Posco engineering to build $3 billion city in Vietnam

Posco is among developers and investors betting on Vietnam’s property market as the local share market declines and concerns intensify about a global housing slowdown, the Journal said.

Keangnam Enterprises Co., another South Korean company, is building the $1 billion, 72-story Pride Tower in Hanoi, the news-paper said.

HCM City’s real estate market will continue its high growth

Meanwhile, according to General Secretary of HCM City Real Estate Association Do Thi Loan, it would be necessary to apply a synchronous measure to reduce the heat of the market.

She said in the long term it would be necessary to accelerate construction progress of existing projects to increase supply to the market while triggering demand for real estate in outlying areas to reduce the population density in the city.

Israel’s Alony Hetz to set up a fund investing in Vietnamese real estate

“The overall outlook of the Vietnamese property market remains bright owing to the accelerated economic growth in the country,” said Nathan Hetz, founder and chief executive officer of Alony Hetz.

Progressive taxation of real estate will help control land development

I think these standards are for reference only because most Vietnamese who have their own houses cannot afford a tax rate of 1 or 1.5 per cent like people in European or other Asian countries.

At present, there are several problems with imposing taxes on land use.

Vietnam 2007’s real estate market hot, 2008’s market will be hotter

VietNamNet Bridge – The real estate market was really scorching in 2007, which makes people believe that it would be burning in 2008. It is expected that 40 foreign investment funds will disburse $20bil worth of capital into the market this year.