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VinaLand divests from series of real estate projects to gain nearly $120 million

VinaLand divests from series of real estate projects to gain nearly $120 million

VinaLand Limited, the real estate arm of investment company VinaCapital has completed eight project disposals in Danang, Ho Chi Minh City, Phu Yen, Binh Thuan and Dong Nai provinces within only four months.

Hoan Cau company reveals the dark side behind the grandiose projects

New details regarding the business performance and financial health of Hoan Cau Group reveal a large pool of bad debt of VND2.4 trillion (roughly US$105 million) that was just repossessed by VAMC (Vietnam Asset Management Company).

Vietnam's high urbanization rate pushing robust new dwelling formation

According to a dwelling research just launched by Savills, one of the largest property consultancy firm in Vietnam, in Q2 2017, there was a 67 per cent year-over-year (YoY) increase in sales to 11,600 units in Ho Chi Minh City whilst in Hanoi it was 13 per cent to 6,800 units.

New dominant forces of real estate market

Apart from such big names as Vingroup and Bitexco, a new generation of real estate investors has emerged and overshadowed those once-famous names.

Mid-end segment dominates Ho Chi Minh City’s real estate market

According to quarterly report highlights in Ho Chi Minh City market of CBRE, accumulated supply of new launches from 1999 to the end of first nine months of 2017 reached 220,217 units and high-end segment reduced its proportion for mid-end and affordable segments.

New powers dominate the real estate market

In addition big companies such as Vingroup and Bitexco, a new generation of real estate investors has emerged and overshadowed popular names such as Vinaconex (Vietnam Construction and Im-export JSC), HUD (Housing and Urban Development Corporation) or Sudico (Song Da Urban & Industrial zone Investment and Development Joint Stock Company).

Paradox of villas and street-front house market in Hanoi

Many villas worth up to millions of dollars have been sought-after while several projects which witness prices decreased sharply have attracted little attention.

Casino in Vietnam: Billion dollar plans are not 'easy to bite'

Although casino is welcomed by investors and many local officials, this industry still has to face many challenges.

The tallest hotel in Vietnam finds "exit door"

After more than 10 years since the start of construction, 5 star hotel in the tallest building in Vietnam is finally open for guests.

Emerging giants in real estate market

Many enterprises have silently acquired the land fund for many years and suddenly become real estate giants as they unveil a series of projects at the same time.

All projects on Son Tra Peninsula, Da Nang to be inspected

The Government's inspection team will inspect the implementation of the law on construction investment projects on the Son Tra Peninsula from 2003 to 2016.

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