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China's home prices to drop faster with worsening sales slumps this year
China's home prices will fall at a faster pace this year with worsening slumps in property investment and sales, a Reuters poll showed, a sombre reminder to policymakers as they redouble efforts to revive the crisis-hit property sector.
Property consultancy Knight Frank wants construction of beachfront hotels stopped
Developers should stop building new beachfront hotels as there is a risk of oversupply and 20 million four- and five-star rooms are vacant annually, property consultancy Knight Frank said.
Falling demand fails to depress Hanoi old apartment prices
Prices of old apartments in Hanoi have not decreased though the market has cooled off and there have been few transactions in recent weeks.
May 19, 2024 | 08:15 pm PT
Hanoi calls for investments in six urban area projects
Hanoi is calling for investment in six urban areas projects in Dong Anh District worth a total of VND34 trillion (US$1.3 billion).
May 19, 2024 | 02:32 am PT
Hanoi, HCMC house rent among highest in Asia
Hanoi and Ho Chi Minh City are among the most expensive cities in Asia to rent housing at a monthly median of US$688, a survey has found.
May 16, 2024 | 03:12 pm PT
HCMC housing prices to rise as supply remains low: realtor
A lack of supply might drive up housing prices this year, according to Le Hoang Chau, chairman of the HCMC Real Estate Association.
May 15, 2024 | 12:07 am PT
90% of condotel projects record no sale in Q1
Ninety percent of condotel projects in Vietnam recorded no sales in the first quarter as demand plunged to a five-year low, according to market researcher DKRA Group.
May 12, 2024 | 11:55 pm PT
Hanoi old apartment market cools down
Despite offering a discount on her 63-square-meter apartment in Hanoi, Van has been unable to sell it because the market for old apartments has nosedived.
May 12, 2024 | 03:00 pm PT
Qatari PM sells $49M London mansion to fellow royal
Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani has sold his mansion in Mayfair, London, to another member of the state’s royal family for £39 million (US$48.7 million).
May 10, 2024 | 05:44 am PT
Thai maid to inherit $2.7M from French businesswoman
A Thai maid is set to inherit assets worth 100 million baht (US$2.7 million), including a villa-style hotel in Koh Samui, from her late employer, a French businesswoman.
May 10, 2024 | 04:27 am PT
Chinese-American actress Liu Yifei possesses $170M asset
Actress Liu Yifei’s assets, amassed through her work in the entertainment industry, are estimated to exceed 1.23 billion yuan (US$170 million).
May 10, 2024 | 02:00 am PT
5-square-meter Shanghai flat rented out shortly after listing
A flat in Shanghai, measuring 53 square feet (4.9 square meters) and featuring a bed directly behind the toilet, went viral after being rented out almost immediately after hitting the market.
May 8, 2024 | 08:43 pm PT
Real estate transactions up 13% this year in HCMC
The number of real estate transactions in HCMC has risen by 13% year-on-year to over 120,000 this year, according to its Department of Natural Resources and Environment.
May 8, 2024 | 04:41 pm PT
Da Nang apartment prices rise to $3,200 per square meter
Apartments prices in Da Nang rose by 1-3% in the first quarter to VND50-80 million (US$2,000-3,200) per square meter, according to Canadian real estate company Avison Young.
May 7, 2024 | 03:55 pm PT
No new 3-star hotels to come up in Hanoi: Savills
Hanoi is unlikely to add three-star hotels in the next three years as tourists prefer to stay at places with higher ratings, property consultancy Savills Hanoi said in a report.
May 6, 2024 | 05:11 pm PT
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