Big assignment deals in the real estate market are expected to be made in some more days, when the market conditions are good enough for purchases and sales. Soho Vietnam, a real estate consultancy firm is conducting negotiations with its partners to promote some assignment deals. Soho Vietnam’s President Phan Xuan Can said he has in his hand the list of 10 investors, who have ordered to buy some... 

Realty consulting firms forecast HCMC will see ample retail area supply in the next three years due to the presence of numerous new projects or near-completion ones in the city. Despite the gloomy outlook of the property sector, developers are still completing their ongoing projects or starting up new ones that have been idle for years. Supply boom Property consulting firms observe that there... 

The decline in business results and persistent tough conditions have made property firms become cautious of this year’s business targets by narrowing down their operations to survive instead of expanding like before. According to annual reports of property enterprises, most firms failed to meet their profit targets last year, and the business targets for this year have declined, including reducing... 

Industry insiders are weighing up how to break the icy property market. Vietnam Real Estate Association general secretary Phan Thanh Mai said the only way was up for investors as the worst time for property trading firms was in 2011’s fourth quarter. Actually, a sequence of property projects faced delays and extended progress on the back of credit squeezes in 2011, seriously affecting market liquidity.... 

The Hanoi-based Thanh Do Investment Development and Construction Joint Stock Company has introduced a large-scale luxury home and resort project in the central coast city of Danang though the domestic property market has yet to get out of the woods. Since the company got an investment certificate and broke ground for The Empire project nine months ago, the real estate market has shown no sign of... 

Bitexco, a multi-industry group, announced on April 26 that it will pour US$500 million into a trade centre-office complex to be built in district 1, HCM City. The General Director of Bitexco Group, In-Suk Ko, said that The One Ho Chi Minh City will get off the ground on April 27, covering a total area of 8,600 square meters. The complex will include two towers, a trade centre, offices, and apartments... 

Credit supply at affordable lending rates is considered a necessary measure to stimulate the property market, but beyond capital supply, the market also needs a liberal environment with improper regulations removed, experts said. While housing products being developed can easily change hands, trade of completed apartments is being restricted by current regulations. Property developers have been... 

Local cash-strapped property companies have strong expectations on new share issuance as a way to mobilize capital from the improving stock market after the central bank’s announcement to loosen realty loans recently. Like other securities, prices of the real estate stocks have constantly shrunk in line with dampened confidence among investors over the past year, dragging down the market capitalization... 

KPMG Limited is pleased to announce that effective from April 27, 2012, KPMG in Hanoi will relocate to its brand new office at the following address: KPMG Limited, Hanoi Office 46th floor, Keangnam Hanoi Landmark Tower 72 Building, E6 Pham Hung Street Me Tri, Tu Liem, Hanoi The customised space of over 3,000 square metres, including a state of the art learning & development centre, was chosen... 

The HCMC Real Estate Association (HoREA) has drawn up a petition suggesting certain solutions to the troubled property market, in which the association seeks permission for real estate mortgages at overseas banks. The prevalent Land Law only allows land users to mortgage their land use rights or the properties developed on the land at the credit institutions operating in Vietnam. There is no regulation...