Richard zirinsky 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

The Covid-19 pandemic has interfered with marketing, advertising and selling activities for property products, sending the revenue of many property firms down, Chau said, adding that multiple firms have even incurred heavy losses as costs of management and investment and loan rates have soared. … [Read more...] about Real estate reports highest number of suspended firms

An under-construction apartment building project in District 7, HCMC. The HCMC Department of Construction will initiate a periodic inspection into under-construction real estate projects in the city – PHOTO: LE ANH HCMC – The HCMC Department of Construction will launch a periodic inspection into two dozen under-construction real estate projects in the city to review the compliance with construction safety standards. … [Read more...] about HCMC to inspect ongoing real estate projects