Christies real estate

Vietnam is following a skeptical interest rate policy, with few and minor adjustments. More central banks have cut prime interest rates in a trend of loosening monetary policies worldwide. The Australian central bank has for the second time in the last month slashed the interest rate. And the Indian central bank has eased the interest rates for the third time this year. The central banks of Japan, the UK and the EU have not made adjustments, but are showing signs of considering and getting ready to ease interest rates to maintain the economic growth, especially after the US FED decided to maintain interest rate in the June meeting. The monetary loosening was a big surprise to many analysts. Prior to that, in 2018, many monetary policy operators raised the interest rates. How about Vietnam? Kim Chi  Banks cut priority loan interest rates Soon after the US announced a 0.25 % cut in the benchmark interest rate on July 31 seven Vietnamese banks, including … [Read more...] about Vietnam cautious about interest rate policy

Mr. Michael Piro, Chief Operating Officer at Indochina Capital, tells VET that foreign investors are keen on niches in Vietnam's property market where smaller local players lack the required expertise. ■ How do you view the development of Vietnam’s property market at this time? We are seeing more consolidation, as projects undertaken by smaller and less-experienced companies are taken over by larger groups. Large groups with significant financial muscle are bullish on the market, given that Vietnam continues to have strong economic fundamentals, including a young millennial population, high income growth, strong FDI, and a rapidly-growing economy. Therefore, we see many companies who are keen to expand through mergers and acquisitions. In the meantime, the market has grown to a level where experience is recognized and rewarded as consumers and buyers are becoming more sophisticated. Buyer demand has started to dictate the direction of the market and what kind of product … [Read more...] about Foreign investors stepping in

The information was released at a press conference on Hanoi’s real estate market in the first quarter of this year held by the Commercial Real Estate Services (CBRE) Vietnam Company on April 3. According to Nguyen Hoai An, Manager of Research, Consulting and Asset Management Services at CBRE Vietnam, said that in the period, a total of 8,800 apartments of 39 projects were put on sale, with the middle-income segment making up the majority. The transaction prices ranged from US$800-1,500 per sq.m. During January-March, around 6,600 apartments were sold, up 5% against the same period last year. Notably, foreign investors stepped up the selling at such international markets as Singapore and China’s Hong Kong. An said that the prices of apartments will witness a slight increase of 1-2% in the second quarter of 2018. More apartment buildings are expected to be built in the outskirts of Hanoi where transport connectivity is convenient, she added. She warned consumers of paying … [Read more...] about Apartments for middle class remain abundant

To cope with rainfall, sea water level rise and land subsidence, HCM City is discussing with Dutch experts the possibility of building multi-task dykes to prevent floods and provide water in districts 2 and 9. This will be a huge project capitalized at $1.266 billion. Along with the multi-function dyke system, the Dutch experts have proposed organizing activities to create revenue, such as golf courses, parking lots, shops, entertainment areas and a conference center. He said flood prevention has relations to urban planning, irrigation planning and canal improvement. In order to settle the problem, many measures need to be implemented at the same time. HCM City authorities have taken steps, including repair of the sewer system, dredging of the Nhieu Loc Canal, installing high-capacity pump and upgrading the bed of roads. But problems remain. “The rivers and canals in the city, which served as drainage systems, are filled up. The rivers and canals have been cleared to … [Read more...] about HCM City considers flood-prevention project with Dutch technology