Hoa Binh Corporation wins EPC contract
(Jun 30, 2016)
The Hoa Binh Corporation has won an engineering, procurement and
construction (EPC) contract worth VND2.5 trillion for the Minh
Khai-Imperia Sky Garden project in Ha Noi.
BIM Group has
become one of the country's leading property developers, with a line-up
of high-profile projects to its credit.
Early alarm bells have been rung about the potential unbalanced development in supply and demand in the realty market.
The local hospitality market has continued its strong recovery in the first half of this year.
Syrena Viet Nam will open limited sales of shophouses and garden houses
of Green Bay Village in Halong Marina Urban Area in northern Quang Ninh
Province on June 26.
Daewoo Engineering & Construction Co. announced that it would
proceed with the official contracts for 182 households of the first
high-end villa project in the "Star Lake" New City in Ha Noi from July
The Vietnamese real estate market is poised for strong growth in the
next 15 years, but the Government should prevent speculation to avoid a
bubble and improve human resources and infrastructure to attract foreign
developers as the country integrates, a foreign expert has said.
The property market in the central city of Da Nang has seen growth in major segments such as condotel, condominium and hospitality markets in the first half of this year.
The official real estate index, which should have been set up earlier this year, has been delayed while real estate enterprises and associations have continued to provide their own indexes.
The Government is continuing with its efforts to boost the social housing development.
Property developers have started constructing coastal projects in the central city in response to the rising prices of coastal property following the stagnant period in 2013-15.