Government of Khanh Hoa province has asked Cat Tiger Khareal property developer, owner of the Napoleon Castle 1 residential project, to terminate 20 property contracts illegally selling apartments to foreigners.
The $87.5mn loan provided to the leading property development arm of BIM Group will be used to support the growth of sustainable tourism infrastructure not only in Vietnam but also Lao PDR.
Analysts said developers in the south are ignoring the workers’ housing segment in spite of the huge demand for it.
Novaland Group has signed a strategic partnership agreement with Lotte Engineering and Construction Co., Ltd, (Lotte E&C), an arm of South Korea's Lotte Group. It is the first time the Ho Chi Minh City-based property developer has appointed a foreign contractor for its high-end projects.
Property developer FLC Group has sent documents to the Ministry of Transport and Government Office for their approval of its plan on studying the investment and building of passenger terminal T3 in Tan Son Nhat International Airport.
Many property developers in HCM City are moving to neighbouring provinces and cities and even as far away as the central region as city authorities are issuing fewer licences and legal procedures elsewhere are simpler.