Guildwood estates real estate for sale

The average selling price of a street-view house in HCMC’s District 1 was VND490 million ($21,124) per square meter in Q3, according to a report by real estate trading site Batdongsan.com.vn. This was 56 percent higher than the average price in neighboring District 3 and 87 percent higher than in District 10. For alley-view houses, the average price in District 1 was VND259 million ($11,164) per square meter, 32 percent higher than District 3 and 52 percent higher than District 10. For apartments, the average price in District 1 was VND114 million ($4,914) per square meter, twice that of the second-ranked District 10. Dwindling real estate supply in HCMC as population increases has pushed real estate prices up in recent years, especially in central business districts. According to real estate firm Savills, total supply, which includes unsold units and newly built units in the city in the last quarter of 2018, fell 44 percent year-on-year. This number fell by a further 34 percent … [Read more...] about District 1 house prices top Saigon real estate chart

An overview of Panomax River Villa project in HCM City's District 7 (Source: panomaxrivervilla.net) Hanoi (VNS/VNA) - Thanh Thanh Cong Investment JSC is to buy more than 16 million shares of Sai Gon Thuong Tin Real Estate JSC (SCR), equivalent to 4.7 percent of the company’s outstanding shares. The transaction is scheduled from December 5 to December 31. Thanh Thanh Cong said the company is expected to spend 100 billion VND (4.3 million USD) for the acquisition. On the stock market, SCR shares price has plunged to the bottom of the last three years since 2016.  Since earlier this year, SCR shares have been traded with stable liquidity with an average of 2.8 million shares matched during each session. The figure for the nearest 10 sessions is 3.2 million shares matched per day. In the first nine months of this year, SCR saw an increase of 50 percent in post-tax profit, reaching 304 billion VND, fulfilling 95 percent of the yearly plan. In the last quarter of this … [Read more...] about Thanh Thanh Cong Investment to buy 16 mln shares of Sai Gon Thuong Tin Real Estate

Noticeably, real estate and construction enterprises were the group with highest tax arrears. Duc Khai Joint Stock Company in District 7 led the group with tax arrears of more than VND400 billion, followed by Ho Chi Minh City Plants Limited Company in Binh Chanh District with nearly VND218 billion of tax arrears, Hoang Hai Housing Investment and Trading Joint Stock Company in Hoc Mon District with VND142 billion, Binh Duong Building Stone Company Limited’s branch in Ho Chi Minh City (District 1) with VND124 billion, Phu My Investment and Development Joint Stock Company with more than VND130 billion, Thai Son Investment and Development Joint Stock Company in District 1 with nearly VND108 billion, Transport Engineering Construction & Business Investment Joint Stock Company 584 with VND72 billion and Trang Thien Phat Limited Company with VND53 billion. The department said that will resort to debt enforcement measures in order to collect tax arrears from these enterprises, … [Read more...] about Several real estate, construction firms owe large amount of tax arrears

Novaland Expo, which takes place in Ho Chi Minh City from December 4-8, draws nearly 20,000 visitors. - Novaland Expo, which closed in Ho Chi Minh City on December 8, made a strong impression on domestic and foreign customers and investors. The five-day event attracted nearly 20,000 visitors.At the immense exhibition space, Novaland showcased their distinct product lineups from diverse segments, such as housing real estate and resort real estate. Products like Sakura Beach, Korea Garden at NovaWorld Ho Tram Resort and Tourism Complex (Ba Ria-Vung Tau), Aqua City project (Dong Nai) and modern designs of NovaWorld Phan Thiet project drew the attention of a large number of visitors. Novaland expo to inquire into real estate projects for his investment plan, and furthermore the event serves a bridge to help him connect with two furniture partners for the implementation of his company's upcoming business plan. Real estate projects at the expo always draw attention from visitors and … [Read more...] about Novaland Expo makes strong impression on visitors, investors

Vo Huynh Tuan Kiet, marketing head of CBRE’s housing projects division, said at a recent forum that the reason for the price surge is dwindling land supply in central business districts, leading to higher investment costs in luxury projects. Limited supply of luxury apartments combined with rising material costs have pushed prices of this segment by 10-13 percent annually in the last three years. This growth rate is twice that of the middle and low segments, he added. Le Hoang Chau, chairman of the Ho Chi Minh City Real Estate Association (HoREA), said that prices have gone up to VND300 million ($12,970) per square meter for some projects in District 1. Chau noted that reason for the big price tag is that HCMC authorities have been limiting new projects in District 1 and 3 since last year, leading to lower supply in the area. HoREA data shows that the number of completed housing units in the first nine months of this year fell by 53 percent … [Read more...] about Saigon luxury apartment prices up 40 pct in 3 years