There have appeared no positive signs on the dampened property market despite the Government taking some effort to breathe fresh life into it and developers lowering sale prices. A slew of real estate firms have been turning tail with the economic woes like high interest rates and poor demand continuing biting. Surprisingly, a few companies look more like adrenaline junkies than risk-wary investors.... 

While property investors are encountering difficulties finding customers for their projects, many customers still set aside millions of U.S. dollars to buy a luxury villa. Phu My Hung Co. sounded out the market by launching the luxury Chateau villa project with 35 villas and 12 semi-detached having gardens with an area of 510-770 square meters each. Half of these 47 villas have been sold within two... 

The villa and townhouse market in Hanoi has stagnated over the last two months, industry insiders said this week. “At the moment, the number of transactions on villas and townhouses is down by 20 percent compared to two months ago. Also, the number of investors looking for new property has declined by 50 percent,” said Le Xuan Truong, managing director of the website www.batdongsan.com.vn. Meanwhile,... 

Property developers in southern provinces, especially HCMC, are fine-tuning their projects to suit a new taste: buyers from northern Vietnam, especially those in the capital city of Hanoi. The property market lately has witnessed many investors from the north come in to buy tourism properties in the central coast city of Danang, where there are luxury resorts with apartments and villas being developed...