HCMC – It has been two months since Resolution 02 of the Government was introduced, but no specific rescue measures have been adopted to prop up the property market, keeping realty firms on tenterhooks. Le Hoang Chau, chairman of the HCMC Real Estate Association (HoREA), said Resolution 02 had instilled confidence in investors and put forward many solutions to pull the property market out of the... 

While most segments of the HCMC real estate market were struggling to seek tenants and stabilize occupancy, the retail space segment did better business last year, CB Richard Ellis Vietnam (CBRE) said in a report released last week. There was an extra retail space supply of 78,000 square meters in the final months of 2012, with 38,000 square meters at the Vincom Center A project in the heart of... 

Realty companies would take up to three years to relinquish their unsold apartments as long as they kept discounting the prices, said a property market researcher. Monitoring the market’s moves in the last quarter of 2012, CB Richard Ellis Vietnam (CBRE) noticed 28,000 apartments in HCMC had not found buyers. Marc Townsend, managing director of CBRE, said property enterprises would only be able to... 

Construction has started on the first phase of the ambitious $1.2 billion township project in Binh Duong province to pave the way for sales to be launched next year. Toshiyuki Hoshino, general director of Becamex Tokyu – developer of the $1.2 billion Tokyu Binh Duong Garden City project, said that the first phase would be a Japanese-style apartment development called C18, located near the entry... 

Becamex Tokyu on Wednesday clinched an agreement with CB Richard Ellis Vietnam (CBRE) to distribute the first condos of the Tokyu Binh Duong Garden City project in Binh Duong New City next year. Becamex Tokyu is the joint venture between Japan’s Tokyu Corporation and Vietnam’s Becamex IDC Corporation. Under the agreement, CBRE will study the market and provide consulting services for the project... 

HANOI – Rentals of the office leasing segment in Hanoi will continue falling in the coming time, according to many local research market companies. A recent report of CB Richard Ellis Vietnam (CBRE) shows that grade B office rent dipped by 7% while rent of grade A spaces tumbled 3.6% in this year’s third quarter, with a contraction of up to 9% recorded at a number of buildings. As of the third... 

The American property services provider CBRE Group, Inc. on Monday announced to have acquired its offshoot in Vietnam, officially merging CB Richard Ellis Vietnam Company to its system after some 10 years franchising its brand into the Vietnamese market. Both sides declined to reveal the value of the acquisition. Rob Blain, chairman and chief executive officer of CBRE Asia Pacific, said at a press... 

* Hanoi condo supply soars to 25,000 A vast area of retail space is expected to be launched onto the HCMC market in the last quarter of this year, putting more pressure on the retail leasing segment amid the current low buying power. Located at the corner of four main streets in District 1, Vincom Center A commercial center project is expected to open on October 10, offering the market around 38,000... 

There are some signs that office rental prices are following a downward trend. The warning came from Greg Ohan, director of Office Leasing Department of CBRE Vietnam at a press conference held in HCM City on September 25. Mr Ohan said by the end of the third quarter, the average leasing price of level A offices had dropped slightly to more than US$30 per square metre per month and many companies planned... 

Despite local condo projects struggling with slowing demand from buyers, many developers of resort villas have still released a series of new products onto the market. Cen Group has just introduced to investors in HCMC the Venesia Onsen Villas project belonging to the Venesia Nha Trang urban area scheme. Invested by Ha Quang Land, the 150-hectare project is only one kilometer from the center of the...