For real estate to be truly sustainable, the industry needs to look beyond green building design standards and consider broader interrelated impacts, a CBRE specialist says. Using case studies such as TAIPEI 101, M&G Real Estate, and Standard Chartered Bank, as illustrations, Tim Shen, CBRE’s Head of Sustainability in Asia, proposed that leading organizations are integrating various aspects of sustainability across their operations to create a new "business as usual." Innovative thinking and commitment to leadership has allowed such organizations to cost-effectively realize value in new areas, a very important issue in emerging free market economies where regulation on sustainability issues is still nascent and other drivers such as energy and water pricing are too low to incentivize efficiencies, Shen said at a recent workshop in Ho Chi Minh City. "Given the rates of urbanization in Asia, it is of course imperative that all new buildings are designed and constructed to the … [Read more...] about Sustainable real estate requires thinking beyond green design: CBRE
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HCMC real estate market shows recovery
The Ho Chi Minh City real estate market is now showing positive signs of recovery, after a long period of freeze in transactions, according to several research companies specializing in the real estate segment. Property prices at present have decreased to 50 percent since it peaked, but according to market analysts, 50 percent in real estate was a reasonable level when considering affordability and the real need of the buyers. In the first six months, sales of apartments were modest, but since July the market has witnessed a lot of apartments, mainly in the medium segment, being offered at bargain prices. … [Read more...] about HCMC real estate market shows recovery
Internet stock collapse dents Silicon Valley
Social media companies, once hailed by their Silicon Valley boosters as world-changing businesses with limitless potential, are instead proving a sobering reminder of how investors can be seduced by Internet hype. … [Read more...] about Internet stock collapse dents Silicon Valley
Developers woo homebuyers via interest-free plans
Developers woo homebuyers via interest-free plans Dinh Dung By Dinh Dung - The Saigon Times Daily The Hyco4 Tower project, located on Nguyen Xi Street in HCMC’s Binh Thanh District, is seen on the opening day of the marketing program - Photo: Dinh Dung HCMC – There is a fierce competition among condo project owners who are rolling out attractive sale plans including those for interest-free installments. Many housing developers this year have actively launched their products since early this year instead of keeping a ‘wait-and-see’ attitude as seen last year. Their sales policies focus on seeking affordable financial solutions for homebuyers. For instance, Thuy Loi 4A Realty Investment Joint Stock Company last Saturday introduced the model apartment of The Hyco4 Tower project located on Nguyen Xi Street in Ward 26 in HCMC’s Binh Thanh District. The realty developer also marketed the project’s condos at the same time. Around half of 60 … [Read more...] about Developers woo homebuyers via interest-free plans
BUSINESS IN BRIEF 19/12
Business environment needs stability Around 55,000 enterprises in Vietnam may file for bankruptcy by the end of this year but the situation was not overly serious, one official said. Bui Anh Tuan, Deputy Director of the Ministry of Planning and Investment's Business Registration Division, made the comment at a seminar on business development and investment in Hanoi on December 11. "The situation in Vietnam is not really that pessimistic as the country recorded nearly 48, 473 bankrupted enterprises in the first eleven months of the year. This is the same as the rate of from 11%-15% annual bankrupted enterprises in Japan and the US," Tuan said. The country is estimated to have 65,000 new businesses this year, meaning the country will still have 10,000 more operational enterprises during the year, he assessed. However, he admitted that due to the large number of enterprises filing for bankruptcy, it has resulted in a deficiency in state budget revenues this year. Deputy Minister of … [Read more...] about BUSINESS IN BRIEF 19/12