The Thu Thiem 4 bridge, connecting District 2 and District 7 with an estimated investment cost of about VND5.2 trillion ($226 million), is expected to boost the development of Thu Thiem new urban area.
Prime Minister Nguyen Xuan Phuc asks authority of Kien Giang province to create new plans for making Phu Quoc island become a special economic zone (SEZ), after the province’s proposal to stop the plan earlier this year.
More than a hundred polices with weapons and special vehicles surrounded headquarter and offices of Alibaba Real Estate JSC in Thu Duc and Binh Thanh District, HCMC to arrest CEO Nguyen Thai Luyen and his brother.
Between 2016 and 2018, it was hard for Vietnamese people to buy real estate with accumulated money as land prices rose too fast.
Industrial real estate, resort real estate and multipurpose real estate expected to stir the domestic market by the end of 2019.
Together with many advantages in location, infrastructure, and profitability, properties in central districts of Ho Chi Minh City, formerly known as Saigon, also reflect their owners’ wealth and class.
A recent report by Savills showed the number of real estate transactions in Ho Chi Minh City (HCMC) in the first quarter of 2019 dropped 49 percent year-on-year.
The Ministry of Construction has recently announced results of State management inspection on management and use of apartment buildings in Hanoi on its portal. In Ho Chi Minh City, this agency also set up an inspection team to implement the same tasks.
Several Hanoi apartment developers use gold plating to make their products stand out from the crowd. However, many of their projects remain uncompleted for years, even some are in legal limbo.
Apartment prices in Ho Chi Minh City (HCMC) increased by 10 percent a year between 2014 and 2018, according to a recent report by real estate market research firm Savills.
Government of the Central province Quang Ngai has recently approved in principle two tourism projects which together cost nearly VND1.49 trillion, equivalent to $64 million.
A capital shortage after tightening of bank credit is pushing Vietnamese property firms to issue more high-yield bonds to mobilize capital.
Ho Chi Minh City (HCMC) is soliciting investment to build a VND4.9 trillion ($210 million) financial, banking and trade center in Thu Thiem New Urban Area.
One of the biggest obstacles for investors in doing homestay, Airbnb business is the continuously blooming supply.
Property conglomerate FLC Group has recently proposed a plan to develop three resort projects with a total area of over 2,600ha in Northern province of Bac Kan.