VSIP PHU QUOC PLAN PUT ON HOLD
[24-06-2015] Deputy Prime Minister Hoang Trung Hai has told the Ministry of Planning and Investment to inform relevant parties of the Vietnam-Singapore Industrial Park (VSIP) project of a halt to this planned park on Phu Quoc Island.
BANK GUARANTEES FOR PROPERTY MEANT TO SAFEGUARD BUYERS
[23-06-2015] A regulation ordering bank guarantees to become mandatory for property purchases, which was to be completed in the future, has caused mixed concerns among property developers and buyers. Following Article 56 of the Law on Real Estate Business, to take effect on July 1, property developers, before selling or leasing unfinished or future property, must obtain guarantees from eligible commercial banks as assurances of their financial obligations to buyers.
FOREIGN CAPITAL BOOSTS REAL ESTATE MARKET
[20-06-2015] New capital from foreign investors is gradually flowing into the property market, not only in the premium segment, but also the medium one. The premium real estate segment remains the one which attracts the most foreign capital.
VSIP PLANS INDUSTRIAL TOWNSHIP IN BINH DINH
[18-06-2015] The investors of an integrated township and industrial park project in the central Binh Dinh Province plan to carry out a survey of the project's construction area on June 19. The investors are the Investment and Industrial Development Corporation Group (Becamex IDC) and the Viet Nam-Singapore Industrial Park Joint Venture Company (VSIP), the provincial Investment Promotion Centre said.
UPGRADE FOR ECONOMIC ZONE
[17-06-2015] The Nghi Son Economic Zone in the central province of Thanh Hoa is expected to become a multi-sector industrial complex focusing on petrochemical refineries and basic industries in the near future.
REAL ESTATE MARKET IN A NEW RACE
[10-06-2015] The Vietnam property market is becoming more vibrant, which helps increase the liquidity of the market. As the supply and demand of the market are growing, competition will become fiercer; supply continues to be raised and people believe that the market is entering a new race.
HIGH-END REAL ESTATE SALES PICK UP SPEED
[08-06-0215] The high-end property segment is warming up along with the recovery of the realty market this year. Many high-profile projects have started construction or have been released for sale, attracting a large number of buyers due to the promise of profits.
FOREIGN INVESTORS FIND PROPERTY MARKET ATTRACTIVE
[05-06-2015] Foreign investors have shown rising interest in Vietnam’s property market due to a lack of alternative markets and the nation’s attractive rental yields, said a CapitaLand senior executive. With the lacklustre performance of real estate markets in the region, Vietnam has the high possibility of taking over other regional property markets.
