All Entries in the "Vietnam" Category
Demand for housing on the rise after flood
Housing demand in both flooded and non-flooded locations in Bangkok is returning to normal in the second quarter, according to Pruksa Real Estate Plc (PS). Pruksa, the country’s largest developer, had THB5.62 billion (US$180.4 million) in presales, THB4.67 billion (US$149.9 million) in revenue and THB633 million (US$20.32 million) in net profit in the first quarter [...]
Vietnam’s rich and powerful snap up luxurious villas
The resort real estate market is bustling as billionaires continue to purchase seaside villas in Vietnam. Nguyen Phuong Thao, sales director of a big resort project in the seaside city of Da Nang in the central region said 62 per cent of the owners of the luxurious villas and apartments are from Hanoi, 18 [...]
Tourist numbers on the rise for Da Nang
Statistics provided by the Da Nang Department of Culture, Sport and Tourism show that visitor numbers to Da Nang saw a dramatic increase in the first quarter of 2012. On both q-0-q (31.9 per cent) and y-o-y (35 per cent) the number of tourists visiting Da Nang rose to almost 590,000 in the first quarter of 2012.
Hanoi real estate market not ready for investors
Hanoi’s condo segment has experienced a free-fall in price in the primary market since the realty boom in 2007 according to an executive of CB Richard Elis Vietnam (CBRE). Around 53 per cent of newly-launched apartments in the first quarter were priced at below VND 21 million (US$) per square metre at favorable locations like My Dinh, Dinh Cong, and Cau Giay urban area.
Ho Chi Minh City attracts majority of foreigners
Ho Chi Minh City is a popular destination for foreigners and overseas Vietnamese looking to buy homes in Vietnam. A recent report released by the ministry’s Land Registration and Statistics Department showed a total of 299 foreigners and overseas Vietnamese had either registered to buy or already bought a house in the country [...]
Unlimited property for overseas Vietnamese
The Land Registration and Statistics Department under the Ministry of Natural Resources and Environment has reported that 299 foreign expatriates and non-resident Vietnamese have bought houses in Vietnam.
Grade A office rents 2.4 per cent
A press release from CBRE Vietnam stated that while Grade A office rents continued to slip in the first quarter of 2012, it is expected that rents are approaching a short term bottom with an anticipated delay in future supply.
Vietnamese HCMC suggests developing smaller apartments
As development in Vietnam progresses, the HCMC Real Estate Association has suggested building 20 to 70 square metre apartments in residential areas reported Tuoitre News.
HoREA chairman, Le Hoang Chau stated that building these smaller apartments is the best direction to head especially with the urban planning of each locality. He also noted the difficulty the real estate market has gone through which has in turn caused developers, investors, and consumers various problems.
The potential impact on property values as a result of reduced residual lease terms in Vietnam
The tenure arrangements for land ownership within Vietnam are significantly different to many other countries. This is particularly the case for commercial property which is usually occupied under the terms of long leases. What impact the terms of these leases have on values is debatable with limited precedent set to date to provide guidance. However [...]
Ninh Van Bay Holiday Club introduces new points programme
Ninh Van Bay Holiday Club (NVBHC) recently rolled out a new points programme in collaboration with RCI. The programme introduces several new features that are aimed at making the programme more flexible, more accessible, and most importantly more in line with holiday needs in South East Asia today. “Points programmes, or timeshare as many Americans [...]
