Former boss of Vietnam condo developer arrested, one month after fatal fire
The developer of Carina Plaza was found to have used borrowed equipment to fool officers during fire safety inspections
Apartment projects mushrooming in Hanoi
While no new major roads have been opened in Hanoi over the last few years, apartment projects, collectively comprising several thousand apartments, have proliferated in the Vietnamese capital.
Property speculation emerges, but bubble unlikely to form in Vietnam: minister
The Vietnamese minister of construction last week warned of speculation in the local realty market, four months after he told local TV audiences that the recovery of the property sector is not due to speculative activity
In Vietnam, supply of hi-end condos rises fast, outstrips affordable housing
Insiders said there is no bubble in sight as long as demand keeps rising as fast as supply does
Vietnam cbank floats $2.3bn for new credit package to stir realty market
The State Bank of Vietnam has submitted to the government a plan to set aside VND50 trillion (US$2.3 billion) to support the commercial condo segment by enabling local banks to offer local homebuyers long-term lending at preferential rates
Realty market prices approaching real values: Construction Minister
Unreasonably high prices of real estate are falling due to low housing demand, Construction Minister Trinh Dinh Dung stated in a recent TV interview
Rushing to sell realty projects to cut losses
While the investors of some high-end real estate projects are cutting retail prices by almost 40-50 percent, others are planning to get rid of theirs after bleeding money for so long while waiting for the market to recover