Indochina Park Tower.

CB Richard Ellis (Vietnam) Co., Ltd., Is pleased to annouce that we have been appointed as the Sole Marketing & Management Agent for Indochina Park Tower comprising 100 units of apartments (serviced apartments & apartments sale) and 3 levels of office space at 4Bis Nguyen Dinh Chieu, Dist.1, HCMC.
Indochina Park Tower
Indochina Park Tower
4bis Nguyen Dinh Chieu, Dist. 1,
HCMC, Vietnam
Offering the following facities & amenities:
Fully furnished
*
Daily housekeeping service
*
Gymnasium
*
Changing rooms
*
Sauna & Steambath
*
Swimming pool
*
Mini-supermarket
*
Bar/ café
*
24 hour security and front desk servces
*
100% back-up
*
3 minutes easy access to CBD

Skyline Tower - Hanoi, VN.

A new symbol of exclusive living has arrived to Hanoi. Skyline Tower. Dramatic sunrises. Glamorous night views. Outstanding architecture & design.
Skyline Tower.
Some buildings don’t just define a skyline, they define a lifestyle
A new symbol of exclusive living has arrived to Hanoi. Skyline Tower. Dramatic sunrises. Glamorous night views. Outstanding architecture & design.
The creation of NAHUCORP property group, Skyline Tower brings together innovation and experience from around the globe.
Skyline Tower. Your new address in Hanoi.
LOCATION
With its lakeside position, Skyline Tower offers residents amazing views from all sides – across the Hanoi cityscape, and over the spectacular West Lake & Truc Bach Lake. With its convenient location residents will be able to easily access all area of the city and the main roads to the airport & other areas.
Airport – 30 mins
Hanoi Old Quarter – 5 mins
Hanoi Opera House – 10 mins
Centrral Business District – 10 mins
Hoan Kiem Lake – 7 mins
FACILITIES
Unwind in the saunas & Jacuzzi
Keep fit in the gym equipped with the latest fitness equipment
Relax and sip cocktails at the Terrace pool overlooking the lakes
Chill out in the poolside gallery café with its cosy seating & reading area
Take a break and make use of the Children’s Room.
Skyline Tower will provide residents with:
Peace of mind
- 24hr security presence with CCTV
- International fire & safety standards
- 100% backup power
Time for living
- Housekeeping service
- Grocery service
A welcoming face
- 24hr reception
- Professional building management
One less problem
- Car & motorbike parking complete with
Vietnam’s first car-lift system.
Access to the world
- Flexible Cable TV options
- Broadband internet
- Lobby, café & pool area wifi access

River Garden.

Located in an established residential area surrounded by luxurious villas, River Garden comprises 210 apartments with 2-4 bedroom units, with high-rise view of the environs, offering a spectacular perspective of the City’s immense space...
RIVER GARDEN
City Life Resort Living
River Garden
CBRE Residential Project Marketing is pleased to announce the appointment as the Sole Marketing and Management Agent for River Garden, another high quality residential development by Indochina Land River Garden Limited, a subsidiary of Indochina Land Holdings.
River Garden is a Grade A investment opportunity for Vietnamese, Viet-Kieu and Foreign buyers with a strong potential for high yield from the lucrative high-end rental market as well as unlimited potential for capital gains.
Plush facilities add a touch of glamour and style to this development which include an outdoor swimming pool, children’s pool, multipurpose hall/badminton/tennis hall, sauna and steam bath, gymnasium, Bar/Café, restaurant, bowling centre and landscaped garden.

