Hard-up hotels must check out new growth strategies

Hospitality businesses must be alert to new opportunities during tough economic times by changing their business strategies and researching the market, experts said at the second annual Hospitality Management Conference held on Nov. 15 in HCM City.

Outlook still gloomy for property market

The outlook for the real estate market towards the end of the year remains gloomy, despite credit loosening policies for the property sector and a reduction in borrowing interest rates.

The Ministry of Construction said that difficulties in the domestic economy will have a negative impact on the production and business of construction enterprises and property traders.
Demand for office-for-lease to be up in Q.4 Business

Demand for office-for-lease to be up in Q.4

The office-for-lease market is likely to see a large number of customs in the fourth quarter of this year, CB Richard Ellis Group (CBRE) in Vietnam and Savills Vietnam Company forecasted.

Foreign real estate investors set to pounce

The State Bank of Vietnam's tightening of monetary policies will benefit powerful foreign real estate investors and hamper local firms, according to property market analysts.

SBV and Government efforts to curb inflation since February this year, have made it difficult for real estate developers to access credit, leading to a decline in property projects.

CEO group to build resort complex in Phu Quoc

CEO Group will build the Sonasea Villas & Resort complex covering 77.16 hectares in Phu Quoc district in the southern province of Kien Giang at an estimated cost of over four trillion VND.

Property market bustling with M&A this year

Following the tendency last year, Vietnam ’s property market is bustling with a large number of merger and acquisition (M&A) deals that also see the largest volume of trading value.

Lower-cost housing shows fastest growth

The HCM City Real Estate Association (HOREA) plans to give priority to the medium- and low-priced housing segment to meet increased demand during the 2010-15 period.

Hanoi commercial property booms

The Hanoi real estate market saw optimistic development in the third quarter and the growth trend is expected to continue to the end of this year, Savills Vietnam real estate agent reported on Oct. 5.

Not so easy for home developers

Developers of luxury apartment projects have had to shift their sales strategies in face of flagging demand, said real estate consulting and services firm Savills Vietnam.

Vietnam sees new boom in vacation homes

Investing in vacation villas and garden-view houses in resorts and tourist sites is a new Vietnamese real estate trend, but it is not easy for companies to gain quick profits.