Terms of home loan repayments extended
(Aug 28, 2014)
The Government has extended repayment terms from 10 to 15 years on
loans borrowed from the national VND30 trillion (US$1.41 billion)
The domestic apartments market is expected to continue recovery by
year-end and beyond because of the increasing number of advantages for
it in market and state policies, experts said.
CBRE, the global property consulting firm, signed an agreement with Hoa
Binh Company Ltd over managing its V+ commercial centre on August 26 in
A study by Nomura Research Institute (NRI) of Japan estimated the value
of Viet Nam's property market at US$21 billion, a far cry from that of
some of its neighbours.
Production volume for the property market here fell slightly by 1 per
cent in the first half of 2014, a property consultancy company report
Real estate traders have not stopped doing business in the seventh lunar month this year as in previous years, said experts.
The city government has proposed that the number of storeys of old
apartment buildings scheduled for renovation be increased to attract
more tenants and ensure profits for investors.
The capital has planned a VND20-trillion (US$940 million) project to develop urban areas along the Nhat Tan – Noi Bai axis.
Residential markets in Ha Noi and HCM City would see positive
development by the end of the year due to increases in the property
The property market is becoming increasingly attractive to foreign
investors, property consultancy Cushman & Wakefield Viet Nam said.
The demand for rented office space in Ha Noi increased sharply in the
second quarter of this year, pointing to a gradual recovery of the
domestic economy, said property experts.