Residential market sluggish in Da Nang

In Da Nang, demand for apartments and villas chiefly came from buyers in Hanoi and HCM City, mostly for investment rather than use. In future 17,900 apartments in 27 projects and 1,060 villas in 20 projects are expected to hit the market.

Realty unsalable, trading floors shutting down in masses

The real estate has been decreasing sharply in all areas of Hanoi. Nam An Khanh, Trung Van or Van Canh areas have seen the prices down by 20-25 percent. As a result, the busy real estate trading floors, which had been prosperous for the last many years, have to shut down and lay off workers.

Realty firms post unsatisfactory business results in Q1

Six companies operating in the real estate sector have recently announced the business results in the first quarter of this year.

Hanoi approves land right auction for 62 new projects

Yesterday the municipal People’s Committee approved its land right auction plan for 2011 which will serve as a major source of income for developing new projects throughout the city, said Ha Noi People’s Committee Vice Chairman, Vu Hong Khanh.

Capital-thirsty property developers forced to sell

According to Nguyen Hong Phuc, general director of Nha Viet Investment and Construction Joint Stock Company, such changes of ownership were common in the first quarter of this year, though transaction details were often kept secret, especially if sellers were small businesses facing a shortage of capital. Since the second half of 2010, as the real estate market has taken a downturn, there are many such businesses.

FPT to kick off construction on Da Nang technology and urban zone soon

It would officially begin construction on FPT Da Nang technology and urban zone (FPT City Da Nang) in Ngu Hanh Son district in the central coastal city of Da Nang on April 29.

Sale of apartments soars by 70%

Savills Viet Nam, at the launch of its quarterly report in Ha Noi this week, said that apartments had good sales, with about 70 per cent of stock being sold, despite a doubling in available property compared with the previous quarter.

$1.6bn Golden Hills closer to reality

According to the developer, the entire project will be completed in 2014. The developer signed contracts with US’s Skidmore, Owings & Merrill LLP and Singapore’s CICADA Design Pte Limited for designing the project.

Hanoi to crack down on illicit trading of apartments

The inspections will be mainly on the CT1 building with 328 apartments in Ngo Thi Nham Ward in Ha Dong District.

Door opened to Everville project

The VND1.7 trillion ($82.1 million) project covers more than five hectares in Ho Chi Minh City’s Binh Tan district and consist of nine, 21-storey blocks with 1,600 apartments featuring areas ranging between 47.9 and 100 square metres each.The VND1.7 trillion ($82.1 million) project covers more than five hectares in Ho Chi Minh City’s Binh Tan district and consist of nine, 21-storey blocks with 1,600 apartments featuring areas ranging between 47.9 and 100 square metres each.

ECI Land invests 1.7tr dong in Everville project

Everville includes 9 blocks with total 1,600 apartments (47,9-100 sqm each), 21 stories on a site of 50.477 sqm in Nguyen Cuu Phu St, Binh Tan Dist, HCM City.

Japan-styled Zen resort makes debut

The Thang Long Xanh Investment Company, an affiliate of Archi Group launched Zen Resort project, a Japan-styled resort complex in Hanoi on March 5.

Vincom breaks ground on hospital

Located in the Eco City complex at Minh Khai Street, the hospital covers a total area of 24,670sq.m.

Real estate market in 2011 to depend much on government policies: Experts

In 2011, experts forecast that the property market would entirely depend on the government’s policies applied to curb price increases and seek capital sources for the market. According to Prof Dr Dang Hung Vo, there would be two main scenarios for property market in 2011.

Life Resorts stops management of property in Danang

At present the Dutch-owned resort management group manages Blue Ocean Resort in Phan Thiet, Life Heritage Resort in Quang Nam and Life Wellness Resort Quy Nhon in Binh Dinh.

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