HCM CITY — The local real estate market has become one of the hottest in Asia but the risks of investment remain high, foreign and domestic experts say.
Marc Townsend, managing director of CB Richard Ellis Viet Nam (CBRE), said the country was attracting more and more investors, particularly in Ha Noi and HCM City.
"These two markets have a dense population, higher incomes and rapid pace of urbanisation," he said.
Sunday, December 30, 2007
Tuesday, December 25, 2007
Vietnam's Inflation Accelerates to Fastest Since 1995
Dec. 25 (Bloomberg) -- Vietnam's inflation accelerated to the fastest since 1995, adding to pressure on the government to let the dong strengthen and make imported goods cheaper.
Consumer prices increased 12.6 percent in December compared with the same month last year, the General Statistics Office said in Hanoi today. Prices rose 2.9 percent from November.
Consumer prices increased 12.6 percent in December compared with the same month last year, the General Statistics Office said in Hanoi today. Prices rose 2.9 percent from November.
Thursday, December 20, 2007
Real estate market to enjoy a boom in 2008
For the last month, a lot of investors have been flocking from HCM City to Binh Duong province to hunt for land. Just within one month, the land price in Chanh Nghia urban area in Thu Dau Mot town has increased by ten folds, now trading at VND26mil/sq m. Meanwhile, land owners in Thuan An district do not sell land at this moment for fear that they would take losses if the land price increases further.
Thursday, December 13, 2007
Analyzing Vietnam's real estate boom
The real estate industry is currently booming in Vietnam, opening up greater opportunities for local and international investors to enjoy, said Nguyen Manh Ha, head of the Ministry of Construction's Housing Management Department.
He says Vietnam's urbanization is expected to increase its total current land use more than fourfold by 2020 from 105,000 hectares to 460,000 hectares.
He says Vietnam's urbanization is expected to increase its total current land use more than fourfold by 2020 from 105,000 hectares to 460,000 hectares.
Tuesday, December 4, 2007
Vietnam gaining quickly on Thailand in economic race
The Nation newspaper on December 2 quoted Preechachai Chauychoo, a Thai businessman who has lived in Viet Nam for the last 15 years as saying that it would take Viet Nam just over a decade to catch up with Thailand’s current stage of development, given its rapid growth rates.
According to the paper, Viet Nam is currently the darling of foreign investors from Japan, China’s Taiwan, the Republic of Korea, Singapore, the United States and the European Union. The country joined the World Trade Organisation (WTO) in January of this year and has attracted a combined direct investment inflow of US$16 billion in the first 11 months of 2007.
According to the paper, Viet Nam is currently the darling of foreign investors from Japan, China’s Taiwan, the Republic of Korea, Singapore, the United States and the European Union. The country joined the World Trade Organisation (WTO) in January of this year and has attracted a combined direct investment inflow of US$16 billion in the first 11 months of 2007.
Subscribe to:
Posts (Atom)