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Mr.Joseph Pham

New property law piles risk on banks

HCM CITY (VNS)— A proposed decree to guide the recent amendments to the Law on Real Estate Business that requires housing developers to get guarantees from banks before they can sell or lease out units needs to be more specific to ensure safety, a developer has warned.

Japanese group invests in HCM City

HCM CITY (VNS) — Japan's Creed Group, a real estate firm specialising in principal investment and property development, has signed a comprehensive investment co-operation contract with An Gia Real Estate Investment and Development JSC.

Nearly $1.7b of FDI pours into real estate market

HCM CITY (VNS)— The country's property market attracted US$1.69 billion in foreign direct investment (FDI) for 15 projects in the first seven months of 2015, according to the Foreign Investment Agency. This figure accounted for 19.3 per cent of the total FDI capital of $6.92 billion.

Foreigners Buy Houses In Vietnam - Stimulus Resource For Real Estate

On July 1st 2015, the law for foreigners to buy houses in Vietnam began to take effect. 2015 07 15 1This will make the real estate market have a larger demand. Thus, for approaching international standards, the investors have to adjust operations, ways of working and management to introduce the products with strict requirements on quality and attentive service ... so as to meet the requirements of this new market.

City's real estate boom needs good planning

While residential developments in the west and north of HCM City have few customers, the property spotlight is falling on the east and south of HCM City where Districts 2, 9, and Binh Thanh are seeing plenty of transactions.

Vietnam real estate market continues attracting foreign investors

Foreign direct investment (FDI) capital to Vietnam’s real estate market has continued increasing recently with high-value deals of many giants from South Korea, Japan and Singapore. The Foreign Investment Agency under the Ministry of Planning and Investment reported as of July 20, the country has licensed 1,068 new projects with the registered capital of US$6.92 billion, up 1 percent over the same period in 2014

VIR - New law widens foreign home rights on July, 2015

With a majority of 77 per cent vote the National Assembly last week passed the long-awaited amended Law on Housing which would expectedly make positive changes to home-ownership rights for foreigners. Bich Ngoc reports.

Foreigner property rights to boost Vietnamese realty market

Viet Nam's real estate market will become more competitive within the region because foreigner property rights will soon be allowed, Savills Viet Nam said in a statement last November 26.

Japanese group invests in HCM City

Japan's Creed Group signs a comprehensive co-operation contract with An Gia Investment in HCM City on July 26. — Photo cafeland

HCM CITY (VNS)  — Japan's Creed Group, a real estate firm specialising in principal investment and property development, has signed a comprehensive investment co-operation contract with An Gia Real Estate Investment and Development JSC.

Under the contract signed on July 26 in HCM City, the Creed Group will spend US$200 million to purchase An Gia shares and advance loans to the firm to buy housing projects with the aim of building Japanese-quality houses in HCM City.

The Creed Group will also transfer technology in real estate development, as well as real estate development experience and opportunities to An Gia.

An Gia Investment CEO Nguyen Ba Sang said the contract would offer the company a strong financial backing to implement real estate projects.

An Gia plans to build 2,000 superior-quality apartments each year, targeting 10,000 units by 2020, with a total investment of $1 billion.

The company is currently implementing four projects, worth nearly VND3 trillion ($137.4 million), to provide 2,000 apartments to the market, and is negotiating the purchase of 10 plots in the centre of HCM City.

Founder and Managing Director of Creed Group Toshihiko Muneyoshi said this was just the first step in their bilateral co-operation.

If the Vietnamese property market grew well, the Creed Group would pump additional hundreds of millions of US dollar into An Gia, he said.

He said Viet Nam's economy has integrated deeply, while the government was going to finalise Trans-Pacific Partnership negotiations, thus opening more opportunities to draw large investors from across the world.

Viet Nam's young population was mostly concentrated in urban areas, while housing funds were limited, he said, adding that Viet Nam's regulations relating to land had become more open, creating opportunities for foreigners to buy houses and opening investment opportunities for both domestic and foreign investors.

* More informations, please contact: An Phat Real Estate - Hotline: 0938.218.206 or saigon4sale4rent@gmail.com

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