Inbound real estate marketing

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

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

The office market in Hà Nội is expected to face a shortage of supply, creating competition between offices for lease and co-working spaces in the future. - Photo tinnhanhchungkhoan.vnViet Nam News HÀ NỘI — The office market in Hà Nội was expected to face a shortage of supply with competition between offices for lease and co-working spaces likely to rise in the future, but was performing well at present, according to experts. According to Savills Research, Hà Nội and HCM City witnessed a downward trend of yields from the second half 2015 to the second half 2018. “This again was caused by the limited supply of available office developments for sale, which has resulted in more aggressive bidding prices from buyers, driving yields further downward. The office sector is currently a seller’s market in Việt Nam; in other words, if you are an office development owner, now is a good time to sell,” said Hoàng … [Read more...] about Hà Nội office market to likely to lack supply

People pass by SSI Securities Corporation's office on Ngo Quyen Street, Ha Noi. — Photo nhadautu.vn After having declined for four straight weeks, the Vietnamese market may rebound in December as analysts and securities companies expect that cheaper shares will attract hungry investors amid the world’s volatility. The benchmark VN-Index on the Ho Chi Minh Stock Exchange was almost unchanged on Friday as it gained narrowly by 0.03 per cent to end last week at 963.56 points. Viet Nam’s benchmark VN-Index lost a total of 6.0 per cent in four trading weeks since touching the one-year high of nearly 1,024.91 points on November 6. Before touching that amount, the VN-Index had been boosted by confidence in the possibility of a signed US-China trade truce and strong earnings reports produced by large-cap companies. But after that, the market went into a correction phase with large-cap stocks being hit by increased selling from investors. Among the causes were concerns about … [Read more...] about VN stocks to head up in December, trade war concerns expected

Overseas remittances are invested in property in HCM City, including in the new Thu Thiem residential area in HCM City’s District 2. — VNA/VNS Photo Ngoc Hai Remittances to HCM City from overseas in the first 11 months of 2019 exceed US$4 billion, and are expected to top $5 billion for the year, according to the State Bank of Viet Nam (SBV). The city had received $5 billion last year too, or more than 30 per cent of the total remittances sent to Viet Nam. According to figures from the World Bank, Viet Nam expects to receive $16.7 billion this year, making it the ninth largest beneficiary in the world. They had been worth $16 billion last year. In recent years, Viet Nam has been the third largest beneficiary in Asia and among the top 10 in the world. Statistics released by the SBV’s HCM City branch show that 72 per cent of overseas remittances is invested in business activities and nearly 22 per cent in real estate with the rest used for family expenses. Dr Nguyen Duc … [Read more...] about Remittances to HCM City set to top $5 billion