Ttntag real estate

Gloom has set in in many localities including Bao Loc (the Central Highlands province of Lam Dong), Dac Nong, Binh Phuoc, Ba Ria-Vung Tau, and Binh Thuan, whose real estate markets used to be hot a few months ago.— Photo datxanhgiatrithuc.com Tran Trung Thanh, a real estate broker in Binh Thuan and Ba Ria-Vung Tau provinces, said since the beginning of April demand for agricultural lands has seen a sharp slump. The number of people who want to sell land is higher than those who want to buy, he said. Gloom has set in in many localities including Bao Loc (the Central Highlands province of Lam Dong), Dac Nong, Binh Phuoc, Ba Ria-Vung Tau, and Binh Thuan, whose real estate markets used to be hot a few months ago. Even the housing segment has shown signs of slowing down in many localities due to falling demand on both the primary and secondary markets. HCM City is a typical example. The country’s economic hub always has high demand for housing and faces a serious shortage of … [Read more...] about Real estate market slumps as banks cut off funds

Land split into lots for sale. The real estate market was slowing down on the tightening of credit flow into certain segments. — VNA/VNS Photo As moves are taken to control the credit flow into certain segments, while localities seek to tighten the land lot split, the real estate market could slow down, but experts remain divided on the risk of the bubble bursting. In recent years, land prices increased rapidly despite the impact of the COVID-19 pandemic. According to a report by the Department of Housing and Real Estate Market Management under the Ministry of Construction, land prices, especially in localities planning or developing infrastructure saw whopping increases. The moves to control credit flow into the real estate sector and land lot split were cooling the market, with falling liquidity but prices staying at high levels. A report by real estate portal batdongsan.com.vn showed that searches for property on sale via the portal in the first five months of this year … [Read more...] about Real estate market slowing down, experts divided on bubble risk

Land split into lots for sale. The real estate market was slowing down on the tightening of credit flow into certain segments.-VNA/VNS Photo In recent years, land prices increased rapidly despite the impact of the COVID-19 pandemic. According to a report by the Department of Housing and Real Estate Market Management under the Ministry of Construction, land prices, especially in localities planning or developing infrastructure saw whopping increases. The moves to control credit flow into the real estate sector and land lot split were cooling the market, with falling liquidity but prices staying at high levels. A report by real estate portal batdongsan.com.vn showed that searches for property on sale via the portal in the first five months of this year dropped by 11 per cent against the same period last year. Nguyen Quoc Anh, deputy director general of batdongsan.com.vn, said the market was slowing down significantly with interest in buying a property decreasing by 9 per … [Read more...] about Real estate market slowing down, experts divided on bubble risk

The portfolios of the top developers for 2022 are valued at $1.82 billion, while those of the 2022 elite architecture firms comprise $9.71 billion worth of properties scheduled to start construction in Vietnam this year. These firms were chosen based on the greatest aggregate value of projects under construction during the last full calendar year, weighted by the extent of their sustainability efforts. For architecture firms, pre-tender projects were included to recognize early incorporation of green design efforts. At the annual BCI Asia Awards ceremony on June 30, the Top 10 Developers Award 2022 for Vietnam was given to BCG Land Joint Stock Company, BRG Group, BW Industrial Development JSC, CapitaLand Development (Vietnam), Danh Khoi Joint Stock Company, Flamingo Holding Group, Hoang Huy Group, Hung Thinh Land Joint Stock Company, Nam Long Investment Corporation, and Vinhomes JSC. From left to right: Vo Manh Tin (BCG Land), Wyeren Yap (CapitaLand), Nguyen Thi Hanh … [Read more...] about BCI Asia Awards honors top architecture, real estate firms

Illustrative image (Source: VNA) Hanoi (VNA) – Positive changes in the real estate sector are crucial if the country wants to meet its green growth targets. Along with construction, the sector is the source of nearly 40% of carbon emissions in the world and consumes about 36 percent of total power generated globally, according to experts. Savills cited the Global Status Report for Buildings and Construction 2021 , which showed that in 2020, the real estate and construction sector accounted for 36% of global final energy consumption and 37% of energy related CO2 emissions , as compared to other end use sectors. Vietnam approved a national strategy on green growth for the 2021-2030 period with a vision to 2050, which aims to switch the country’s growth model towards a greener economy with the application of a circular economic model through the economical and efficient use of natural resources and energy, and developing sustainable infrastructure for higher growth … [Read more...] about Real estate firms advised to catch up with green growth trend

