The real estate market has seen improvements, with an increase in transactions and a slow-down in falling prices, the Vietnam Investment Review (VIR) reported. More than 1,500 successful transactions were reported in the first quarter in Hanoi, double the number recorded during the same period last year. In the first 15 days of April, more than 800 transactions were reported. According to Nguyen Tran Nam, Deputy Minister of Construction, a range of projects had seen remarkable increases in sales, including Vingroup’s Royal City and Times City, Hoa Phat Group’s Mandarin Garden, Thang Long Number One, 175 Nguyen Trai and Victoria Van Phu. Land and villa sales have also seen modest increases this quarter compared to zero sales during the same period last year. “These figures reveal that Hanoi’s real estate market has seen positive movement with increasing transactions. In many projects, inventories have been reduced,” Nam said at a meeting of the National … [Read more...] about Bản in : Real estate market shows signs of warming up
Steering in real estate
Real estate market to stay costly: report
The Hanoitimes - The domestic real estate market is likely to experience high prices and instability despite a significant increase in supply, experts say. From now until the end of this year, the real estate market will attract more investors, not only in big cities like HCM City, Hanoi and Da Nang, but also in other areas, according to a report compiled by an expert group of the Central Steering Committee on Real Estate Market and Housing Policy. "The Vietnamese real estate market continues to lure more foreign investors thanks to the global economic recovery," said Deputy Minister of Construction, Nguyen Tran Nam, who heads the group. He pointed out that the market would get more capital when local enterprises started to build cheap apartments for low-income customers. "Thanks to plentiful housing supply, customers will have more choices," he said. The expert group also noted that neighbouring localities of Hanoi and HCM City, such as Vinh Phuc, Hung Yen, Dong Nai and … [Read more...] about Real estate market to stay costly: report
Training in Real estate business and Housing Laws and guiding documents for implementation
On 10 September morning, at the provincial Square, the Department of Construction held a training conference in Real estate business and Housing Laws and guiding documents for implementation for the key cadres of provincial to grassroots levels and relevant units. Mr. Vu Van Phan - Deputy Director of Department of Legislation - Ministry of Construction introduced and deployed two important Laws mentioned above. Mr. Ao Van Thinh - Vice President of the provincial People's Committee attended and stated at the conference. Houses in the street 5 The training contents included the introduction and deployment of Real estate business Law and Housing Law adopted by the 11th National Assembly in the eighth meeting session of Novemver 29, 2005; Decree No 90/2006/NĐ-CP on September 6, 2006 by the Government setting and guiding in details the implementation of Housing Law; and Circular No 05/2006/TT-BXD on November 11, 2006 by the Ministry of Construction on how to carry out some contents in … [Read more...] about Training in Real estate business and Housing Laws and guiding documents for implementation
Real estate firms steer wheel in other directions
The frozen real estate market have forced real estate firms to jump into other business fields, where they hope they can earn money to survive and wait for the market to warm up. The shareholders’ meeting of Thai Binh Duong Real Estate and Infrastructure Development Company (PPI) has approved the plan of the board of management to make investments in some new business fields. The name of the enterprise shows that it has two main business fields – infrastructure development and real estate trade. However, in the time to come, the name PPI would be also heard in the forestry, agriculture and seafood sectors as well. Explaining the decision on starting business in new fields, the board of directors of the company said the company is facing too many difficulties with its core business field. While real estate projects always need huge capital, commercial banks have tightened lending. Meanwhile, finished products have been selling very slowly. The company also should expect … [Read more...] about Real estate firms steer wheel in other directions
Real estate ‘fails’ to strike balance with social housing
The real estate market had failed to strike a balance between commercial and social housing projects, deputy Construction Minister Nguyen Tran Nam complained in Ha Noi yesterday. "Housing paid for by instalment or for rent to low-income earners have failed to win their attention." … [Read more...] about Real estate ‘fails’ to strike balance with social housing