Blue Dragon Construction Co., Ltd. has launched a model villa built under the Japanese architectural style in HCMC’s District 2, but the building cost at VND35 million a square meter will keep most home seekers at arm’s length. The model villa named Japan Villa located on Nguyen Duy Trinh Street is constructed with all materials imported from Japan and has a total floor space of around 200 square... 

Owners of villas that have been abandoned for more than three months will have to pay 5 percent of their market value, and 10 percent for those abandoned for over a year. Investors or owners of vacant villas will also be fined from VND10-20 million (US$480-960). The Ministry of Finance will be in charge of re-examining and collecting fines. Statistics from the municipal Department of Construction... 

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... 

Phu My Hung Corporation (PMH) continues putting the rest of high-end Chateau villas in District 7’s Phu My Hung new urban area for sale following its market survey conducted in the first sale offer. The remaining 41 villas of the Chateau project are currently on sale at a price of VND30-90 billion per unit. Last year, PMH launched the sales of 35 villas and 12 townhouses ranging from 510 to... 

Indochina Land, a real estate division of Indochina Capital, announced on Sunday to have won five international awards for its outstanding design and development of several property projects in Vietnam. The Asia Pacific Property and Hotel Awards 2012 in association with HSBC Bank Malaysia Berhad recognized the company with five awards in a range of categories, in which Indochina Plaza Hanoi... 

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... 

As the condominium market has been frozen with prices falling steadily over the years, many property project owners have shifted to the land lot market as a new approach in their strategies to diversify housing products and to seek customers. Thu Duc Housing Development Corporation (Thuduc House) and Pacific Property and Infrastructure Development JSC (PPI) are going to offer the land lots belonging... 

VinaCapital, an asset management and property development firm in Vietnam, will shy away from high-rise apartment buildings and office segment, but instead shift attention to housing property attached to land. Speaking at a press conference in HCMC on Thursday, Don Lam, general director of VinaCapital, the real estate and stock markets have suffered adverse impacts of the Government’s fiscal and... 

Toan Thinh Phat Architecture-Investment-Construction Joint Stock Co. on Sunday started its second villa offer of The Pegasus Residence project in Long Binh Tan Ward, Bien Hoa City of Dong Nai Province after the first phase of the project is completed. The project owner quoted prices of 124 villas at between VND1.95 billion and VND3.9 billion per unit. The villas vary in sizes, from 130 to 330 square... 

Hanoi-based Thanh Do Construction and Development Joint Stock Co. on Sunday commenced work on The Empire Residences & Resort project with the total investment of around VND10 trillion. The project covers over 50 hectares of land next to Truong Sa Road along Son Tra-Dien Ngoc beach. It has two resort complexes and a high-class residential area, said Nguyen Duc Thanh, chairman of Thanh Do. In the...