Lessons learnt from the Thu Thiem land auction case

Thursday, Mar 10, 2022

A suitable auction form for each type of property and more stringent sanctions are needed to prevent auction winners from walking away without buying as happened recently in the Thu Thiem New Urban Area, experts said.

Real estate developer rejects Thu Thiem land plot

Thursday, Feb 10, 2022

Real estate developer Binh Minh Investment and Trading Company Limited has rejected the purchase of land at Thu Thiem New Urban Area, Thu Duc City, despite initially winning the bid for it at auction.

No credit granted to four Thu Thiem land auction winners

Monday, Jan 17, 2022

Commercial banks did not grant credit to four real estate businesses that won the auction of land use rights in the Thu Thiem new urban area, according to the State Bank of Vietnam.

HCM City to auction thousands of apartments in Thu Thiem New Urban Area

Saturday, Jun 12, 2021

The HCM City People’s Committee has instructed the Department of Natural Resources and Environment to complete procedures required to auction 3,790 resettlement apartments in the Thu Thiem New Urban Area in Binh Khanh Ward, Thu Duc City.

HCM City to auction 9 land plots in Thu Thiem

Friday, Sep 04, 2020

HCM City will auction land-use rights for nine land parcels covering 77,606sq.m in its Thu Thiem new urban area in District 2.

HCM City seeks investors for nine plots in Thu Thiem

Wednesday, Jun 05, 2019

HCM CITY will organise an auction to seek investors for the right to use nine land plots in the Thủ Thiêm new urban area in District 2.

HCM City to auction Thu Thiem land plots one by one

Tuesday, Jul 03, 2018

HCM City will put nine so-called “golden land” plots in the Thu Thiem New Urban Area in District 2 up for auction one by one and not all at once, Tran Vinh Tuyen, deputy chairman of the People’s Committee, said...

HCM City solicits investment for big projects

Thursday, Oct 12, 2017

HCM City called for investment in 116 socialised projects, 11 national-scale projects and six other projects in the Thu Thiem New Urban Area at an investment promotion conference yesterday.

HFIC to become investor of HCM financial centre

Friday, Jul 07, 2017

HCM City’s People’s Committee has proposed the Prime Minister to approve the ion of State-owned HCM City Financial Investment Company (HFIC) as investor of the municipal financial centre, website enternews.vn reported.  

Lotte to build smart complex in Thu Thiem

Thursday, May 04, 2017

Korean conglomerate Lotte Group got the go-ahead from the HCM City People’s Committee on Wednesday to develop the Thu Thiem Eco Smart City in District 2.

Free parking lot a lure for buying apartment in The Sun Avenue

Friday, Mar 25, 2016

Property experts predict that the market in trading parking lots in apartment buildings will become red hot as a new circular issued by the Ministry of Construction on managing and using apartment buildings comes into effect on April 2.

The Sun Avenue Office-tel in Thu Thiem, HCM City's golden area

Thursday, Nov 19, 2015

Thanks to its low investment cost and high returns of 8-12 per cent, office-tel remains the most popular segment in the real estate market in the last quarter of 2015.

HCM City approves construction of observation tower complex

Wednesday, Jul 01, 2015

HCM City''s People''s Committee on June 30 awarded an investment certificate to Empire City Limited Liability Company to implement the construction of an observation tower complex.