VietNamNet Bridge - Many resort projects have restarted after a long four-year period and interruption amid the strong recovery of the national economy and the new law allowing foreigners to own houses in Vietnam taking effect on July 1. Real estate developers have resumed projects in Nha Trang, Da Nang, Phu Quoc and Phan Thiet. On Phu Quoc Island in the south, two 5-star resorts, Salinda Premium Resort & Spa of Salinda Group and Vinpearl Premium Resort & Spa of Vingroup, kicked off in late 2014. The construction of 4-star Novotel Phu Quoc Resort with 406 high-end rooms and 40 bungalows, developed by CEO Group, the 5-star hotel Crowne Plaza Phu Quoc with 400 rooms by BIM Group and Sunset Sanato Premium complex by Chin Chin Nui Company also has started, expected to be completed by 2015-2016. M.I.K.’s high-end resort Sol House on Phu Quoc Island is scheduled to go on the market by early 2016. Nam Cuong Group is moving ahead with its hotel-resort project capitalized at … [Read more...] about Beachfront resort real-estate market wakes up
Wake county real estate
Related News China's innovation economy a real estate bubble in disguise? By Reuters/Sue-Lin Wong  July 7, 2016 | 10:40 am GMT+7 Innovation centers are popping up around the country, but often in the wrong place. The Chinese government's call to the nation to build aninnovation-driven economy from the top down has sparked a rush by local governments to construct new buildings in the name of supporting creativity. Innovation centers have been popping up around the country and are set to more than double to nearly 5,000 in the next five years, according to internet research firm iiMedia. The only problem for local governments; entrepreneurs are not moving in. Many centers are in small Chinese cities or towns, not ideal locations for attracting startups. There is no local market for their product, no local ecosystem of suppliers and fellow entrepreneurs and centers generally provide only basic amenities, such as a desk and a telephone. They lack the … [Read more...] about China’s innovation economy a real estate bubble in disguise?
Real Estate Credit: Still Waiting According to statistics from large real estate businesses listed on the Stock Exchange, currently these businesses are in debt by over VND30,000 billion, while their available capital is very small, accounting for only about 8.6 percent of the debt. One property dealer even borrowed nearly VND2,000 billion while its available cash is only about VND30 billion. Most property developers now depend heavily on bank loans for their survival. Expecting an adjustment of credit policyNot only small and medium businesses, but also large businesses and corporations are affected by the tightened monetary policy. Representatives of Housing and Urban Development Group of Vietnam (HUD) said that never has real estate investment been as difficult as now. Credit tightening policy of banks has severely affected the input cost leading to the decline and freezing of the real estate market. Lack of capital is common in most real estate businesses. Vietnam … [Read more...] about Real Estate Credit: Still Waiting
Real Estate Market Defrosting: Specific Solutions Required In recent years, Vietnam has worked out many important guidelines to defrost the real estate market with the goal of economic recovery and supplying demand-oriented housing for millions of low and middle income people. Recently, the Government has put forward a solution enabling the building of small apartments to meet the needs of a large number of low-income people; a leverage solution to initially encourage the business community. The policies set out in the recent National Assembly session are entirely feasible to revive the real estate market; however, quickly turning the policy into reality requires specific solutions. The Vietnam Association of Financial Investors (VAFI) has proposed five basic solutions, relatively simple and easy to implement, which are mainly under the Government, ministries and local authorities’ powers in order to revive the frozen real estate market. Soft loans for low-income people to … [Read more...] about Real Estate Market Defrosting: Specific Solutions Required
Vietnam Real Estate: Still Attractive to Singaporean Investors Although economic slowdown has brought on stagnation in the Vietnamese property market in all segments, many property projects, especially those invested by Singaporean companies, are operating very effectively. This business sector is still very attractive to Singaporean businesses in particular and foreign-invested businesses in general. Vietnam Business Forum has an interview with Mr Phan Thanh Mai, Secretary General of the Vietnam Real Estate Association, on market forecasts as well as opportunities for real estate cooperation between Vietnam and Singapore, one of four main topics of discussions at the Vietnam - Singapore Business Forum 2013 which takes place from April 17 to 19, 2013 in Ho Chi Minh City. Thu Ha - Anh Son report. How do you assess Singapore's investment in Vietnam in recent years, especially in real estate sector? In recent years, despite impacts of global economic downturn, investments of … [Read more...] about Vietnam Real Estate: Still Attractive to Singaporean Investors