Banks have been reportedly finding luxury cars and villas difficult to liquidate, even after significantly reducing their prices in an effort to attract buyers, according to industry insiders.
Ha Noi has proposed to the Ministry of Finance the imposition of a tax or fine on owners of half-finished and abandoned townhouses and villas which were causing considerable wastes of land resource.
The Ministry of Construction has asked provincial and municipal people’s committees to tighten management on condotels, officetels, resort villas and shophouses while there remains a lack of regulations to ensure the development of these new property products.
The Hà Nội People''s Committee recently issued a written request to strengthen the management of the investment, construction and business of condotels, tourist villas and officetels.
Nam Long Investment Corporation (NLG) achieved net revenues of VND1.221 trillion (US$52.5 million) in the fourth quarter of last year, a 50 per cent increase year-on-year, its financial report for the quarter shows.
Giant property developer Novaland Investment Group Corporation (NVL) said it had achieved its annual target with after-tax profit rising to nearly VND3.4 trillion.
Indochina Hoi An Beach Villas Co., Ltd, a subsidiary of Bamboo Capital Group, on August 19 signed an agreement with US hotel operator Radisson Hotel Group to manage its Malibu Hoi An project in Quang Nam under the commercial name...
As one of the three most attractive hospitality markets in Viet Nam, Cam Ranh, a tourism hotspot in the south-central province of Khanh Hoa, promises huge profits to customers.
Supply of landed houses and villas in HCM City is short since developers are wary of this segment due to high costs and extended procedures, experts said.
An opportunity to invest in coastal villa segment has been offered investors in Mui Ne, Phan Thiet city, in the south-central province of Binh Thuan, with the developer accepting payments of VND2 billion (equivalent to 30 per cent of the...