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Most inward remittances poured into realty market

Most inward remittances sent to Vietnam have been being used to purchase land and a smaller part is for savings and buying products of long-term use. At a conference on international migration held on June 1 in Hanoi, Nguyen Viet Cuong and Daniel Mont from the World Bank (WB) said the assessment is based on the survey results conducted in 2008 with more than 4,000 Vietnamese households related... 

Hanoi land price down nearly 10m dong/sqm

The State Bank of Vietnam (SBV)’s decision on tightening the credit growth for non-production sectors, especially in real estate field, has frozen the property market for more than one past month. According to a broker in Hanoi realty trading floor, the land price at project in the 32 road plummeted sharply and there were almost no trading. The strongest fall was in Kim Chung-Di Trach project... 

PR, branding offer keys to property market

Brand building and marketing strategies will increasingly be important as buyers are now more cautious because of high inflation and tighter monetary policies issued by the Government, experts said at a seminar held yesterday in HCM City. Patti Ndzana Etoga, operations director of CB Richard Ellis, said entering 2011 many high-rise developers were sitting on large amounts of stock, primarily condominiums.... 

Hanoi approves land right auction for 62 new projects

Ha Noi expects to make 2.450 trillion VND (US$120 million ) from auctioning off 373 ha of land rights for the development of 62 new projects during the course of this year. Yesterday the municipal People’s Committee approved its land right auction plan for 2011 which will serve as a major source of income for developing new projects throughout the city, said Ha Noi People’s Committee Vice... 
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