Property News

HA NOI (Homeid)— The shortage of affordable rental housing in Ha Noi will get worse if local authorities do not pay more attention to housing projects, especially for people living in the rural outskirts of the city, experts recommended.

HCM CITY (Homeid) — Things are looking up for Nha Trang hotels, with both occupancy rates and prices improving, according to a survey released last Friday by property services firm Savills Viet Nam.

HCM CITY (Homeid)— Government officials and experts met yesterday to discuss ways to revitalise the property market through several measures, including resolving bad debts, adjusting land prices, and balancing supply and demand.

Swire Properties' new East brand hotel in Miami's Brickell CityCentre development will include a boardroom that can seat 250 people on the 39th floor with "uninterrupted views of the bay," says Brian Williams, Swire Hotel managing director.

HA NOI (Homeid) — Fund management companies in Viet Nam show little interest in setting up real-estate investment funds under new Ministry of Finance regulations coming into force on July 1.

By Andrew Batt: Chinese property buyers and investors have been buying big in Portugal, with one agent reporting sales worth more than €25million in just two and a half months.

The Government began disbursing a VND30 trillion (US$1.43 billion) property market support package this month with the aim of assisting home builders in reducing inventories. A preferential interest rate of six per cent for people with low-incomes has also been implemented. However, some people have expressed doubts over the practical effects of the package. Former Governor of the State Bank of Viet, Cao Sy Kiem, talked to the Voice of Viet Nam (VOV) about the matter.

HA NOI (Homeid)— The Government's new VND30 trillion bank loan package was providing positive signals to Viet Nam's gloomy real-estate market, said the director of the State Bank's credit department, Nguyen Viet Manh.

HA NOI (Homeid) – Property developer VinGroup (VIC) showed its commitment to delivering 8,000 apartments in the Royal City and Times City projects in Ha Noi this year despite low demand given prolonged bear market.

HCM CITY (Homeid) – Having already hit bottom, the property market is now ripe for new investment, economist Alan Pham of Vina Capital said at a Family Day event for investors and buyers held on June 8 in HCM City.