Steering in 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

Dat Xanh Group (HSX: DXG) also reported VND488 billion ($21.2 million) in reviewed net losses for the first half of the year, while the figure was VND38 billion ($1.65 million) in the unreviewed financial statement. After-tax profit has been revised from around $5 million to negative VND374 billion ($16.26 million) due to transferring all LDG Investment JSC shares and setting aside VND526 billion ($22.87 million). … [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

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