The average selling price of a street-view house in HCMC’s District 1 was VND490 million ($21,124) per square meter in Q3, according to a report by real estate trading site Batdongsan.com.vn. This was 56 percent higher than the average price in neighboring District 3 and 87 percent higher than in District 10. For alley-view houses, the average price in District 1 was VND259 million ($11,164) per square meter, 32 percent higher than District 3 and 52 percent higher than District 10. For apartments, the average price in District 1 was VND114 million ($4,914) per square meter, twice that of the second-ranked District 10. Dwindling real estate supply in HCMC as population increases has pushed real estate prices up in recent years, especially in central business districts. According to real estate firm Savills, total supply, which includes unsold units and newly built units in the city in the last quarter of 2018, fell 44 percent year-on-year. This number fell by a further 34 percent … [Read more...] about District 1 house prices top Saigon real estate chart
Lancaster city council 5 year housing supply
At the meeting (Photo: VNA) Kazan (VNA) – Vietnamese National Assembly Chairwoman Nguyen Thi Kim Ngan met with Chairman of the State Council of Tatarstan Farid Khayrullovich Mukhametshin in Kazan city on December 8 as part of her official visit to Russia. At the meeting, Ngan said Vietnam always attaches importance to its comprehensive strategic partnership with Russia, considering it one of the top priorities in its foreign policy. The Vietnamese people will forever be grateful for the wholehearted support of their Russian counterparts during their past struggle for national liberation and reunification, as well as the present cause of national construction and defence, the top legislator said. She highlighted the fruitful political and diplomatic ties between Vietnam and Russia, with regular exchanges of delegations at all levels. Bilateral economic, trade and investment cooperation have developed remarkably, especially since the free trade agreement between Vietnam and … [Read more...] about Top legislator meets Chairman of Tatarstan’s State Council
Overseas remittances are invested in property in HCM City, including in the new Thu Thiem residential area in HCM City’s District 2. — VNA/VNS Photo Ngoc Hai Remittances to HCM City from overseas in the first 11 months of 2019 exceed US$4 billion, and are expected to top $5 billion for the year, according to the State Bank of Viet Nam (SBV). The city had received $5 billion last year too, or more than 30 per cent of the total remittances sent to Viet Nam. According to figures from the World Bank, Viet Nam expects to receive $16.7 billion this year, making it the ninth largest beneficiary in the world. They had been worth $16 billion last year. In recent years, Viet Nam has been the third largest beneficiary in Asia and among the top 10 in the world. Statistics released by the SBV’s HCM City branch show that 72 per cent of overseas remittances is invested in business activities and nearly 22 per cent in real estate with the rest used for family expenses. Dr Nguyen Duc … [Read more...] about Remittances to HCM City set to top $5 billion
While no new major roads have been opened in Hanoi over the last few years, apartment projects, collectively comprising several thousand apartments, have proliferated in the Vietnamese capital. Hundreds of new apartment projects and high-rise buildings, both on stream and under-construction, can be found along such streets as Belt Road No. 3, Le Van Luong, Hoang Minh Giam and Nguyen Trai in Ha Dong District. At the Trung Hoa-Nhan Chinh Urban Area, currently considered the capital’s fastest-growing construction development spot, new buildings are being constructed at lightning speed and with high density. This only puts more pressure on the already overloaded traffic system surrounding the area. Just because an area already houses numerous apartment buildings does not mean no more projects are planned there, at least as it seems in Hanoi. Several major condo complexes, including the 40-story Thang Long Number 1, 35-story Ecogreen City, 27-story Vinaconex 1, and Kim Van-Kim Lu … [Read more...] about Apartment projects mushrooming in Hanoi
Duc Hoang The most potent weapon of a consumer is to stop consuming. How do we then answer the question: "If we don't use their water, who else will provide it to us?" My family was among those troubled recently over the fact that our son's school was located just one kilometer from the burnt Rang Dong light bulb warehouse (that leaked 15-27 kilos of mercury into the air). Now we've got a new one: polluted tap water and the difficulty in getting bottled water. Since my family and I are not the only ones severely affected by this, since there are millions of us, one would expect the company responsible for the crisis to be hit hard by it too. However, the stocks of Song Da Water Investment Joint Stock Company (code: VCW) on the Unlisted Public Company Market (UPCoM) still went up on Tuesday. There was no chain reaction following a public crisis like what one would see in a movie, where a negative news about a company spreads and causes its stock to spiral … [Read more...] about How can Vietnamese people manage a water supply monopoly?