36 real estate projects were awarded by VIR in three categories, including green and smart projects, projects attract cash flow, and leading resort projects, highlighting famous names in the real estate market and depicting the leading market trends for 2019. The 36 winners of the poll To recognise the efforts of developers in building innovative and high-quality projects in Vietnam, VIR held the “Leading Real Estate Projects” poll on its website to gather customer insights before releasing its special publication. Almost 1.3 million readers have participated in the poll, setting a new record for a poll of this kind. Speaking at the opening ceremony, Le Trong Minh, editor-in-chief said that “Human-centric living spaces, respect for residents’ life, and community values are the trend of the future, as the beneficiaries of real estate products increasingly turn towards the value and quality of life. In the context of climate change, environment-friendly … [Read more...] about VIR awards 36 winners of real estate poll
Arizona department of real estate
Ministry probes into dozens of real estate projects
Under the Decision No. 1369/QD-BXD, the Ministry of Construction (MIC) is planning to carry out 90 inspections regarding terms of construction management, infrastructure, and real estate projects among others. Inspections are to be carried out at a number of real estate projects in the central coastal province of Khanh Hoa, including at Mövenpick Resort Cam Ranh invested by Eurowindow Nha Trang Investment and Tourism JSC, ALMA Resort Cam Ranh of Paradise Bay Resort Co. Ltd, and Prime Resorts and Hotels run by Cam Lam Holdings. The ministry is to implement inspections of two housing projects in Hanoi that have received investment by Military Petrochemical Joint Stock Company (Mipec) such as Mipec City View in Ha Dong district and Mipec Riverside in Long Bien district. Another military - run entity, MBLand Holdings, which owns the Square Field hotel and shopping mall complex located in the southeast province of Tay Ninh, along with the Golden Field complex and Grand Plaza … [Read more...] about Ministry probes into dozens of real estate projects
Ministry probe to inspect dozens of real estate projects
Under the Decision No. 1369/QD-BXD, the Ministry of Construction (MIC) is planning to carry out 90 inspections regarding terms of construction management, infrastructure, and real estate projects among others. Inspections are to be carried out at a number of real estate projects in the central coastal province of Khanh Hoa, including at Mövenpick Resort Cam Ranh invested by Eurowindow Nha Trang Investment and Tourism JSC, ALMA Resort Cam Ranh of Paradise Bay Resort Co. Ltd, and Prime Resorts and Hotels run by Cam Lam Holdings. The ministry is to implement inspections of two housing projects in Hanoi that have received investment by Military Petrochemical Joint Stock Company (Mipec) such as Mipec City View in Ha Dong district and Mipec Riverside in Long Bien district. Another military - run entity, MBLand Holdings, which owns the Square Field hotel and shopping mall complex located in the southeast province of Tay Ninh, along with the Golden Field complex and Grand Plaza … [Read more...] about Ministry probe to inspect dozens of real estate projects
Government to establish Department of Real Estate
The Ministry of Construction proposed the establishment of a General Department of Housing and Real Estate Market. General Department of Housing and Real Estate Market Currently, the Ministry of Construction's Department of Housing and Real Estate Market is unable to keep up with the demands of the market, according to many. This, they say, is a result of slow reaction to the realities of the market as well as slow implementation at the local level. The Minister of Construction, Trinh Dinh Dung, said, though the bureau has tried to achieve prescribed goals, the central Government needs a larger agency. Management of the real estate market is a difficult task for local agencies because there are so many elements involved, such as finance and taxing, which create inter-agency overlap. Proponents of the new department insist that this requires a strong central department that can deal with the complexities of the market, especially concerning national projects. … [Read more...] about Government to establish Department of Real Estate
Only 30% of real estate firms expected to survive through next year
Only 20-30% of Vietnamese real estate firms are forecast to survive through the next year, said Vice Chairman of HCM City Real Estate Association Nguyen Van Duc. Only 30% of real estate firms expected to survive through next year Duc, who also serves as Deputy Director of Dat Lanh Real Estate Company, said “A range of idle property projects give proof of the sluggish real estate market, forcing many companies to sell them to other firms." He added that solutions to save the market should have been made in 2011, and that now it is too late to improve the situation and the solutions presented this year will be ineffective. “This year's VND30 trillion (USD1.42 billion) package from the government to save the property market has also failed to significantly change the situation. To date, only 2% of this package has just been disbursed,” Duc said. He added that the Ministry of Construction has failed to accurately assess the market as well as cumbersome and … [Read more...] about Only 30% of real estate firms expected to survive through next year