VietNamNet Bridge - The profitability rate of Vietnam’s high-end real estate is much more attractive than in other ASEAN countries, which explains why Asian realtors are flocking to Vietnam. Asian investors are interested in Thu Thiem new urban area development plan Pham Lam, CEO of DKRA Vietnam, said Asian investors are now very active in Vietnam, especially in the ‘golden land’ areas. Singaporeans focus on seeking potential land plots, promising to see strong development in the future. Japanese and Malaysians favor the mid- and high-end market segments, and choose land plots in newly developed districts. Many Japanese and Malaysian invested projects are located in districts 7, 9, Binh Chanh and Tan Phu, on backbone routes of the districts. RELATED NEWS Real estate firms see great opportunities in FDI wave Foreign investment in real estate sector in HCMC spikes after years of dormancy Mai Lan … [Read more...] about Asian real estate investors focusing on high-end projects in Vietnam
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Vietnam has made some improvement in its level of real estate transparency, according to a biennial report by a global property services firm. The Global Real Estate Transparency Index from Jones Lang LaSalle, which provides a rigorous framework for comparing the level of real estate transparency in 82 countries, assesses five key attributes. These are performance measurement, market fundamentals, listed vehicles, legal and regulatory environment, and the transaction process. On a scale of one to five, one is the highest level of transparency. Countries were classified into five groups: high tier, transparent tier, semi-transparent tier, low-transparent tier, and opaque transparent tier. In keeping with historical results, the Australian and US real estate markets remain among the most transparent in the world. With the addition of new variables relating to the quality and frequency of valuations, service charge transparency and financing transparency, Canada ranks as the world's most … [Read more...] about Real estate transparency inches up
Eco friendly resort developments could be the next big attraction in the real estate market in Vietnam but experts are warning that there are no standards. In fact it is quite possible that projects can be labelled green but actually have very few environmentally friendly attributes, according to Nguyen Xuan Chau, Lecturer at the Economics University in Ho Chi Minh.The Ministry of Construction confirmed that it does not have any standards for ecological real estate products. 'It is quite a new concept here,' a spokesman said. Chau said that there is no exact description of what can be called an ecological real estate project and he is concerned that property investors may be being given false information by developers and agents.He added that so-called green projects are often priced higher and are located in beautiful locations where perhaps their impact on the environment is even more questionable. According to recent reports from consultants eco-friendly apartments sell well and are … [Read more...] about Eco real estate projects boooming in Viet Nam but experts warn there are no standards
Hanoi Times - High construction material prices and lack of capital both have been handicapping real estate developers. They have to either to sell their projects to foreign investors, or take no action and wait for brighter days to come More and more domestic real estate developers are now seeking foreign partners to develop their projects. The developers can get land for projects allocated, but they are not financially capable enough to develop the projects. Meanwhile, according to the HCM City Real Estate Association, many foreign investors are eyeing real estate projects in Vietnam. They mostly come from South Korea, Malaysia, Singapore and the Middle East. However, observers said that except for a small number transactions in which shares were transferred at low prices, the market has not witnessed any successful deals so far. According to Le Quoc Duy, General Director of Hoa Binh Housing Joint Stock Bank, foreign investors have become more cautious when making deals. The … [Read more...] about How real estate developers contriving in the age of inflation?
Money shortages are forcing local real estate investors to sell projects to foreigners. A housing project in Ho Chi Minh City has been delayed due to the investor's lack of capital. Some domestic investors have had to give up their projects entirely to foreigners … [Read more...] about Locals pass real estate projects to foreign investors