The property trading situation in HCMC and neighboring provinces is improving slightly, according to a number of brokerage firms and project owners. Danh Khoi A Chau Real Estate Co. in mid-March started offering apartments of the Nhat Lan 3 project in HCMC’s Binh Tan District for sale at VND562-750 million per unit. The project developed by Binh Chanh Construction Investment Co. is set for completion... 

Dozens of buyers of apartments of the PetroVietnam Landmark project in HCMC’s District 2 crowded the project’s construction site on Saturday, demanding the project owner to quickly hand over the condos after long delays. The angry homebuyers brought banners asking the investor, PetroVietnam Construction Land Corporation (PVC Land), to keep its promises by quickly handing over the apartments... 

Sora Gardens, an apartment project in Tokyu Binh Duong Garden City developed by Becamex Tokyu Co. Ltd., was put on sale Wednesday to mark the first anniversary of the joint venture company. Sora Gardens comprises two 24-storey towers with over 400 apartments, expected to be completed in 2014. It is the first component of the US$1.2-billion urban project Tokyu Binh Duong Garden City that is underway... 

Nova Real Estate Investment Corporation, or Novaland, has launched a sales promotion program in which lucky homebuyers of the Sunrise City condo project can win a gift of eight maces of gold. The promotion of the project on Nguyen Huu Tho Street in HCMC’s District 7 has received positive responses from customers, Novaland said, adding that on the first day on March 3 of the promotion, around 100... 

While the apartment market segment is still struggling with difficulties, many land lot projects are drawing the attention of customers. In early April, Hung Thinh Land will officially announce the Golden Bay project in Khanh Hoa Province. The project on Bai Dai Beach will comprise land lots for villas, semi-detached villas, villas combined with service facilities and apartments with four-star hotel. Nguyen... 

Two high-end housing projects in HCMC have entered the market since the year’s beginning while most investors are finding ways to shift their projects to the medium-end segment, targeting the majority of homebuyers. Phu My Hung Joint Venture launched the high-end apartment project Happy Valley located in District 7’s Phu My Hung urban area on Saturday. In the first-phase sale, the investor will... 

Chairman of Vingroup Pham Nhat Vuong has signed a decision to sell Vincom Center A located in HCMC’s District 1 five months after its opening. It is not known whether Vingroup has found a buyer or not, but in a report sent to the HCMC Stock Exchange (HOSE) last week, the firm stated it would sell its subsidiary Future Company as operator of the luxury commercial building to partners. One day earlier,... 

Binh Thuan Province now has around 8,000 hotel rooms, and with the current room growth exceeding that of tourist arrivals, the supply of hotel rooms will be overly abundant in the years to come, an industry source said. Nguyen Van Khoa, chairman of the Binh Thuan Tourism Association, said investors have continuously poured investments into the province’s hotel-resort segment over the past years,... 

Berjaya Land Berhard Vietnam is seeking approval from the HCMC government to halve the scale of the Vietnam Financial Center project in District 10 and to slow down the pace of another project in Hoc Mon, said the firm’s general director. Three weeks ago, Berjaya sent the petition to the local government for permission to adjust the design of the Financial Center scheme, Nguyen Hoai Nam told the... 

Indochina Land, a subsidiary of the investment fund Indochina Capital, will launch onto the market a new property project in HCMC’s District 9 later this year. The realty developer informed the unnamed project is developed on a total area of about eight hectares which is some 200 meters from the city’s belt road. The scheme consists of villas with three to four bedrooms covering 193 square meters...