An Aretha Franklin poster signed by fans is seen outside the Charles H. Wright Museum of African American History on August 29, 2018, in Detroit, Michigan. — AFP PhotoViet Nam News CHICAGO — The five-bedroom home outside Detroit where the late Aretha Franklin lived for two decades has been put up for sale for US$800,000. The Queen of Soul lived in the 4,148-square foot brick mansion from the late 1990s until she moved to a downtown Detroit condominium building during the last year of her life, according to US media reports. Franklin, who grew up singing in her father’s Detroit church and used her explosive voice to power such songs as Respect and (You Make Me Feel Like) A Natural Woman, died on August 16 of cancer after a legendary six-decade career. Her two-story home, which features a marble-floored kitchen and a sauna, is located in a gated community in Bloomfield Township. The suburb was identified by Bloomberg as the most expensive real estate market in the … [Read more...] about Aretha Franklin’s home up for sale for $800,000
Guildwood estates real estate for sale
Real estate fertile ground for foreign investors
There has been something of a real estate “fever” in recent times at the Thu Thiem Urban Area, the proposed new CBD and mixed-used urban area in Ho Chi Minh City’s District 2 and which is set to become the largest inner-city development in Southeast Asia. Investment into the urban area has been strong over the last few years, with a host of both local and foreign real estate developers seizing the opportunities on offer. Vietnam’s real estate market attracted $5.54 billion in FDI in the first half of this year, accounting for 27.25 per cent of total investment into the country, according to the General Statistics Office (GSO). 2018 marks ten years since the last real estate downturn and nearly five years of recovery. “Given that monetary policies are expected to stay neutral-to-accommodative to support growth when FDI inflows in the hundreds of millions of dollars are poised to enter the real estate market, the market is expected to continue stabilizing … [Read more...] about Real estate fertile ground for foreign investors
Real estate developers aim for green development
Sustainability and green are one of the most important factors for developers and investors to consider when developing their projects in Vietnam. According to Pannir Chelvam, senior director of Keppel Land Vietnam, there are many different criteria for green development within the real estate sector. Among these are reducing energy and water consumption, minimising a project’s carbon footprint and environmental impact. Real estate developers aim for sustainable development “All of these criteria are having been applied in our projects in Vietnam, to ensure sustainable development in the real estate sector,” Chelvam said. In the Sustainable Development Seminar themed “Green Strategy” held in Ho Chi Minh City on July 19, Palm City and Saigon Centre were held up as an example of a project applying green criteria in Vietnam. The seminar was organised as part of the strategy “Developing Sustainable Real Estate” The seminar was … [Read more...] about Real estate developers aim for green development
Apartments for sale on downturn in first half of 2018
The apartments for sale segment in both Hanoi and Ho Chi Minh City saw a downturn in the first half of the year. Impacted by increasing supply sources, the apartments for sale segment in both Hanoi and Ho Chi Minh City saw a downturn in the first half of this year. The Ho Chi Minh City market welcomed an additional 6,109 condominium units in the first half, a decrease of 36 per cent year-on-year. Ho Chi Minh City saw 36 per cent fewer new launches in the first half than last year The mid-end segment witnessed the biggest decrease in new launches in the second quarter, with a fall of 62 per cent quarter-on-quarter and 52 per cent year-on-year. The reason for this downturn, according to Thanh Pham, senior manager of CBRE Vietnam, was the impact of the fire at the end of March which has put a strong focus on safety in condominium projects and made the process of obtaining the relevant safety certificates more stringent. This incident also made many buyers hesitant to buy units … [Read more...] about Apartments for sale on downturn in first half of 2018
HCMC sees 10,000 apartments for sale in Q2
Mid-range apartments will remain dominant in the market. The supply of townhouses and villas shows signs of decline. — Photo batdongsan.com.vn The real estate market in HCM City will continue to grow in the second quarter of this year, with particularly strong supply of apartments as about 10,000 apartments are open for sale. The growth forecast was made by the Viet Nam Association of Property Brokerage, under Viet Nam Real Estate Association (VNREA). The market tends to develop low-cost condominiums in the surrounding districts, while apartment prices in the central areas continue to rise due to limited supply. By the end of the first quarter this year, the number of apartments for sale advertised by investors was nearly 34,000 units (of which nearly 19,370 units have not officially opened), nearly equal to the number of apartments offered for the entire year of 2017. It is expected that in the second quarter, about 10,000 apartments will be officially offered to the market. … [Read more...] about HCMC sees 10,000 apartments for sale in Q2