Real Estate News
Apartment market increasingly jittery for investors Apartment market increasingly jittery for investors. Rents are soaring and demand for apartments is historically high, but some developers and landlords are overestimating the strength of the U.S. apartment market — and paying for it in quarterly earnings. Others are warning that the second half of this year will…
HCM City aims to be smart city HCM City aims to be smart city. HCM City’s Party Committee plans to establish a steering committee to provide guidance on developing the southern metropolis into a smart city that would improve the quality of life of its residents. The city’s Party Committee secretary, Đinh La Thăng, said the…
Here Are the Luxe Amenities in NYC’s Tallest Residential Building As New York’s luxury market continues to sag, the top end of the condo market is going to increasing extremes to attract a finite number of global elites. With the initial release today of images and information for the three full floors of amenities offered at 432 Park…
Promoting REITs in VN requires changes HÀ NỘI — Improving legal frameworks and incentives are critical to promote the development of real estate investment trusts (REITs) in Việt Nam, chairman of the first domestic REIT said. Nguyễn Xuân Minh, chairman of the REIT launched by Techcom Capital last year (TCREIT), said there was significant room…
Pain or gain? How UK commercial real estate is coping with Brexit Two weeks after seven funds with stakes in U.K. commercial property suspended trading in the wake of the U.K.’s Brexit vote, only one, Aberdeen Asset Management, has reopened for business. And investors will have to pay a heavy price to wrest themselves free…
Growing VN property sales to foreigners HCM CITY – Many foreigners and Việt Kiều (overseas Vietnamese) are buying apartments in Việt Nam, especially in HCM City, according to market analysts. Over 10,000 apartments were sold in the second quarter of this year, many to foreigners who are permitted to buy up to 30 per cent of the units…
More affordable housing needed in HCMC HCM CITY – The real estate market in HCM City is on track to bounce back, but its sustainable development will only be ensured if housing demand from low-income and average-income earners is satisfied, a report from the HCM City Real Estate Association has said. The report, sent to the city’s…
Factoring service has potential HCM CITY – Factoring services for merchandise exports in Việt Nam will become more essential than ever before as the country integrates more deeply into the international economy, the secretary general of Việt Nam Banks Association (VNBA) said yesterday at an international factoring conference held in HCM City. Trần Thị Hồng Hạnh said…
Property sector urged to seek other capital sources With lending to the property sector almost surely to be tightened, analysts are calling on real estate firms to securitise their projects and list their shares on the stock markets to raise money from the public. In a draft document the State Bank of Việt Nam has…
Real estate urged to seek out stable capital HÀ NỘI (VNS) — Experts have said it is necessary for the real estate sector to find stable financial sources to ensure adequate housing supply as demand was anticipated to pick up rapidly. Even though the Vietnamese economy was entering a new growth circle and the property…
End of support package worrying VN homebuyers HÀ NỘI (VNS) — Homebuyers are worried about a possible hike in interest rates with the terms of the government’s VNĐ30 trillion (US$1.3 billion) property support package ending on June 1 this year. The package was launched on June 1, 2013, and the State Bank of Việt Nam…
SBV asked to keep lending limits. HCM CITY (VNS) — The HCM City Real Estate Association (HOREA) has proposed the State Bank of Viet Nam (SBV)’s regulations on lending limits and capital adequacy ratio requirements for credit institutions, including branches of foreign banks not be changed at the moment. SBV asked to keep lending limits. The…
SMEs to benefit from TPP and EVFTA HA NOI (VNS) — Domestic small- and medium-sized enterprises (SMEs) would enjoy many benefits from the Trans-Pacific Partnership (TPP) and Viet Nam-EU Free Trade Agreement (EVFTA), said economist Pham Chi Lan. Lan told a conference on TPP and EVFTA held in Ha Noi yesterday that SMEs would be…
SBV to control real estate loans HA NOI (VNS) — The central bank will control property loans to limit risks this year, an official told a meeting in HCM City late last week. SBV to control real estate loans. State Bank of Viet Nam deputy governor Nguyen Phuoc Thanh said that although credits grew positively with…
City banks set bar high for 2016 performance HCM CITY (VNS) — HCM City-based banks have set themselves ambitious targets for 2016, including credit growth of 16-18 per cent. They city also expect to increase deposits by 17-19 per cent and decrease bad debts to below 3 per cent. These and other targets were announced…
Housing market recovery helps property firm shares HCM CITY (VNS) — The revival of the housing market has had a positive impact on the prices of shares of property companies, according to the Vietinbank Securities Company. Dang Tran Hai Dang, the company’s research and analysis deputy director, told a seminar on an overview of the…
HCM City seeks to boost SMEs HCM CITY (VNS) — Developing small and medium-sized enterprises (SMEs) is one of the ways to increase the private sector’s contribution to the city’s economic growth, economists told a conference held in the city last week. They said the private sector, especially SMEs, has made a major contribution to…
Garment sector expecting big fourth quarter. HA NOI (VNS) — Production in the garment and textile sector would be higher in the last quarter of this year as several domestic exporters have orders till the end of 2015, and even the first quarter of 2016. Garment sector expecting big fourth quarter. Nguyen Tien Vy, director of…