Real estate news

The Saigon Times Daily A view of residential areas in HCMC’s District 7 - Photo: Dinh Dung HANOI, HCMC – Many local homebuyers over the past time have wondered if prices of apartments in the future will continue going down or not but they still have yet to find out the reply. Even housing developers differ over an agreeable level. Many people believe that housing project owners are enjoying hefty…

HANOI – The total amount of real estate-related loans is standing at around VND1,000 trillion, said Minister of Construction Trinh Dinh Dung at a session of the National Assembly on Wednesday. As of end-August, property outstanding loans had amounted to VND203 trillion, in which bad debts made up 6.6%, said Dung, citing a report of the central bank. Counting property-related credits, including property trading loans, loans for investment, production and…

An apartment building is seen in HCMC’s District 4 - Photo: Dinh Dung HANOI – Knowing that the property market is facing troubles now, the Ministry of Construction has allowed property project owners to change use purposes of their projects. Of the measures to support the market, adjusting down the apartment sizes was discussed at a meeting among the construction ministry, the Hanoi City government, relevant agencies and property firms…

Banks urged to disburse money to rescue property market VietNamNet Bridge – Commercial banks have slashed the lending interest rates, but the real estate credit has not increased considerably, which still cannot warm up the real estate market as expected. Banks extend hands to real estate developers and buyers Though the real estate prices have dropped by 30-40 percent, apartments still have been left unsold, because both buyers and real…

Vietnam to ease rules on low-cost housing        Motorcyclists ride past a real estate development on the outskirts of Hanoi The Ministry of Construction has said it will ease eligibility criteria for buyers of government subsidized housing as public interest in low-cost apartments remains high amid an overall gloomy real estate market. The new policy, expected to be submitted to the government at the end of the month, will allow people…

Environmental experts have called on Vietnam to make further efforts in providing economic incentives and better policies to promote "greener" buildings in the face of resource depletion and rapid urbanization.Speaking at October 16's conference on green housing organized by the Goethe-Institut Ha Noi, Michael Waibel, a senior researcher at the University of Hamburg in Germany, said housing offers enormous potential for the reduction of greenhouse gas emissions due to the…

Central coast property developers face uphill development struggle HA NOI (VNS)— Real estate developers in the central coastal province of Binh Dinh's are struggling to complete ongoing projects due to a lack of funding. While the province remains an attractive destination for property developers, some real estate projects have failed to sell out their villas, especially in high-end development projects, to ensure returns on their investment. The An Phu Thinh…

Property firms in Ha Noi and Ho Chi Minh City are drastically slashing apartment prices to recover investment capital amid the housing glut. Hoang Anh Gia Lai recently put up a new apartment complex on sale in Ho Chi Minh City’s District 7, offering 30-50 per cent lower rates than other projects in the nearby area. The Saigon Mekong Company also reduced the price of 500 units in a District…