THE LANCASTER

THE LANCASTER provides the convenient and luxurious space for living and working! The residential and offices for rent in the heart of the city… The Lancaster ‘s general land area is 1,170 m2 and it will provide 2 basement levels for parking, 2 levels of office for rent with the area of 1.500m2, 1 level for restaurant, and other services as gym, relax room, health room, mini market, etc . . . for serving the apartment zone, the 15 rest levels are designed as studio apartment, 1,2 & 3 bed rooms, and apartment having penthouse with different sizes...
The Lancaster
The Lancaster is located on 22-22Bis Le Thanh Ton - Ben Nghe ward - 1st Dist., Ho Chi Minh City.
The most especial that The Lancaster is designed with the modern achitecture for flexible change helping of the arrangement way in accordance with customer's utilize demand and marketing ‘s change but it is not necessary for changing of technical system.
The reasonable arrangement way of space creating the comfortable feeling for the customers. With the private alleys and the most safety assurance bring the private world for customers themselves.

Record US$ 20.3 billion FDI drives Vietnam real estate

Thursday, April 17, 2008
Record 2007 Foreign Direct Investment (FDI) worth US$ 20.3 billion is driving Vietnam's real estate industry but experts have urged existing and would be investors and developers to take an holistic approach and support local and regional infrastructure requirements.
The cautionary advice came during keynote presentations at the Cityscape Asia conference, which closed yesterday (Thursday 17 April). The three-day event which took place at the Suntec Singapore International Convention & Exhibition Centre, played host to 6,000 industry professionals and is part of the largest B2B real estate event brand in the world.
During his presentation entitled, ‘Where to Invest and What to Build in Vietnam' Philip Atkinson, Regional Director of Dubai-based Limitless, who broke ground last December on their US$220 Million Halong Star project, located on Vietnam's N.E. coast, called for investors and developers to pursue an all-embracing strategy.

SP Setia to invest $100 mln in Vietnam to increase profit

SP Setia Bhd., Malaysia’s biggest property developer, plans to invest US$100 million in projects in Vietnam that may generate as much as 30 percent of the company’s profit and sales in three years.
The company will start its first overseas property sales in Vietnam next month, Chief Executive Officer Liew Kee Sin said Wednesday in an interview in Singapore.
Malaysia-based SP Setia last year began developing the 558.4-acre (226-hectare) EcoLakes project in My Phuoc, 40 kilometers (25 miles) north of Ho Chi Minh City.
“The next year or so, we’ll be spending a lot of efforts and time in making Vietnam the focal project for us,” said Liew.
The company has no plan to raise debt to fund the projects, he said.
SP Setia, which currently only sells property in Malaysia, plans to double profit by 2012 by expanding across Southeast Asia.
Vietnam’s economy expanded 8.5 percent in 2007, the fastest pace since 1996, under government plans to double gross domestic product between 2005 and 2010.
Overseas sales will account for about half of revenue in five years, Liew said March 26.
He projects the company will meet its sales target of 1.8 billion ringgit ($570 million) in the fiscal year ending October, compared with 1.15 billion ringgit the previous year.
Source: Bloomberg

Vietnam real estate market set to boom

Mr. Dang Hung Vo, Deputy Minister of Natural Resources and Environment
The real estate market in Vietnam is set for a revival this year with foreign investment flowing into it, experts have predicted.

Dang Hung Vo, Deputy Minister of Natural Resources and Environment, said with WTO membership and the US’s approval of normal trade status for Vietnam, more foreign direct investment would flow into the country.

Investors were likely to switch from the stock exchange, that had been buzzing over the past year, to the property market by the second quarter, he said.

Other experts said the saturation in the Southeast Asian markets would make Vietnam a lucrative option with its rapid urbanization and demand for housing and offices outstripping supply.

There is growing interest among foreign investors in infrastructure, urban development, housing, and resorts.

Do Thi Loan, general secretary of the Ho Chi Minh City Real Estate Association, said decrees issued by the government to guide implementation of the Investment and Housing Laws had created a transparent legal framework for investors.

The Real Estate Trading Law, set to take effect early this year, would contain more liberal provisions.

Tran The Ngoc, director of the HCMC Department of Natural Resources and Environment, said the key change in the Investment Law was that the government had freed up access to the financial market.

Projects take off

Several old projects in downtown HCMC resumed construction late last year after years of delay.

