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Further price cuts are inevitable if developers want to woo homebuyers back to the market, news website Vietnamnet cited industry insiders as saying. Le Chi Hieu, vice chairman of the Ho Chi Minh City Real Estate Association, said property developers have to change to survive these tough economic times. The first steps are to lower [...]
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 [...]
WCT (S) Pte Ltd, under WCT Berhad, one of Malaysia’s largest construction and property development groups, on December 27 was licensed to carry out a housing and commercial complex project in HCM City. Accordingly, WCT (S) Pte Ltd and Southern Land Corp JSC will establish a joint venture called WCT-DPN Co Ltd with initial charter [...]