As domestic real estate markets have slowed, the big Asian real estate developers are looking abroad, within Asia, for new development opportunities.
Malaysian-based developer Sova Holdings Sdn. Bhd. recently announced their plans to enter the Vietnam market with their first development in Nhon Trach District in Dong Nai province in the South.
The developer has joined with local land owner Thai Duong Company (Sunco) and will break ground on the Nhon Trach City Center (NTCC) project in April this year.
Friday, February 20, 2009
Thursday, February 19, 2009
Vietnam real estate trade exchange opens
A real estate trade exchange in Hanoi was recently opened by the Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex).
Founded by the Vinaconex and Investment and Tourism Company (Vinaconex ITC), the Vietnam Export-Import Bank (Eximbank), and the Agribank Securities Company (Agriseco), the trading floor has capital of VND300 billion (approx. US$17 million).
Vinaconex´s real estate trade exchange is expected to provide services such as asset valuation, professional training, brokerage, consultancy, loan consultancy, mortgage advise, marketing and auction.
Founded by the Vinaconex and Investment and Tourism Company (Vinaconex ITC), the Vietnam Export-Import Bank (Eximbank), and the Agribank Securities Company (Agriseco), the trading floor has capital of VND300 billion (approx. US$17 million).
Vinaconex´s real estate trade exchange is expected to provide services such as asset valuation, professional training, brokerage, consultancy, loan consultancy, mortgage advise, marketing and auction.
Tuesday, February 17, 2009
Vinaconex’s real estate trading floor makes its debut
The VITR trading floor, founded by the Vinaconex and Investment and Tourism Company (Vinaconex ITC), the Vietnam Export-Import Bank (Eximbank), and the Agribank Securities Company (Agriseco), has an initial charter capital of VND300 billion (US$17 million).
It will provide a wide range of services, such as brokerage, asset valuation, consultancy, auction, marketing, professional training, loan consultancy, and mortgage advice.
The floor will help the State control and monitor real estate transactions to devise proper and timely management policies regarding the sensitive real estate market, according to the Ministry of Construction.
It will provide a wide range of services, such as brokerage, asset valuation, consultancy, auction, marketing, professional training, loan consultancy, and mortgage advice.
The floor will help the State control and monitor real estate transactions to devise proper and timely management policies regarding the sensitive real estate market, according to the Ministry of Construction.
Friday, February 6, 2009
Vietnam real estate market an unknown for 2009
Vietnam real estate market an unknown for 2009Global stock markets, according to analysts, are likely to be in for a difficult year in 2009. And Vietnam´s stock market is no different. However, there appears to be a consensus amongst leading Vietnam analysts that the recovery depends largely on government policy and action over 2009.
The real estate market, is also uncertain. VietNamNet Bridge recently reported that VietRees, a market surveyor, collected the opinions of 33 real estate experts, domestic and international.
70% of the experts said they were not certain about when the real estate market would recover. Only 12% of experts asserted that the market would recover by the end of 2009, while the remaining experts thought that the market would recover after 2009.
The real estate market, is also uncertain. VietNamNet Bridge recently reported that VietRees, a market surveyor, collected the opinions of 33 real estate experts, domestic and international.
70% of the experts said they were not certain about when the real estate market would recover. Only 12% of experts asserted that the market would recover by the end of 2009, while the remaining experts thought that the market would recover after 2009.
Tuesday, February 3, 2009
Petro Vietnam enters real estate field
In response to this plan, the Deputy PM Hoang Trung Hai issued an official document that requires Petro Vietnam to carry out the project in accordance with current law.
According to the procedure, their tasks are to rent land, draw up regulations for the cooperation contract, verify the financial ability of their partners and be responsible for the project.
Mr. Hai also required Petro Vietnam to outline projects for attracting capital and also balancing reasonable incomes and costs.
According to the procedure, their tasks are to rent land, draw up regulations for the cooperation contract, verify the financial ability of their partners and be responsible for the project.
Mr. Hai also required Petro Vietnam to outline projects for attracting capital and also balancing reasonable incomes and costs.
Subscribe to:
Comments (Atom)