The HCMC Real Estate Association (Horea) has blasted a suggestion to impose the housing tax, saying it is inappropriate to discuss this issue in the face of the current stagnant market. Le Hoang Chau, chairman of Horea, told the Daily that his association had yet to receive any official information regarding this suggestion from the city’s construction department to the Ministry of Construction... 

While property investors are encountering difficulties finding customers for their projects, many customers still set aside millions of U.S. dollars to buy a luxury villa. Phu My Hung Co. sounded out the market by launching the luxury Chateau villa project with 35 villas and 12 semi-detached having gardens with an area of 510-770 square meters each. Half of these 47 villas have been sold within two... 

The local property market this month has seen a number of investors trying to release products onto the market despite homebuyers’ wait-and-see attitude. Viet Thuan Thanh Co., Ltd has just launched the sale of flats of V_Citilight condo project under construction in Ho Nai Ward in Dong Nai Province’s Bien Hoa City. Thai Khac Hoang, the firm’s director of sales and marketing, reported his company... 

Australia’s Empire Property Investors is seeking opportunities to invest in local property projects and enter the real estate services market as part of a plan to spread its wings outside Australia. Jack Tran, director of Empire Property Investors, made known the company’s intention at a seminar on the firm’s business opportunities in Vietnam and Australia held in HCMC on Thursday. With 24 years’... 

HCMC authorities on Monday handed over 620 condo units to the families that have been relocated to make room for the development of the Thu Thiem New Urban Area in District 2. Covering 17.3 hectares, these condo units in block J are part of a resettlement project invested by Nam Rach Chiec Co., Ltd. (NRC), a joint venture between Tien Phuoc Co., Tran Thai Co. and Flemmington Investment PTe under... 

Phu My Hung Corporation (PMH) on Friday officially opened its modern shopping complex Crescent Mall on Nguyen Van Linh Parkway, the main thoroughfare in Phu My Hung town in District 7. This is also the first project that has marked PMH’s official entry into the domestic retail market. Arthur Ting, chairman of Central Trading & Development Group and Phu My Hung Corporation, said with some 13... 

Saigon Thuong Tin Tan Thang Investment Real Estate Joint Stock Company (TTJSC) on Saturday started marketing its large Celadon City project underway in HCMC’s Tan Phu District, over a year after the project got off the ground. TTJSC, a joint venture between Gamuda Berhad’s property development arm Gamuda Land and Saigon Thuong Tin Real Estate Joint Stock Co. (Sacomreal), is offering apartments... 

Malaysia’s Berjaya Land Berhard has said that it is completing all necessary procedures to begin construction of the Vietnam Financial Center in HCMC after having the project site readied in May. The HCMC government might consider withdrawing the investment certificate of this project as Berjaya Land has made little headway on the project and has not completed investment procedures as pledged. Nguyen... 

The dreary property market this year has led to the plunge in real estate stocks as the share values of several listed property firms had dropped as much as 80%. When the property market was still bustling, real estate stocks were among the most attractive to investors. However, multiple property companies have been helplessly watching their market values strongly decline since the year’s beginning. Investors’... 

Saigon-M&C Real Estate has instructed Knight Frank Vietnam to market and lease the office component of ‘Saigon One Tower’, a 41-storey development located in the heart of Ho Chi Minh City’s financial centre. Commanding a prominent site on the Saigon River with links to Thu Thiem tunnel and East West highway, this 40,000 square metre innovative development will be the largest international...