These include the US$156 million Saigon Pearl commercial complex and the $220 million Kumho Asian Complex.

Recently, Pacific InDe Corp., a US property firm, unveiled plans to develop office and apartment projects in HCMC and elsewhere in the south.

It also plans to set up a US$50 million fund for investment.

Malaysian property developer Prima Line Horizon Sdh Bhd has yet to invest in Vietnam but is scouting out property projects.

In Hanoi, in December alone property projects worth $4 billion were announced, many of them large-sized – like the South Korean-invested $314 million Tay Ho Tay Urban Area.

Improvements needed

Vo said it was necessary to have transparent and stable policies for real estate financing and to create a level playing field for domestic and foreign investors.

Both domestic and foreign credit institutions should accept land mortgages and earmark more funds for the real estate market.

Housing and land laws should remove existing restrictions on land transactions and have detailed provisions on buying and selling property projects.

Expat demand limited to upscale apartments

Proposed regulations allowing foreigners to buy property will have minimal impact on Vietnam’s property market, with demand expected to be limited to high-end apartments, an official said at a meeting in Hanoi Thursday.

The regulation on foreign home ownership, drafted by the Ministry of Construction, will be submitted to the National Assembly for approval next month.

With only a small number of foreigners becoming eligible to buy apartments under the new regulation, the impact on property prices would be limited, said Nguyen Manh Ha, head of the ministry’s House Management Bureau.

Only about 10,000 foreigners will become eligible to buy apartments under the proposed new regulation and Ha said demand from this groupwas expected to be focused on upscale apartments.

To prevent home purchases for commercial purposes, the draft regulation states a foreigner who buys an apartment will only be allowed to sell the property after holding the ownership certificate for one year, the ministry said.

Eligible foreigners will be allowed to own apartments for 70 years under the proposed new regulation.

At Thursday’s meeting with the National Assembly’s Economic Committee, the Construction Ministry said about 80,000 foreigners now lived in Vietnam.

Of this group, about 25,000 people work in the country in investment projects.

Foreigners now rent more than 1,300 houses and apartments in Hanoi and 4,000 residences in Ho Chi Minh City.

GROUPS ELIGIBLE TO BUY APARTMENTS INCLUDE:

■ Heads of diplomatic corps and chief representatives of international organizations in Vietnam;

■ Foreigners who invest directly in Vietnam;

■ Foreigners who receive the President’s or Government’s certificates of merit or medals for their contribution to the country;

■ Foreign cultural activists and scientists who are working in Vietnam;

■ Foreigners who are married to Vietnamese residents and live in Vietnam;

■ Foreigners who are granted the title of honorary citizen of Vietnam by the President; and

■ Foreign-invested enterprises operating in Vietnam, excluding those operating in the real estate sector, who will be allowed to buy homes to lease to foreign employees.

Real estate market to remain lackluster for 1.5 more years: experts

16:52' 11/04/2008 (GMT+7)

VietNamNet Bridge – The real estate market shows signs of falling down as a result of the monetary policies and anxiety about the stability of the local currency.
Prof Dr Dang Hung Vo, former Deputy Minister of Natural Resources and the Environment, now head of the chair of land under Hanoi National University, said that in fact, policy makers want to recover the real estate market, but commercial banks are trying to tighten real estate credit by raising lending interest rates to overly high levels due to lack of cash.
“The lack of capital will continue putting difficulties on real estate and stock markets, which need investments, for 1.5 more years at least,” Vo said.
Dr Dinh Duc Sinh from the Real Estate Business Association is optimistic about the real estate market, but thinks that the market will continue falling for a long period more, and the time of recovery will depend on the effects of the government’s measures to curb inflation.
Le Xuan Truong, consultancy expert with B.D.S real estate firm, said that in Hanoi, the prices of houses and apartments have dropped by 20-30%; especially, the prices of luxury apartments have plunged by 40%. A 182 sq m apartment at Ciputra now has the contract price of $120,000 instead of $175,000 as several months ago.
According to B.D.S, transactions now are 1/10 of last month. “Clients come to real estate trading centres only to ‘explore the situation’; they aren’t spending money at this moment,” Truong said.



