Middle East investors tapping into Southeast Asia's property markets are turning increasing attention to countries such as Indonesia and Vietnam, say the organisers of Cityscape Asia, part of the world’s largest business-to-business real estate event brand.
"With the shifting of capital away from developed markets facing slumps, the unmet property demands in virtually all sectors in countries such as Indonesia and Vietnam offer investors growth opportunities not available in other markets," said Graham Wood, Exhibition Director for Cityscape Asia 2008 which takes place at Suntec, Singapore, 15-17 April 2008.
Sunday, March 30, 2008
Wednesday, March 26, 2008
Vietnam is the 13th most expensive office location in the world
This ranking shows Vietnam has leaped four notches in just a short span of time, as this very company in its Office Space Across the World 2008 report early this month said Vietnam was the 17th most expensive office location. The earlier ranking was unveiled when the company launched its 31st Asia Pacific office in HCMC early this month.
The new ranking was announced Saturday on the occasion Cushman & Wakefield's board chairman John Cushman III visited HCMC.
The new research is shocking to enterprises, especially foreign investors because "such exorbitant office rent in Vietnam is not right with the economic conditions of a developing country like Vietnam," according to the company.
The new ranking was announced Saturday on the occasion Cushman & Wakefield's board chairman John Cushman III visited HCMC.
The new research is shocking to enterprises, especially foreign investors because "such exorbitant office rent in Vietnam is not right with the economic conditions of a developing country like Vietnam," according to the company.
Monday, March 24, 2008
I need vietnamies authors
Hi this is Tam Tree , hope you like the vietnam real estate news blog.
I need vietnamies authors to help me coverage the area of Hanoi and Ho chi minh city.
Please send email if you like to participated in this effort. Thanks a lot !
tamtree@gmail.com
I need vietnamies authors to help me coverage the area of Hanoi and Ho chi minh city.
Please send email if you like to participated in this effort. Thanks a lot !
tamtree@gmail.com
Saturday, March 22, 2008
Hyatt To Build on Vietnam's China Beach
The golden sands of Vietnam’s 3,400-kilometer coastline scored its first internationally renown brand March 19 when Hyatt Hotels & Resorts broke ground on an expansive beach resort in Vietnam.
Hyatt Regency Danang Resort and Spa on China Beach joins the Park Hyatt in Ho Chi Minh City’s first district as the second Hyatt property in Vietnam. Worldwide, Hyatt operates 750 hotels. Its other beach resorts in Southeast Asia include Hyatt Regency Hua Hin in Thailand, Grand Hyatt Bali and Bali Hyatt in Indonesia, and Hyatt Regency Kuantan Resort in Malaysia.
Hyatt Regency Danang Resort and Spa on China Beach joins the Park Hyatt in Ho Chi Minh City’s first district as the second Hyatt property in Vietnam. Worldwide, Hyatt operates 750 hotels. Its other beach resorts in Southeast Asia include Hyatt Regency Hua Hin in Thailand, Grand Hyatt Bali and Bali Hyatt in Indonesia, and Hyatt Regency Kuantan Resort in Malaysia.
Wednesday, March 19, 2008
vietnam HCM City real estate market remains lackluster
The HCM City real estate market, which is considered very sensitive to any state policy, surprisingly remains quiet despite the news about allowing foreigners and Viet Kieu to buy houses, which has been expected to stimulate market demand.
Analysts say that the draft decree does not have much impact on the market. Viet Kieu also are not purchasing houses at this moment, they will only buy houses when the prices become ‘softer’.
Hoang Thanh, a Viet Kieu in Germany, said that though the land price is on the decrease, he still finds the policies too unclear. “I will wait for some more time until the bill is ratified and will make a decision after that,” he said.
Analysts say that the draft decree does not have much impact on the market. Viet Kieu also are not purchasing houses at this moment, they will only buy houses when the prices become ‘softer’.
Hoang Thanh, a Viet Kieu in Germany, said that though the land price is on the decrease, he still finds the policies too unclear. “I will wait for some more time until the bill is ratified and will make a decision after that,” he said.
Sunday, March 16, 2008
HCM City’s property market is looking glum
Le Bao Chau, deputy chairman of the HCM City Real Estate Business Association, said since mid-February property prices have shed 10 per cent, and are expected to drop further.
Banks tightening property loans and a diving stock market have been cited as the two main drivers of the dip in the real-estate sector.
Chau said, small-time speculators will suffer the most from the price decreases. They are generally short-term investors, that snapped up property when the sector was doing well, and are now selling out to repay debts.
Banks tightening property loans and a diving stock market have been cited as the two main drivers of the dip in the real-estate sector.
Chau said, small-time speculators will suffer the most from the price decreases. They are generally short-term investors, that snapped up property when the sector was doing well, and are now selling out to repay debts.
Thursday, March 13, 2008
International real estate seminar in Ho Chi Minh City heard Saturday.