Vietnam Cyber Range (VCR), a system for practical training and testing of cybersecurity personnel, was officially launched on Tuesday. Developed by Vietnamese cybersecurity corporation Bkav, the system creates a realistic training environment and provides real combat drills to help those working in cybersecurity improve professional skills. Vietnam is lacking in personnel with expertise and experience in cyberinformation security, according to the Vietnam Information Security Association (VNISA). About 50 percent of agencies and organizations in Vietnam do not have ready forces and standard operating procedures to respond to cyberinformation security incidents, VNISA estimated. With diverse combat environments, VCR is expected to halve the process of training high-level cybersecurity personnel, which usually takes seven to 10 years, according to Bkav deputy chairman Ngo Tuan Anh. It simulates other information technology systems of e-government, smart cities, and specialized … [Read more...] about Vietnam introduces real combat training system on cybersecurity

Ring road plan to transform market - Illustrative photo (Source: VNA) The government has asked the National Assembly (NA) to consider and decide on the policy for investing in the ring roads to be located in the country’s two biggest cities. Tran The Anh, sales director of Thang Loi Group, said that the land fund in inner cities is increasingly exhausted and prices are high, with investors turning to suburban real estate. “There is a thirst for houses for those living and working in Ho Chi Minh City in particular,” The Anh said. “The shifting trend of investors and individual financiers is also creating a new vitality for the real estate market in the suburbs.” One of the issues discussed by NA delegates and experts is how to exploit the land fund around the two ring roads, which will soar in value. Already in many places, the price of land in the area has increased dozens of times over. “Because the two routes will open up a vast land fund, the management of auctions of … [Read more...] about Ring road plan to transform market

Illustrative image. (Photo: VNA) Hanoi (VNA) - Vietnam's cold storage real estate segment is developing and is expected to reach 295 million USD in 2025 with a growth rate of 12 percent a year, according to real estate consultancy Savills Vietnam. real estate in the southern provinces is considered to be more developed due to the robust demand for storage food, seafood and retail items. However, northern localities have seen a boom in cold storage facilities with design capacity skyrocketing from 26,750 shelves in 2015 to 71,750 shelves in 2018. e-commerce is putting a lot of pressure on cold storage facilities in Vietnam due to limited quantity, despite rising investment from domestic and foreign investors in the expansion of cold storage facilities in the past three years. VNA … [Read more...] about Cold storage warehouse market forecast to grow 12 percent a year: Savills Vietnam

The central bank is seeking feedback on its draft circular that sets stricter conditions for real estate loans as a measure to mitigate speculation and risk of a bubble burst. If projects have not yet become legally eligible, there is a high possibility of customers and owners canceling the contract over the failure in acquiring needed permits. This will complicate commercial banks’ management of capital and potentially pose risks to the economy, the central bank argues. Le Hoang Chau, chairman of the Ho Chi Minh City Real Estate Association (HoREA), deemed the move "necessary", noting that loans are still allowed for projects that meet legal requirements. "The draft not only helps protect customers’ rights and benefits, but also build a healthier real estate market," Chau said. Tran Khanh Quang, director of property developer Viet An Hoa, estimated that around 20 percent of homebuyers pay their deposits with loans. The approval process for these loans have been tightened in … [Read more...] about No home loans against legally incomplete projects: central bank

During the second half of this year Quoc Cuong Gia Lai would slow down investment and wait for property policies to be streamlined, CEO Nguyen Thi Nhu Loan told shareholders at the annual general meeting Wednesday. The property sector faced many challenges in the last two years due to the Covid-19 pandemic, and has not been able to recover this year due to a shortage of credit as banks have used up their credit growth quotas, she said. Many projects have been stalled for three years due to the contradictions between the housing, land and real estate trading laws, and it is unclear when these would be resolved, she said. "The stalling of projects means developers cannot sell them and therefore their cash flows are blocked. The market is burdened by a shortage of capital." The head of a property developer based in Thu Duc City, who asked not be identified, said his company achieved the worst second quarter sales in the last five years. The plummeting demand has forced it to … [Read more...] about Property sector slows down amid unfavorable market conditions