Six months ago, the Prime Minister ordered that the demolition of old villas and construction of new high-rises in central Hanoi should be halted. According to the Hanoi authorities, if this policy continues unabated, it will wreak financial havoc and exert social problems. The Hanoi authorities claim that 233 projects to build high-rises of nine stories and above in central Hanoi, which comprises... 

There are only a few of successful villas and townhouses transactions in the Hanoi property secondary market. The villa and townhouse segment is set to offer the best returns in Hanoi’s property market. Colliers International Vietnam residential researcher Khuat Huu Vu Trung said: “At present, there are only a few of successful villa and townhouse transactions in the Hanoi’s property secondary... 

A master plan for a key Hanoi ring road is set to get the property sector buzzing. After a three year wait, the master plan for Ring Road No.4 was revealed last week by the Ministry of Transport (MoT) and Transport Engineering Design Incorporated (TEDI), with many properties along the route set to benefit with increased values. The $3.1 billion road project will be “the high-speed ring road of... 

Hanoi People’s Committee last week sought permission from prime minister to continue with 54 high-rise projects in the city centre. These projects were among 223 [nine stories or up] cancelled since late last year by the prime minister, to limit high-rise buildings in Hanoi’s centre. A committee source said some could be permitted to continue if they were in line with Hanoi’s master plan. The... 

The local real estate market recorded busier activities in the second quarter of this year, especially in the capital city of Hanoi where the trade of land plots became heated in April and May. In all segments including office for lease, apartment for sale and rent, and the retail space, the market saw improvement in the second quarter of this year. “In contrast to many people’s concerns at the... 

Experts have affirmed that Hanoi’s apartment market with its own special features would not follow the heels of Ho Chi Minh City’s. Nguyen Manh Tien, senior sales manager of CBRE Vietnam, said Ho Chi Minh City was suffering an oversupply of high-end apartments and sales was slow although developers were directly offering customers incredible preferential support. Hanoi’s apartment market have... 

HCMC – Qatar Airways has announced a massive expansion plan for its Vietnam operations by opening a new route to Hanoi and increasing flight frequencies to HCMC from November, more than three years of being active in Vietnam. Qatar Airways said in a statement that it would launch four weekly services between Qatar’s capital of Doha and Hanoi via Bangkok on November 1, and add three flights to... 

HCMC – Phu Hung Securities Corporation (PHS) will debut today on the Hanoi Stock Exchange, listing 30 million shares on the northern bourse at a reference price of VND20,000 per share, the broker said. Originally founded in 2006 as Au Lac Securities, Phu Hung currently boasts a workforce of more than 350 employees. Besides its head office in HCMC’s District 7, Phu Hung has a total of 12 branches... 

Singapore’s SIH last week demanded land on Pham Hung street, a golden land area of Hanoi, as compensation for its scrapped four-star hotel project in Thong Nhat park. In the wake of public outcry that Thong Nhat Park was a historical heritage and the capital’s green lung, Prime Minister Nguyen Tan Dung in April last year decided to stop construction of the Novotel Hanoi On The Park, and required... 

The consumer price index (CPI) rose in both Ho Chi Minh City and Hanoi in February. HCM City ’s CPI increased by 1.68 percent against January and 9.45 percent compared to the same period last year, said the municipal Statistics Office. Highest price increases were seen in culture-entertainment-tourism (3 percent) and food (2.66 percent) due to the celebration of the Lunar New Year Festival (Tet)....