Post gazette real estate

Investors have been invited to contribute capital to real estate projects and enjoy a profit of 36 percent per annum, and have also been persuaded to buy corporate bonds at a high interest rate of 18 percent per annum.  One real estate firm in HCM City is offering a business cooperation model to develop guest houses for rent, under which VND40 million is contributed to own one room. … [Read more...] about Real estate firms offer sky-high profit rates to attract investors

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange edged up 0.02 per cent to close Friday at 888.97 points. It had edged down 0.06 per cent to close Thursday at 888.82 points. More than 309.9 million shares were traded on the southern exchange, worth VNĐ5.5 trillion (US$237.9 million). Market breadth was neutral with 196 gainers and 197 decliners. According to BIDV Securities Co, market liquidity declined compared to the previous trading session, which showed that investors remained cautious as the VN-Index is approaching the 900-point mark. The VN30-Index, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity on HoSE, lost 0.04 per cent to close Friday at 825.56 points. Cash flow tended run into industrial real estate stocks and construction stocks such as Investment and Construction Development Joint Stock Corporation (DIG), Đất Xanh Group (DXG), Hòa Bình Construction and Real Estate Corporation … [Read more...] about Shares struggle to stay positive, real estate stocks spur market

The net losses of Duc Long Gia Lai Group (HSX: DLG) have also increased to VND286 billion ($12.43 million) from VND257 billion ($11.17 million) in the unreviewed financial statement. This was due to financial costs rising 11 per cent as projects were temporarily suspended in the first half while other revenues decreased. Notably, corporate income tax expenses doubled to VND14 billion ($608,700). The audited statement also brought into question whether DLG can continue operating, stating that this depends on future performance as well as negotiations with owners on extending and restructuring principal, interest debt, and interest reduction. … [Read more...] about Real estate giants report heavy losses

Meanwhile, 620 real estate enterprises completed procedures for dissolution, with the sector ranking fifth among the country’s dissolved firms over the eight-month period, after the wholesale, retail, and vehicle maintenance sectors, with some 38,000 firms, followed by the processing and manufacturing sector, construction, and science, technology, design, marketing and consulting services. … [Read more...] about Real estate reports highest number of suspended firms

The Vinh Hoi Apartment Building in District 4, the Riverside Apartment Block in Binh Thanh District, the high-rise Akari Hoang Nam Apartment Block in Binh Tan District and Tilia Residences in District 2, which are underway, will also be subject to the periodic inspection. … [Read more...] about HCMC to inspect ongoing real estate projects