He added that the successful transactions at this moment are the ones which have the value of less than VND1bil. These people are making transactions at this moment because they have real demand for accommodations. Those who do not really want accommodations at this moment have delayed their purchases, hoping that the prices will go down further.



Also according to Truong, the prices of land and houses in the centre of Ha Dong city in Ha Tay province are decreasing sharply. Meanwhile, the prices of the land plots in some districts of Ha Tay province are increasing as the areas are thought will become a part of Hanoi in the future.



Vo said that what is happening now in the market shows that the overly high prices several months ago were the result of speculation. He said that if relevant ministries and branches strictly follow the government’s instructions, the real estate market will be more stable, and those who really need to buy houses for accommodation will have opportunities.



(Source: Tien phong)

Real estate prices down to real value

16:57' 08/04/2008 (GMT+7)

VietNamNet Bridge – The government’s efforts to force real estate prices down have shown effects: prices are expected to keep decreasing by 30-40% until August.
Prices down, speculators incurring losses
Before Tet, Minh, a securities investor on ACBS trading floor, got VND10bil from stock sales and he used the sum of money to buy two land plots at Him Lam-Kenh Te projects, two blocks of apartments in district 7, near Phu My Hung urban area.
One week after that, the prices skyrocketed by 10%, which would have brought fat profit to him if he had re-sold the land plots and apartments. However, Minh did not sell them, hoping to earn fatter profit when the price went up further.
Minh seemed to make the wrong move with his properties. As the prices have been falling down for one month, he has incurred the loss of VND2bil.
Mai Van Chung, a real estate broker in district 9, HCM City, said that speculators and brokers are now suffering. Chung related that he earned 2% of commission for every successful deal. However, sometimes he decided to spend money to buy land and houses in the hope of getting fatter profit than commission. And now he has an apartment left unsold, which he bought for VND2.5bil.
An officer of the Mai Huynh Real Estate Company said that he knew a client who bought apartments of Thai Son 1 project distributed by Mai Huynh at VND25mil/sq m, and re-sold them for VND18mil/sq m.
High-grade apartments under projects in districts 2, 6, 7, Phu My Hung ad Nha Be have been witnessing their prices plunge most sharply. Meanwhile, the prices of land plots under the projects of An Phu-An Khanh, Him Lam-Kenh Te have also dropped from VND55-60,000/sq m to VND40-45mil, down by 25% over the highest peak.
The real estate business circle says that prices will keep going down until August with the expected decrease of 30-40% on average.
However, houses and apartments for medium-income earners, which did not see the ‘price fever’ when the market was hot, now have stable prices.
Apartments in projects in the suburbs of HCM City for medium-income earners, including Le Thanh project in Binh Tan district, Thoi An in district 12 are still selling at VND350-500mil/apartment.
Good news: real estate prices return to real values
Construction and real estate firms all highly applaud the government’s efforts to force real estate prices down, though they said the price decreases have been making a lot of speculators suffer from heavy losses.
Nguyen Phung Thieu, Director of Sai Gon Gia Dinh Real Estate Company, said that as all people injected money in real estate over the last time, real estate had an attack of fever. If the market cannot be cooled down, the real estate bubble will burst, which will be a big danger for the national economy.
Thieu said that the profit of 15-20% would be reasonable for real estate business, like other kinds of business, while overly high prices will threaten the national economy.
Dr Tran Du Lich, Head of the HCM City Economics Institute, said that the price decreases should be seen as active signs, showing that the government’s measures can settle the core problems of the real estate market. The measures have helped bring properties back to their real values without shocking the market.
Lich said that a lot of people may incur losses due to the measures, including speculators, and this will help prevent speculation activities in the future.