Ashui.com | Hội Quy hoạch Phát triển Đô thị Việt Nam

Monday
Dec 17th
Text size
  • Increase font size
  • Default font size
  • Decrease font size
Home English News

News

Property firms hit the wall

Property firms hit the wall

Nearly 18,000 real estate and construction companies faced losses, went bankrupt or closed last year because of the challenging economic situation in the country. 

Of this number, the Ministry of Construction said that nearly 15,300 companies faced losses. 

The number of companies that stopped operations or went bankrupt totalled more than 2,600, a year-on-year increase of 9.4 per cent. 

This figure included more than 2,100 construction companies and 527 companies trading in real estate. 

The situation was not much better for corporations managed by the ministry, with many of its companies' faring worse in 2012 than in the previous year.
Total production value as well as investment value and turnover were lower than the targets set in 2012 and in the previous year. 

The ministry said the construction sector last year faced many challenges as the market continued to be stagnant, while inventory of property stacked up to a high level. 

Moreover, real estate prices fell in all property segments, leading to company losses and bankruptcies.In Ha Noi, about 1,800 transactions worth VND6.1 trillion were carried out on 94 transaction floors. 

Meanwhile, 129 floors in HCM City reported about 4,000 transactions in 2012, with total value of more than VND11 trillion. 

Inventories totalled nearly 2,400 apartments in Ha Noi and 10,100 apartments in HCM City. 

Experts predict that conditions will remain tough for the market this year, and inventory will remain high. 

(VNS) 

 

Gloomy market to get darker

Gloomy market to get darkerAs slow as Vietnam’s real estate market was in 2012, the new year could prove even more challenging, some industry insiders say.  A gloomy out...

Metro routes to ramp up property values

Metro routes to ramp up property valuesSubway and elevated railway systems in Hanoi and Ho Chi Minh City are expected to considerably increase the value of nearby property projects.  ...

Vietnam chooses an "Architect of the Year" for the first time

Vietnam chooses an Vietnam’s architectural website Ashui.com named Vo Trong Nghia “Architect of the Year” for 2012 on December 31.  Nghia, who was born in 19...

Frozen real estate market needs comprehensive solutions

Frozen real estate market needs comprehensive solutionsOver the past two days, cabinet members had working sessions with leaders of Vietnam’s two biggest economic hubs, Hanoi and Ho Chi Minh City to disc...

CBRE Vietnam has new director

CBRE Vietnam has new directorFollowing the integration in September of CBRE Vietnam into CBRE’s wholly owned platform in Asia, the company today announced the strategic appointm...

City takes creative property solution

City takes creative property solutionHo Chi Minh City is set to think outside the square and convert its oversupply of unsold apartment developments into schools, hospitals or low-income ...

Foreign contractors under the microscope

Foreign contractors under the microscopeForeign contractors will face stricter scrutiny in the coming times as authorities aim to limit delays in a range of projects. Talking with VIR recen...

Da Phuoc to not take shot at golf course

Da Phuoc to not take shot at golf courseDa Phuoc International Township project has got the thumbs up from Danang Municipal People’s Committee to remove a plan to develop an 18-hole golf c...

Savills Vietnam tracks the market

Savills Vietnam tracks the marketSavills Vietnam has just launched its property price index, a tool designed to track quarterly price movement of different property markets.  Tr...

Ascott expands in Vietnam with new properties in Ho Chi Minh City

Ascott expands in Vietnam with new properties in Ho Chi Minh CitySingapore-based property company The Ascott Limited (Ascott) announced that it has been awarded a contract to manage a serviced residence in Ho Chi Mi...
Trang 6 trong tổng số 23
Bảng quảng cáo

Tìm kiếm

Tạp chí

Green Building Review

Sách

Xanh hóa Châu Á / Greening Asia

TP. Hồ Chí Minh: MEGA City (2017)

Hiện có 1235 khách Trực tuyến

Quảng cáo