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Local property developers are finding ways to survive the gloomy property market which experts say is unlikely to recover in 2012. For instance, Ho Chi Minh City-based Construction and Investment 8 Joint Stock Company (CIC8) is encouraging shareholders to share the difficulties by using last year’s dividends to buy the unsold condos and land lots. [...]
Pham Nhat Vuong, head of real estate firm Vingroup, remained the richest Vietnamese this year in terms of stock assets. As of December 30, Vuong owned 168.5 million shares worth around VND16.68 trillion (US$797.1 million). Vuong held the top position for the 2nd year in a row with his total assets increasing by VND905 billion [...]
The share values of several listed property firms have dropped by as much as 80 percent this year as a result of a dreary real estate market. When the property market was still bustling, real estate stocks were among the most attractive to investors. However, multiple property companies have been helplessly watching their market values [...]
Homebuyers still wait for further drops in prices on the condo market, which is one of the main reasons behind the current stagnant trade, investors said at a seminar on housing quality and prices held last week by the HCMC Real Estate Association (Horea). After HCMC had seen a shockwave rippling through the market with [...]
The year 2011 witnesses the dark days in the history of the real estate market. Real estate developers cannot borrow capital to develop projects, while the real estate prices have been decreasing dramatically. 1. The “land fever” in Soc Son, Dong Anh districts in Hanoi The fever attack occurred in early 2011. The story began [...]
Commercial real estate markets in the United States have been relatively flat this year, but improving fundamentals mean a more positive trend is expected in 2012, according to the National Association of Realtors. Lawrence Yun, NAR chief economist, said there is little change in most of the commercial market sectors. ‘Vacancy rates are flat, leasing [...]
With the nation’s real estate market still largely frozen, property services firm Savills Viet Nam held a seminar in Tokyo last Friday to promote the market with Japanese investors. Viet Nam News spoke to one of the leaders of the seminar, Savills Viet Nam deputy managing director Neil MacGregor Why would Japanese investors be attracted [...]
Many real estate companies have reported incurring losses due to the country’s moribund domestic real estate market. A project of Sudico The PetroVietnam Power Land JS Company recently announced it would lower prices of 85 apartments in its flagship Petro Vietnam Landmark project to VND15.5 million (USD741.62) per square metre from a previous VND21.6 million [...]
The 3rd Annual Real Estate Seminar will be held in Ho Chi Minh City on November 23 under the theme “Credit Crunch: Where does the Vietnam Real Estate Market go from here?” More than 200 domestic and international investors, bankers and housing developers are expected to take part in the Real Estate Market Intel Vietnam [...]