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Image: HCMC govt helps five realty projects out

HCMC govt helps five realty projects out

HCMC – The HCMC People’s Committee has allowed five property businesses to raise funds for 50% of their off-plan properties, equal to 5,432 apartments following many meetings to help the sector tackle its woes. The HCMC Real Estate Association (HoREA) said on April 18 that the five projects

Image: Five projects were handled problems, the real estate market in Ho Chi Minh City received more than 5,400 apartments

Five projects were handled problems, the real estate market in Ho Chi Minh City received more than 5,400 apartments

While waiting for the review of legal procedures, the investor of 5 real estate projects in Ho Chi Minh City has been allowed to raise capital for 50% of the product, providing more than 5,400 apartments to the market.

Image: Kim Oanh partners with Sumitomo Forestry to develop realty projects

Kim Oanh partners with Sumitomo Forestry to develop realty projects

HCMC – Local real estate developer Kim Oanh Group and Japan’s Sumitomo Forestry Group recently signed a cooperation agreement on launching large-scale real estate projects. The partnership will lead to the establishment of KS Sustainable Development JSC, a joint venture between the two companies.

Image: Beneficiaries of VND120-trillion loan package need to be specified

Beneficiaries of VND120-trillion loan package need to be specified

HCMC – Deputy Prime Minister Tran Hong Ha has asked the Ministry of Construction to draw up lists of projects, beneficiaries, and lending criteria under a credit package worth VND120,000 billion. Speaking at a meeting on April 16 with a task force formed to help the real estate sector deal with

Image: Quang Binh Province Vietnam will be an Asian adventure tourism center

Quang Binh Province Vietnam will be an Asian adventure tourism center

Quang Binh is oriented to be the most attractive destination in Vietnam, the center of adventure tourism in Asia, associated with Phong Nha - Ke Bang National Park.

Image: Ministry of Construction proposes no time limit for condo ownership

Ministry of Construction proposes no time limit for condo ownership

HCMC – The Ministry of Construction has proposed not setting a time limit for condo ownership in the draft of the amended Housing Law, citing concerns over huge impact on society. In March, the Government sent the National Assembly Standing Committee the draft that included a proposal for imposing

Image: Vietnam: Drop of 70% real estate transactions in Lam Dong Province

Vietnam: Drop of 70% real estate transactions in Lam Dong Province

In the first quarter, Lam Dong province recorded 3,542 transactions via the notary office, a decrease of nearly 9,000 transactions compared to last year.

Image: Still on a mountain of debt

Still on a mountain of debt

The Government’s Decree 08 and Resolution 33 have given a much-needed lifeline to cash-strapped real estate firms as the bonds they issued would fall due soon. However, analysts see the decree and resolution as a temporary solution, as bond issuers are still sitting on a mountain of debt. Due to

Image: Ownership certificates to be issued to condotels

Ownership certificates to be issued to condotels

HCMC – Buyers of condotels, tourist villas, shophouses and officetels can receive ownership certificates even if their properties are built on commercial and service land, but these certificates will be rendered invalid when the use of such land expires. This issue has remained unsolved over the

Image: Soft loans for buyers of social homes

Soft loans for buyers of social homes

HCMC – Buyers of social homes will be entitled to a preferential interest rate within five years from the disbursement date, reported the local media. From April 1 to the end of June 30, annual interest rates of 8.2% and 8.7% will apply to buyers of social homes and investors of social housing

Image: Dong Nai approves US$3-billion urban area project

Dong Nai approves US$3-billion urban area project

HCMC – The government of Dong Nai Province has approved of a 293-hectare urban area project worth more than VND72 trillion (US$3 billion) in Pho Island in Hiep Hoa Commune, Bien Hoa City. Hiep Hoa urban area would have an estimated population of 31,600 residents and cover 293 hectares of land. Of

Image: Diamond Lotus Riverside eco-apartment project for better health and life quality

Diamond Lotus Riverside eco-apartment project for better health and life quality

As a green apartment project located close to the heart of HCMC, Diamond Lotus Riverside features modern and eco-friendly utilities that meet all the requirements for better health and quality of life for its residents. Diamond Lotus Riverside is located at 49C Le Quang Kim Street in HCMC’s