A huge amount of foreign investment registered in real estate sector fails to tell the true story of developers’ confidence in Vietnam. While foreign direct investment (FDI) commitments in urban and residential apartment projects from 2012’s January to April accounted for one-third of all registered capital in Vietnam, real estate remains a turn off for many foreign developers. The Ministry of... 

The property market will see signs of recovery if policy changes are flexible, interest rates are stable and more capital flows into liquid market segments, according to a foreign property firm. However, some property market segments are grappling with price cuts, low absorption and oversupply. Statistics which market research firms released in the first quarter show apartment prices in Hanoi were... 

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... 

Similar to project owners in HCMC, property developers in Danang are mired in troubles and have to launch promotion programs to lure buyers, but the market there has recently shown positive signals. Adam Bury, senior manager of research and consulting department at the research firm CB Richard Ellis Vietnam (CBRE), noted that though the real estate market is causing many difficulties to investors,... 

This is not the right time for secondary investors to join the present dreary realty market as the central bank’s latest loosened credit policy will bring about a psychological impact only, insist market observers. Prices continue shrinking Since realty fever in 2007, the condo segment for the first time has experienced a free-fall in price in the primary market, said an executive of CB Richard... 

CB Richard Ellis (CBRE) Vietnam has been appointed as exclusive marketing and leasing agent of the retail component of Saigon One Tower, a 41-storey project under development in the heart of the city’s financial center. Saigon One Tower is located at 34A Ton Duc Thang Street, the 41-storey tower the second tallest building in the city. The retail podium occupies six stories of the city’s second... 

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’... 

Several investors of office building projects in Vietnam stuck in the dreary market have chosen to sell their products to companies instead of leasing them in an effort to recover capital as soon as possible. The move is deemed as unprecedented on the local property market. Petrocapital and Infrastructure Investment JSC (Petroland), which plans to inaugurate its Petroland Tower in the urban town... 

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... 

Though demand for high-end condos in Ho Chi Minh City continued to fall in the third quarter of this year, some developers are continuing to launch new projects. According to Truong Minh Dat, deputy general director of Khang Nam Real Estate Investment Joint Stock Company, although the market remained challenging for property developers, the company felt confident to launch its apartments as it saw...