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May 24th
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Landlords, tenants spar over padded rents

Landlords, tenants spar over padded rentsWhile a lot of companies and enterprises want to lease offices in the capital, estimates put the unoccupied office area at more than 10 percent of the space available.

The supply doesn't meet demand because landlords are reluctant to accommodate customers wanting sweeter leasing fees during the financial recession.

Thu Le, a city media company executive, has tried to lease 500-600sq.m of office space for $20 per square metre. Her delight when the landlord of a Kim Ma Street building quoted $18 quickly soured when she realized the fee excluded service charges and tax.

In Ha Noi, B grade offices in prominent positions are still offered at nearly $40 per sq.m while for C grade offices on Mai Hac De", Le Dai Hanh and Pham Hung streets the decrease has been a modest $3-5 per sq.m. Bao Manh, a sales director of real estate centre Golden Art Housing, suggested small and medium-sized companies lease B and C grades offices and then look to upgrade. That way, supply could meet the demand. Hiring small house and apartments on building blocks was a good alternative during the recession, he said.
 
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Spanish firm sets up branch in town

Spanish firm sets up branch in townSpanish-based company Global Architecture Local Office, better known as Galo Architects, on Thursday launched a branch office in HCMC, officially mark...
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Keangnam Hanoi Landmark Tower

Keangnam Hanoi Landmark TowerKeangnam Hanoi Landmark Tower is located on Pham Hung Street, in the central of new urban which is consider “the heart” of Hanoi; and away 22.5km ...
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New property tax law could fuel land crunch, speculation

New property tax law could fuel land crunch, speculationA draft house and land tax law will tighten Vietnam’s land crunch while leaving the real estate market in the hands of speculators, experts said Mon...
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National Assembly ponders easier rules for Viet kieu

National Assembly ponders easier rules for Viet kieuThe National Assembly Standing Committee discussed proposed changes to the Housing Law and the Land Law yesterday intended to make living and doing bu...
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The Thieu Phuong Imperial Garden to be restored

The Thieu Phuong Imperial Garden to be restoredThe Science Board of Hue Monuments Conservation Center has approved a draft project for restoring the Thieu Phuong Imperial Garden, which was first pl...
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Real estate market shows resilience

Real estate market shows resilienceDespite not showing much sign of recovery, the real estate market is exhibiting a surprising ability to absorb investment from all available capital s...
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HCM City attracts 25.6 billion USD in FDI

HCM City attracts 25.6 billion USD in FDIHo Chi Minh City has so far attracted 3,128 foreign direct investment (FDI) projects, worth 25.6 billion USD in total, said the municipal Planning and...
Projects

Eco Park Tourism and Commerce Township

Eco Park Tourism and Commerce Township[ Tiếng Việt ] Total Area: ~ 500 ha. ...
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Viet Nam eyes foreign investors to revive local real estate market

Viet Nam eyes foreign investors to revive local real estate marketDang Hung Vo, former deputy minister of Natural Resources and Environment, spoke with Kinh Te & Do Thi (Economy & Urban Affairs) newspaper about how t...
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Housing developer deploys new method to seek capital

Housing developer deploys new method to seek capitalVinaland Investment Corporation has launched a new method of calling capital for building two apartment projects in HCMC's District 7, under which hom...
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