Real crowd 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

Recently, ThuDuc House (HSX: TDH) reported VND20 billion ($870,000) in net losses, triple the amount in the company's original financial statement. The statement explained that financial costs in the second quarter rose by 108 per cent on-year, while the company had yet to earn revenue from several released projects like Centum Wealth (which is expected to improve in the next quarters). … [Read more...] about Real estate giants report heavy losses

Two apartment buildings in HCMC. The real estate sector saw a steep rise in the number of enterprises registering for temporary suspension between January and August – PHOTO: THANH HOA HCMC – The real estate sector saw the highest growth in the number of enterprises registering for a temporary suspension between January and August at 923 firms, skyrocketing by 136% year-on-year, due to the impact of the coronavirus pandemic. … [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