land either due to the very high costs involved, he pointed out. “If investors are able to acquire land in District 1 or central HCMC, they usually develop high-end, luxury apartments.” Concurring with this, Nguyen Tien Dung, general director of Sai Gon Trien Vong Ltd. (Savista), said trade space and office developments would be more … [Read more...] about Downtown HCMC proving increasingly elusive for apartment developers
Austin downtown apartments
Two package bombs left outside homes in Austin, Texas, exploded on Monday, killing a teenager and injuring two women in attacks that police linked to a deadly blast earlier this month. The latest bombings came as the Texas capital hosted its annual South by Southwest music, technology and film festival downtown. The victims in all three cases were African-American or Hispanic, and police said they were examining the attacks as possible hate crimes. In each of the three attacks, a cardboard package was left at the front of a private residence and exploded after an unwitting victim picked it up or tried to open it, Austin Police Chief Brian Manley told reporters. The packages that exploded on Monday were not delivered by any mainstream commercial shipping services, such as Federal Express or United Parcel Service, Manley said. "We are looking at these incidents as being related," Manley said, adding that federal investigators had joined the search for suspects and a possible motive. … [Read more...] about Police link two deadly package bombs in Austin, Texas, to earlier attack
A gunman killed a woman and seriously wounded three others in Austin early on Sunday when he shot into a crowd leaving nightclubs in the Texas capital's downtown area, police said. The gunman opened fire at about 2:15 a.m. local time before fleeing, Austin police chief of staff Brian Manley told reporters. Police in a statement late on Sunday said they were seeking to find a 24-year-old man named Endicott McCray on a felony arrest warrant in connection with the shooting. The motive for the attack, which occurred just minutes after bars closed, was not immediately clear. "It was a very chaotic scene," Manley said. He described people emerging from clubs and bars running in all directions at the sound of gunfire, as police officers on patrol rushed to the scene. The gunman killed a woman in her 20s and wounded three other women, who were transported to a local hospital with injuries that were serious but not life-threatening, Austin-Travis County Emergency Medical Services spokesman Mike … [Read more...] about Gunman in Austin kills one woman, wounds three: officials
Many builders in Ho Chi Minh City advertise their apartments as being "high-grade", "5 star", "international standard" and even "intelligent" and sell them at high prices but their claims remain dubious. An ad for an apartment building under construction in Tan Phu district says: "Modern design, fully equipped with amenities, next to administrative center" but it turns out to be in a thickly-populated residential area with few facilities. The developer claims the street in front will be widened before the apartments are completed and handed over to the buyers but the road project has so far remained on paper. … [Read more...] about HCMC apartments touted as ‘high-grade’ – but are they really?
Downtown apartments not allowed to be split Dinh Dung By Dinh Dung - The Saigon Times Daily HCMC – Apartments at existing projects in the downtown area will not be allowed to be divided into smaller ones or change their use purposes, according to a proposal of the HCMC Department of Construction. In areas outside the downtown quarter, the department will only consider changes to projects which have had technical infrastructure completed or have not been kicked off, according to the proposal that has been submitted to the city government. Commercial housing projects when changed into low-cost ones will be priced at a maximum of VND12 million per square meter, inclusive of VAT. Besides, the selling prices or rental will be set based on auditing principles. According to the department, the State will not use its budget to buy commercial housing projects to provide low-cost apartments. Project investors will have to sell apartments directly to buyers upon approval from the … [Read more...] about Downtown apartments not allowed to be split