With demand for housing for low-incomes continuing to rise, capital mobilisation for such projects has become the focus of government efforts. According to recent figures from the Ministry of Construction (MoC) there are some 7 million people living in urban areas with demand to rent or buy social housing
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Within means
The development of the real estate market is not in line with the law of demand and supply and that is the main cause for high real estate prices in Hanoi. At the seminar, “Developing real estates in Hanoi: opportunities and challenges” held in Hanoi on July 27, Deputy Minister of Construction Nguyen Tran Nam said
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Hanoi’s real estate prices exceed real value
VNStockNews.com – In first six months of this year, Hoa Binh Construction and Real Estate Corporation (HBC) obtained 689.7 billion dong of accumulative revenue, meeting 32.8 percent of the plan, after tax profit of proprietary company of 55.7 billion dong, fulfilling 58.6 percent of the year plan, an increase of 30 times year-on-year. Up to now, total contracts’ value of HBC have gained 5.016
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HBC hits 55.7b dong of profit after tax in first six months
VNStockNews.com – Dream House Investment Corp (Dream House, coded DRH) listed 14.99 million shares on Ho Chi Minh Stock Exchange (HOSE). The reference price in the first session is 17, 00 dong per share (+-20 percent).
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DHR lists on HCM City Stock Exchange
Many housing development projects are delayed and a number of real estate companies face significant losses if the state calculates land use fees based on market land prices pursuant to Decree No.
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Land use fees a fair deal?
A master plan for a key Hanoi ring road is set to get the property sector buzzing. After a three year wait, the master plan for Ring Road No.4 was revealed last week by the Ministry of Transport (MoT) and Transport Engineering Design Incorporated (TEDI), with many properties along the route set to benefit with increased
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Road to ignite prices
VNStockNews.com – Hanoi Investment General Corporation (SHN) earned 128, 45 billion dong of total revenue, 39.34 billion dong of pre-tax profit in six first months, fulfilling 77 percent of the year plan and the increase of 400 percent year-on-year. The company plans to focus on some main business operation such as real estate, labour export, toll station, and trade operation in 2010.
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Travel and villa hotel – Vietnam Luxury Tour Operator Creates Less …
The Hochiminh property market has got three new condo projects–one in District 12, one in Binh Chanh District and one in Thu Duc District. Tin Phong Construction Trading and Production Company last week launched a condo project in suburban District 12. Chau Thi My Linh, director of the company, said the centre would facilitate the sale of
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New condo projects launched
Analysts once claimed that luxury resort villas worth millions of dollars would sell like hot cakes.
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Who buys the multi-million dollar villas?
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