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... 

HCMC – Property project owners have shown interest in apartments for sale in the form of fixed-term ownership, but there is currently no legal framework for this type of housing ownership. Apart from turning their projects into low-cost ones and dividing their flats into smaller units, project owners are considering leasing or selling their products to customers who want to own a home for a certain... 

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... 

Owners of serviced apartment buildings in the near future will have to face a much fiercer competition in attracting tenants as many commercial condo projects are shifting to offering the same housing service. Despite the stability compared to other segments, serviced flats will soon have to share customers with apartments that have been or will be leased out by secondary investors and project owners. For... 

Many local homebuyers over the past time have wondered if prices of apartments in the future will continue going down or not but they still have yet to find out the reply. Even housing developers differ over an agreeable level. Many people believe that housing project owners are enjoying hefty profits and they insist that housing prices be lowered further. On the contrary, many others say it is... 

Property project owners are looking for chances in the condo-for-rent segment while making efforts to sell their commercial apartments. Apartment leasing offers low-income earners affordable accommodations and helps project owners diversify their products to meet the market demand. Le Thanh Commercial Construction Co. Ltd., for example, plans to lease out some 40 condos of the Twin Towers project in... 

HANOI – The current housing oversupply, plus slackened demand, has forced many project owners and investors in Hanoi to cut prices, hand over near-complete homes and leasing apartments, among others. The sale of Dai Thanh condo project in Thanh Tri District sent shock waves to the Hanoi market when its price was lowered to VND10 million a square meter last week. Business of Lai Chau No.1 Construction... 

* 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... 

The City Garden condo project in HCMC’s Binh Thanh District is near completion and will be handed over to buyers in July, said the project owner City Garden Apartments Vietnam Ltd. The 21-story Avenue Tower, one of the five buildings of the project, will be handed over first. The entire 117 apartments of the tower have been sold at US$1,800-2,700 per square meter. The condos of the Boulevard Tower... 

Condo projects that have been completed or are entering into the final stages this year are most likely to enjoy more advantages in the race to lure buyers in the current dormant realty market. In fact, several projects have found buyers recently as the project owners prove to buyers their abilities to complete their projects as committed. Apart from reasonable prices and flexible payment methods,...