Savills to hold property exhibition in Ha Noi
(Apr 16, 2014)
Savills Viet Nam and some real estate developers will jointly organise
an HCM City property exhibition at Hanoi Tower in the capital on April
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.
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.
The city's food joint-stock company, Danafood, will start construction
of its first commercial housing project, the F-Home, in the downtown
area, with a total investment of VND600 billion (US$28.6 million).
Gamuda Land Viet Nam, the developer of Gamuda Gardens, yesterday in Ha
Noi organised the House Handover ceremony of Gamuda Gardens Phase I.
The city saw nearly 1,000 successful transactions in the property
market in the first two months of the year, which was similar to the
same period last year.