HCM City will hold an auction to find investors for projects on nine land plots in the Thu Thiem new urban area in District 2 (Photo: VNA) HCM City (VNA) – Ho Chi Minh City will organise an auction to seek investors for the right to use nine land plots in the Thu Thiem new urban area in district 2. The auction is expected to be held in the third quarter of this year. The nine land plots are on the city’s list of 210 projects that are calling for investors. The nine land plots are located in an area expected to be a highly dense multi-functional commercial centre. To be eligible, investors must ensure progress on the project, and prove their management capacity to develop the project with the surrounding area. Tran Vinh Tuyen, Vice Chairman of the municipal People’s Committee, said these land plots will be auctioned one by one to give time for review and evaluation, and to ensure that the selected investors are capable of implementing the project According … [Read more...] about HCM City seeks investors for nine plots in Thu Thiem
Thu thiem
Another vibrant year awaits Vietnam’s property market
Visitors to an event introducing real estate projects (Photo: VNA) Hanoi (VNA) – Last year witnessed many mergers and acquisitions (M&As) in Vietnam’s real estate sector, and foreign investors’ interest in the market is forecast to continue in 2018. Thu Thiem, a new residential area in Ho Chi Minh City, recorded several big deals last year, including cooperation to develop the Thu Thiem River Park project between Hongkong Land and Ho Chi Minh City Infrastructure Investment Joint Stock Company. Also in the fourth quarter of 2017, CapitaLand announced it had bought a condominium project covering 1.45ha in District 4 of HCM City at 40 million USD. The purchase raised the number of housing projects owned by the Singapore-based firm to nine in HCM City and 11 in Vietnam. Many insiders expressed belief that 2018 will be another big year for foreign investment in Vietnam’s property market. Senior Director of CBRE Vietnam Duong Thuy Dung said real estate led … [Read more...] about Another vibrant year awaits Vietnam’s property market
Pre-feasibility study of high-speed railway project submitted to PM
Illustrative image (Source: internet) Hanoi (VNA) - Minister of Transport Nguyen Van The has submitted a pre-feasibility study report for a North-South high speed railway project to Prime Minister Nguyen Xuan Phuc. This is one of the important projects of the nation, which was decided by the National Assembly on the investment policy and approved by the PM on investment grant. Accordingly, the total length of the railway is about 1,560 km, running along the North-South corridor, going through 20 localities, connecting Hanoi and Ho Chi Minh City. Of the total, the 14-km section in Hanoi shares the infrastructure with the Hanoi urban railway No. 1 (from Hanoi station to Ngoc Hoi station), and the remaining connects Ngoc Hoi station to Thu Thiem station, with 27 stations, five depots, and 42 infrastructure maintenance facilities. It is designed for passenger trains to run with a maximum speed of 350km/hour. The first phase of the project has a total investment of 561.6 trillion … [Read more...] about Pre-feasibility study of high-speed railway project submitted to PM
HCM City aims to accelerate administrative reform
The conference on HCM City's socio-economic performance in the four first months of 2019 At a conference held by the People’s Committee on May 10 to review socio-economic performance in the four first months of the year, Chairman Phong also urged removing difficulties for important development projects such as those in the Thu Thiem urban area, the fair and exhibition centre, the Phan Dinh Phung sport centre, the SJC tower and the Binh Quoi Thanh Da urban area. He said no large-scale cultural and sport projects have been implemented in the city over the past several years while most of those started earlier have been suspended. Therefore, drastic measures are needed to facilitate the implementation of the aforementioned projects, Phong said. The municipal People’s Committee plans to increase support for local firms in bolstering exports and remove obstacles for enterprises through the dialogue mechanism in May. At the same time, the city … [Read more...] about HCM City aims to accelerate administrative reform
Hongkong Land and the landmark 63 Ly Thai To building
BIM Land has signed 2 offshore loan agreements worth USD 137.5 millionBamboo Airways welcomes first Airbus A320neo aircraft in “Fly Green” liveryPerfect time to invest in Phu Quoc Real EstateSix Senses Con Dao becomes the first resort to launch Private Air Service to Con Dao IslandHow to tell if your child is thriving at school On 21st November 2018 in Hanoi, Hongkong Land will mark the 20-year anniversary of 63 Ly Thai To, a building located near the Hanoi Opera Theatre that has become one of the most important retail and office developments in the heart of the city’s central business district. The building’s success has contributed greatly to investor Hongkong Land’s reputation and position in the Vietnamese real estate market. 63 Ly Thai To occupies a prime location in the heart of Hanoi, and its “golden values” represent Hongkong Land’s vision and investment strategy. The vision of the strategist Dating back to … [Read more...] about Hongkong Land and the landmark 63 Ly Thai To building
