Vietnam real estate market 2015

Though investment in condotels is expected to benefit the economy and the real estate sector, the condotel market is facing major challenges, heard attendees at a forum on the legal corridor for the condotel segment. An aerial view of Cocobay Danang condotel complex in the central coastal city of Danang. The condotel market is facing major challenges At the forum, held by the Vietnam Chamber of Commerce and Industry and Dien Dan Doanh Nghiep on December 14, participating experts stated that the benefits from investments in condotels included saving land and stimulating the development of the construction, service and tourism sectors. As for enterprises, this is a channel where capital can be mobilized legally and effectively. However, the experts pointed out that many condotel developers have suffered losses due to high interest rates and there is a lack of laws governing the condotel business or regulations on operating condotels. No regulations governing condotels … [Read more...] about Vietnam’s condotel market faces challenges

Nineteen real estate companies have been selected for renovating and rebuilding 30 old apartment buildings in Hanoi. According to Hanoi People’s Committee, Sun Group will responsible for Kim Lien area which 42 apartment buildings with 2-6 floors each, Thanh Xuan Bac with 61 buildings of five floors each and Thanh Xuan Nam with eight buildings ranging from three to five floors each. An old apartment block in Hanoi FLC Group will rebuild and renovate 69 old apartment buildings in Kim Giang area and T&T Group will deal with buildings in Bach Khoa and Thuy Loi areas. Meanwhile, Vingroup will be in charge in five apartment blocks in Ngoc Khanh, Giang Vo, Tho Quan, Duong Sat and H24. The other investors in the list include Hoa Phat Group, Vinaconex and Geleximco. A taskforce has been set up to study legal regulations on old apartment building restoration in Hanoi to make a plan to submit to the city people’s committee for approval. The committee then will send … [Read more...] about Big real estate firms to join Hanoi’s old apartment building projects

Cambodian Prime Minister Hun Sen (Photo: freshnewsasia)   Phnom Penh (VNA) - Cambodian Prime Minister Hun Sen has said that he will preside over the inauguration of Cambodia-Vietnam border market in Tbong Khmum province, which was his former battlefield in 1971. Today, it is no longer a place to fight, it is a market. Borders of Cambodia-Thailand and Cambodia-Vietnam are now enriched with skyscrapers, industrial zones, and special economic zones, he added. During a meeting with Vietnam’s permanent Deputy Prime Minister Truong Hoa Binh last week, Hun Sen called on the two countries to promote bilateral cooperation and facilitate border trade, contributing to a two-way trade to 5 billion USD next year./. VNA … [Read more...] about Cambodian PM to preside over launch of Vietnam – Cambodia border market

After the short golden age, the condotel market is witnessing decline with the number of successful transactions just accounting for 25 percent compared to 70 percent in 2016-2017. First appearing in late 2015, condotels quickly became one of the most attractive investment products in the market. 2016-2017 was considered the golden age of condotel in Vietnam. The HCM City Real Estate Association (HoREA) reported that the total supply in 2016 was 16,000 condotels. 2016-2017 was considered the golden age of condotel in Vietnam. The HCM City Real Estate Association (HoREA) reported that the total supply in 2016 was 16,000 condotels. Thanh Mai  The short ‘honeymoon’ period of VN condotel market Cocobay's breaking its commitment of 12 percent profit has lowered the confidence of condotel investors. Cocobay calamity brings condotel pitfalls to fore Condotel project Cocobay Danang – a tourism complex which features footballer Cristiano Ronaldo in its … [Read more...] about Condotel golden age over as market struggles

In what was called a celebration unlike any other, more than 200 of real estate sector’s best and brightest in the region were in attendance at the presentation ceremony hosted by Park Hyatt Bangkok. Most of almost 50 awards given out were taken by Vietnam, the Philippines, Thailand, Malaysia, Indonesia and Singapore. The 2019 Dot Property Southeast Asia Awards were given to nearly 50 winners in various categories. The evening’s highlights included presentation of the very first People’s Choice Award for Project of the Year Southeast Asia. This went to Bangkok condominium BEATNIQ by Thai developer SC Asset. The night’s biggest honor, Developer of the Year 2019, had several big name contenders. It was won by Vietnam’s Novaland Group, one of two awards the group won on the night. Southeast Asia’s very first People’s Choice Award for Project of the Year went to Thai project BEATNIQ while Vietnam’s Novaland Group was the Developer of … [Read more...] about Vietnam makes its mark at Dot Property Southeast Asia Awards