Vingroup announces special lease to lure new tenants
(Apr 23, 2014)
Vingroup's Vincom Office Company announced a special "office-for-lease"
programme termed Golden Opportunity 2014 in Ha Noi and HCM City
The state has offered credit packages for the local real estate market
and will amend more regulations and policies to promote further recovery
in the local market, noted experts.
The State should amend regulations for receiving loans as part of the
VND30 trillion (US$1.42 billion) stimulus package, to promote the future
disbursement of loans, according to the Ministry Construction.
The Finance Ministry has proposed increasing land rental rates as part
of a draft decree on land rental, water surface rental and land use fees
that will likely be submitted to the Prime Minister next month.
Savills Viet Nam and some real estate developers will jointly organise
an HCM City property exhibition at Hanoi Tower in the capital on April
Property companies are urging HCM City authorities to reduce land-use fees to turn around the stagnant property market.
The office and retail space segments in two major cities showed signs of
recovery in the first quarter, with a drop in overall vacancy rates,
noted property services providers.
The high rate of occupancy and period of rent stability in the
commercial leasing sector in HCM City may be short-lived, and the rents
for most grades in Ha Noi should continue the downward trend, Cushman
& Wakefield has said in a report.
The improving economy together with significant progress in
infrastructure has revived buyers' confidence in the residential sector
of the property market, according to real estate services provider CBRE
The price per square metre (sq.m) of residential apartments in Ha Noi is
set to increase as a new circular reduces their area by setting a new
calculation method, industry insiders say.
Property developers called for quick disbursement of the Government's
VND30 trillion (US$1.43 billion) stimulus package so that home buyers
can pay in time at a meeting with Minister of Construction Trinh Dinh
Dung in HCM City on Monday.