The seminar, held by the International Real Estate Federation and the Ho Chi Minh City Real Estate Association, was told Vietnam needed to pay close attention to traffic and transportation, issues currently causing headaches for the government.
Participants at the seminar shared their experiences in planning and developing urban areas, shopping centers and other real estate projects.
They also discussed international valuation standards and the latest property marketing methods.
Participants at the seminar shared their experiences in planning and developing urban areas, shopping centers and other real estate projects.
They also discussed international valuation standards and the latest property marketing methods.
Monday, March 10, 2008
Hanoi’s real estate market 2008
According to the world’s leading real estate service provider in Vietnam, CB Richard Ellis (CBRE), the demand for real estate in Hanoi would remain high in 2008 and supply would not meet demand for the 2008-2009 period. Only after big projects become operational by 2010, would there be a balance between supply and demand.
At a press conference held in Hanoi recently, a representative from CBRE said the 1000th anniversary of Thang Long-Hanoi by 2010 and positive signs from Vietnam’s WTO membership have attributed to surging demand for real estate.
In the next two and five years, several major foreign investment projects are expected to be completed and put into operation, helping overcome the problem.
At a press conference held in Hanoi recently, a representative from CBRE said the 1000th anniversary of Thang Long-Hanoi by 2010 and positive signs from Vietnam’s WTO membership have attributed to surging demand for real estate.
In the next two and five years, several major foreign investment projects are expected to be completed and put into operation, helping overcome the problem.
Saturday, March 8, 2008
Foreign banks jump in vietnam real estate market
While local banks are turning off the ‘vietnam real estate credit valve’ as requested by the State Bank of Vietnam, foreign banks are trying to increase credit.
Several foreign banks and foreign investment funds have jumped onto the bandwagon. Prudential, an insurer, through its fund management company and finance leasing company has announced the programme on lending to the clients who have permanent and long term residential registration books.
All the clients, who have the monthly income of VND4,8mil and higher, can access the loans with no mortgage assets.
Several foreign banks and foreign investment funds have jumped onto the bandwagon. Prudential, an insurer, through its fund management company and finance leasing company has announced the programme on lending to the clients who have permanent and long term residential registration books.
All the clients, who have the monthly income of VND4,8mil and higher, can access the loans with no mortgage assets.
Tuesday, March 4, 2008
Vietnam is the fifth most expensive office location in Asia
"Vietnam is booming," said Toby Dodd, general manager of Cushman & Wakefield in Vietnam while commenting on the Office Space across the World 2008 report which reveals global parallels and insights into the Vietnamese real estate market.
Prime office rents in Vietnam are out of tandem with the rest of Asia as the country's economic progress accelerates after its entry to the World Trade Organization, he said.
The country's gross domestic product forecast for the current year is second only to the supercharged economies of China and India. With such strong economic fundamentals and rising foreign direct investment, the demand for office space is far outstripping supply, so HCMC's rents have grown by a significant 40% over the last year to a rate of over US$68 per square meter per month due to a lack of prime and Grade A office supply across the city, says the report.
Prime office rents in Vietnam are out of tandem with the rest of Asia as the country's economic progress accelerates after its entry to the World Trade Organization, he said.
The country's gross domestic product forecast for the current year is second only to the supercharged economies of China and India. With such strong economic fundamentals and rising foreign direct investment, the demand for office space is far outstripping supply, so HCMC's rents have grown by a significant 40% over the last year to a rate of over US$68 per square meter per month due to a lack of prime and Grade A office supply across the city, says the report.
Sunday, March 2, 2008
Cisco looks into Vietnam real estate market
Speaking at the Viet Nam Connected Real Estate 2008 Summit, Cisco Systems’ regional business development manager Jared Ramesh Danaraj said: "Booming real estate in the Asia Pacific region offers exciting possibilities as well as unique challenges for owners and developers of commercial buildings."
"To stand out among the competition, we want to take a new approach to developing buildings," he said. "Leveraging technology is one of the major factors that enhances service levels and building operations."
"To stand out among the competition, we want to take a new approach to developing buildings," he said. "Leveraging technology is one of the major factors that enhances service levels and building operations."
Saturday, March 1, 2008
Vietnam Real estate sales slow, prices still high
Despite measures to tighten lending for property speculation, real estate prices in Ho Chi Minh City are expected rise, although at a slower pace.
Other property trading centers in the city have been experiencing a similar decline in transaction volume over the past week, which some say is caused by commercial banks’ decision to tighten credit on property loans.
Banks last week tried to limit their exposure to Vietnam’s risky land market, tightening the guidelines for property loan applications in a bid to minimize lending to speculators.
Other property trading centers in the city have been experiencing a similar decline in transaction volume over the past week, which some say is caused by commercial banks’ decision to tighten credit on property loans.
Banks last week tried to limit their exposure to Vietnam’s risky land market, tightening the guidelines for property loan applications in a bid to minimize lending to speculators.
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