Apartment project owners are trying to accelerate development of their projects to have products for sale, making the market more bustling in recent weeks. Focus on progress Dozens of apartment projects from low- to high-end segments are now on offer, with payment extensions for homebuyers. Most of these projects are near completion, and some already have condos available for occupation. Yip Hoong... 

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... 

Statistics on the property market will be more detailed as the HCMC government has assigned the Department of Construction to create indices on the property market in the city. The upcoming indices covering apartments, land lots and office buildings are expected to serve as a reference for agencies, organizations and individuals in managing and developing the property market. Apartments will be... 

Offering discounts, readjusting apartment sizes and providing financial supports are the solutions chosen by property firms in a bid to prop up the local market, but they could hardly turn the situation around if homebuyers’ confidence did not return. To many property companies, the confidence crisis is much worse than the other problems they are facing. How to lure homebuyers back into the market... 

The apartment market has seen positive changes when many projects, especially those in the mid-end segment, start launching products again in search for customers who are on their way back to the market. Market observers said more customers had shown interest in buying houses, but the trade volume did not increase much. It is forecast that it will take at least six more months for apartment trading... 

Singapore’s CapitaLand will complete construction of Hanoi’s Mulberry Lane residential apartment project on schedule, despite the gloomy property market. Mulberry Lane’s structure was completed this month and developer CapitaLand will conduct a topping ceremony in August. Mulberry Lane is located in Mo Lao new urban area of Ha DOng district and developed by CapitaLand and its Vietnamese partner... 

Supply and sales volume of apartments in the first quarter shrank sharply against last year though realtors were trying all possible ways to lure more customers into their projects, said a market research company. Savills Vietnam reported on Wednesday only two new apartment projects entered the market with some 300 units in the first quarter, down 35% year-on-year. Meanwhile, apartment sales volume... 

While the apartment projects in the suburbs are turning into hospitals, schools and hotels, the shopping mall projects in the central districts are turning into apartments. A lot of real estate developers have “made incantations” to turn their projects into completely new projects to save the situation. Analysts have commented that if the property market keeps gloomy for a long time more, it would... 

Property market observers are wondering if there would be a trend of strong discounts in the next few months given that many investors are selling out their apartments at low prices to cut losses. Fiachra Mac Cana, managing director and head of the research department of the Hochiminh City Securities Co. (HSC), predicts the property market will witness a sale-off season from now until February next...