Capital fixes real estate for taxing (11-01-2006) Land prices in Hang Ngang and Hang Dao streets, considered as part of the capital’s trading hub, have topped real estate lists with prices of VND54 million per sq.m. — VNS Photo Doan Tung HA NOI — The capital will apply new frame prices for real estate this year after the municipal People’s Committee issued a decision last week. Under the decision, the highest frame price is VND54 million (US$3,400) per sq.m and the lowest is VND979,000, with more than 700 price levels in between. The frame prices will be used as bases to impose taxes such as levies for transferring land use rights. They are also foundations for commercial banks to consider and evaluate property as a mortgage for issuing loans. These prices are mainly based on profitability, location, convenience and infrastructure of the property. The top price at VND54 million per sq.m is fixed for the best positions - the busiest and most profitable … [Read more...] about Capital fixes real estate for taxing
Puglia italy real estate for sale
Real estate: easy to buy, hard to sell
Real estate: easy to buy, hard to sell By Ngoc Tran in HCMC Real estate is very easy to buy now. But what’s the point of buying when there’s absolutely no profitability? Paperwork is a headache, renting properties is hard, supply is greater than demand, and real estate is not as liquid as stocks. Advertisements offering real estate for sale are everywhere. Real estate developers do everything possible to woo buyers, offering all kinds of incentives – buy a property, get gold; receive a car with the purchase of an apartment; promotional interest rates; and discounts. The Thanh Truong Loc Company, the investor of the 4S Riverside Linh Dong project in Thu Duc, HCMC, for example, has come up with an unusual sales strategy. Buyers need to make a down payment equivalent to 30% of the price of an apartment and pay the remainder by monthly installment equivalent to the value of one square meter of the home. The investor also offers 15% discounts for government officials and … [Read more...] about Real estate: easy to buy, hard to sell
NAC Real Estate appointed sales agent for Long Thanh Plaza
NAC Real Estate appointed sales agent for Long Thanh Plaza By Quoc Hung - The Saigon Times Daily HCMC - NAC Real Estate has been appointed exclusive selling agent for the Long Thanh Plaza property project in Dong Nai Province's Long Thanh District. The VND600 billion project, covering nearly 14,000 square meters and 5km from the forthcoming Long Thanh International Airport, will have 614 apartments from over 60 square meters to over 200 square meters each whose prices start at over VND10 million per square meter. The project, equipped with ample parking, a supermarket, a spa, an entertainment area and a restaurant, will provide convenience and a new lifestyle and is expected to be completed by 2012. The project will serve managers and experts who are working on the Long Thanh International Airport and HCMC-Long Thanh-Dau Giay Highway projects or at industrial parks in the province, according to NAC. … [Read more...] about NAC Real Estate appointed sales agent for Long Thanh Plaza
Remittances go to real estate for the most parts
Remittances go to real estate for the most parts By Hong Phuc - The Saigon Times Daily HANOI – Most of remittances sent to Vietnam are invested in property while a smaller part is deposited at banks or used to buy durable products, according to an international immigration conference in Hanoi on Wednesday. Experts Nguyen Viet Cuong and Daniel Mont from the World Bank said those facts were extracted from a survey conducted in 2008 by polling over 4,000 households having remittances in Vietnam. The result shows that remittances help increase expenditure for land and houses while a small part is used for services businesses. The statistics shows that “the effect of remittances on poverty reduction is inconsiderable because the money is mainly remitted to fairly rich families and not used for daily expenditures.” According to the World Bank, Vietnam ranks 16 among 20 countries receiving the most remittances in the world in 2010. In Southeast Asia, Vietnam ranks second … [Read more...] about Remittances go to real estate for the most parts
Real-Estate-For-Tourism market sees new investment opportunities
Hanoi Times - Foreign investments in the Real Estate for Tourism Development market have been flowing into Vietnam, according to the Ministry of Planning and Investment (MPI). According to the MPI, 18 out of 487 projects that were licensed during the first six months of this year were tourism-hotel projects, and capitalized at nearly $4bil. Five out of the eight biggest projects announced by the ministry were projects that fell into the field of real estate for tourism. Experts believe that the number of projects in the tourism-hotel field will further increase during the last months of this year, and continue to grow for the next 2-3 years. The experts have every reason to believe this as the number of foreign tourists to Vietnam is expected to increase over the next few years with Vietnam being considered as a new attractive destination. In 2007, Vietnam received 4.2mil foreign tourists and served 20mil domestic tourists. The Vietnam National Administration of Tourism (VNAT) has … [Read more...] about Real-Estate-For-Tourism market sees new investment opportunities