PAYMENT CAPS PROPOSED FOR FOREIGN-INVESTMENT HOUSING PROJECTS
[12-03-2015] Investors of foreign-investment housing projects, who have not handed over the units to the buyers, will not be allowed to collect more than half of the apartment's value. This is part of a draft regulation of the construction ministry - prepared on the basis of the law on the real estate business – that is now inviting public opinion.
NUMBER OF NEW REALTY COMPANIES SURGES
[09-03-2015] The number of new property trading firms established during January and February this year surged 88.8% from the same period last year, according to the General Statistics Office. The real-estate sector also saw a large number of firms resuming operations, up 52.8% from a year ago.
HONG KONG FIRM INVESTS IN HIGH-END HCM CITY APARTMENT
[03-03-2015] Hong Kong-based private-equity, real estate and financial investment player Hamon Group and Vietnamese property company SonKim Land have last week signed an agreement to develop a high-end property project in HCM City's in District 2 called Gateway Thao Dien.
PROPERTY RULE HURTS FIRMS, BUYERS
[09-02-2015] The new regulation making it mandatory for property developers to make deposits is hurting both enterprises and home-buyers, as it is expected to be eventually absorbed into the selling price. Le Hoang Chau, chairman of the HCM City Real Estate Association (HoREA), made the remark at a conference to review the real-estate market, which was held in HCM City on Thursday.
INTERNATIONAL INVESTORS HUNT HIGH AND LOW FOR LAND IN HCM CITY
[04-02-2015] Foreign investment funds and real estate developers have been looking for cleared land to purchase as the property market is expected to heat up in 2015. A Luxembourg-based investment fund, for example, has been looking for land plots in districts 8, 9, Thu Duc, Binh Tan, Tan Phu and Nha Be.
FOREIGN-INVESTED INDUSTRIAL ZONES THRIVING IN VIETNAM
[03-02-2015] The major difference between Vietnamese-owned and foreign-invested industrial zones (IZs) is that the former aim to lease land to businesses, while the latter, which have had great success, want to provide industrial infrastructure, as required by investors.
REAL ESTATE MARKET POSITIVELY AFFECTING INVESTOR CONFIDENCE
[29-01-2015] According to a report by Savills Vietnam on the real estate market of Hanoi, in the the fourth quarter of 2014, the real estate market of Vietnam showed a strong recovery. The risks to projects are now lower, widening the opportunity for investors to participate in the market in 2015.
ECONOMIC ZONE GETS FUNDING BOOST
[29-01-2015] Prime Minister Nguyen Tan Dung has issued special policies for the Van Don Economic Zone in Quang Ninh to invite more investment to the zone as well as the province. PM Dung has added the economic zone (EZ) to the list of coastal EZs to allocate investment for development from the state budget in the 2013-15 period.
