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Nz central bank interest rates

Apartment supplies to drop by 25%

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Property Apartment supplies to drop by 25% The Saigon Times Daily Saturday,  Dec 14, 2019,14:55 (GMT+7) Apartment supplies to drop by 25%The Saigon Times Daily A new residential area in HCMC’s District 2. Apartment supplies in HCMC and Hanoi are estimated to fall this year - PHOTO: VNA HCMC – The number of apartments eligible for sale in HCMC and Hanoi is estimated to fall 25% this year, reaching 43,000 units, according to a report by property platform batdongsan.com.vn. At the Vietnam Real Estate Summit 2019 (VRES 2019), held on December 12, Nguyen Quoc Anh, deputy general director of Batdongsan.com.vn, said the property market will face multiple challenges next year due to tighter control being applied to new projects and the increase in risk coeficient for real estate loans. The demand for real estate products remains high, but the market has witnessed a decline since the previous quarter, Anh added. In … [Read more...] about Apartment supplies to drop by 25%

Firm found for illegal bridge construction at Hue tourist site

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A company in the central province of Thua Thien-Hue have built a wooden bridge leading to its floating restaurant at a local tourist site without seeking approval. In 2017, Be Than Trading Ltd. Co. was licensed to build a floating restaurant on Lap An Lagoon in Lang Co to serve tourists. The bridge built illegally at Lap An Lagoon The firm recently built a wooden bridge with dozens of concrete pillars which were not included in the licence. On December 2, local authorities requested the investor to stop the construction. At that time, part of the 43-metre bridge was completed. However, the company ignored the instruction and continued the work which has been almost finished to date. Nguyen Van Manh, chairman of Phu Loc District People’s Phuc Loc Committee, said that the company has been ordered to dismantle the bridge from tomorrow, December 14. It has been also fined VND40 million (USD1,739) for the violation. Lap An Lagoon covers a total area of 800 hectares. Besides … [Read more...] about Firm found for illegal bridge construction at Hue tourist site