Real estate leads nj

Both Hanoi and Ho Chi Minh City are being affected by construction grounding to a halt, Photo: Dung Minh After being contacted by several frustrated homebuyers at Manhattan Tower (formerly Thanh An Tower) in Hanoi, VIR contacted both the ­investor and relevant parties to clarify the reasons behind the delay in construction. Truong Hoang Vu, CEO of Landmark Holding, the developer of the project, ­confirmed that the project is delayed indefinitely because of disagreements among the parties. Landmark Holding (LMH) had signed a contract with project owner Ba Dinh Construction Consultancy-Investment JSC (Ba Dinh JSC) and the main contractor Vinaconex. “At the end of 2018, LMH was asked to transfer the money directly to Ba Dinh JSC so that they can directly pay Vinaconex,” Vu said. “However, Ba Dinh JSC did not comply with the agreement and did not pay the main contractor, so the project has stopped.” Vu said that both LMH and homebuyers are victims in … [Read more...] about Real estate dented by surging delays

The press conference of Vietnam Real Estate Symposium 2019 Auscham, exclusively partnered with Cushman & Wakefield, will host the event at Sofitel Saigon Plaza, Ho Chi Minh City on Thursday, September 12, 2019 where directors and experts from Vietnam’s real estate industry will provide key observations, analysis, and predictions about the future of the market and "What’s Next." This year, the organising board will continue its mission to produce the country’s “must-attend” event for commercial, industrial, and residential real estate in Vietnam. With one of the world’s fastest-growing economies, Vietnam has become more globalised than ever, despite increasing political and economic unrest across the globe. Commercial and residential real estate markets in Vietnam’s largest cities and adjacent provinces have boomed in recent years, leading to more domestic and foreign investment into Grade A and luxury properties. Following the global … [Read more...] about Vietnam Real Estate Symposium 2019: “What’s Next”

American investor and CEO of Indochina Capital, Peter Ryder How have you assessed the contribution of the private ­economic sector, especially foreign direct investment (FDI), to Vietnam’s real estate market? An interesting trend in Vietnam, which I detect, is that the real estate development has long been dominated by the private sector. This is unlike many other industries in which the government still has very large involvement. If you look at the history of real estate development over the past 25 years, we can see that Vietnam has really opened up in the post-doi moi era. In the immediate wake of this, major developers were foreign investors who typically set up joint ventures with domestic authorities. During this time, Indochina Capital began two joint ventures, one with Danang Tourism to develop the Furama Resort, and another with the Vietnam Fatherland Front and Hongkong Land to develop an office building at 63 Ly Thai To in Hanoi. In the last decade, the market … [Read more...] about Real estate at the heart of economy