Vietnam 

Đồng Nai seeks investors for 12 infrastructure projects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  An elevated road in Đồng Nai Province. Đồng Nai has announced a list of 12 infrastructure projects, calling for investment worth more than US$1.2 billion in total. — Photo baoxaydung.com.vn ĐỒNG NAI — The People’s Committee of the southern province of Đồng Nai has announced a list of 12 infrastructure projects, calling for investment worth more than US$1.2 billion in total.  Both domestic and foreign investors are invited to invest. Six of the 12 projects are in the transport sector, with the biggest being a 15km road in Nhơn Trạch District…

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China’s mass urbanisation projects mean the end for Guangzhou’s 1,000 year-old urban villages

A doomsday atmosphere has developed in the village of Chentian on the outskirts of Guangzhou, the capital of China’s Guangdong province. Red banners urge local residents to leave the village that has stood for over 800 years, small shops are clearing out their inventories, and people who had lived there for decades are nervously debating their uncertain futures.The whole mini world of Chentian – made up of hundreds of low-rise concrete buildings and thousands of small shops and restaurants… Source link

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Property 

New transport projects will create nine hubs in Hong Kong, boost property, says Colliers International

New railway lines and road networks will lead to the emergence of nine office, retail, business and cultural hubs in Hong Kong over the next five to seven years, according to a new study by property consultancy Colliers International Hong Kong.Property in the districts of Admiralty and Tamar, Wan Chai, Central and Western districts, Eastern districts, West Kowloon, Kowloon City, Sha Tin, Tuen Mun and Hung Shui Kiu and Lantau North will report a boost in prices amid improved potential, the study… Source link

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Vietnam 

Suspended projects need solutions – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Participants at a meeting between city leaders and real estate enterprises held yesterday in HCM City. VNS Photo Bồ Xuân Hiệp     HCM CITY — The HCM City Real Estate Association (HoREA) on Wednesday urged the city to speed up the inspections of suspended property projects to protect real estate enterprises’ legitimate rights and prevent losses.   Speaking at a meeting with city leaders, Lê Hoàng Châu, chairman of HoREA, asked the city to publicly list 124 of the suspended construction projects that have been allowed to resume progress. The association said the developers…

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Hong Kong developers promise to sell 20 per cent of flats in housing projects on open market as government condemns ‘unfair’ tender process

The industry body for Hong Kong’s property developers said its members would from now on ensure that 20 per cent of flats in a new project are sold on the open market, as the government warned it could take action against those that sell through tender.Lawmakers have slammed developers for the increasingly widespread and “unfair” practice of selling new flats through tender, a marketing tactic they claim puts the buyer at a disadvantage. And they were quick to criticise Thursday’s decision by… Source link

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Vietnam 

HoREA proposes solutions for about 100 suspended projects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A view of HCM City. HoREA has proposed solutions for suspended property projects to avoid damage to the property market. – Photo tienphong.vn Viet Nam News HCM CITY — The HCM City Real Estate Association (HoREA) has proposed solutions for suspended property projects to avoid damages to the property market, project backers and the State. HoREA chairman Lê Hoàng Châu last Friday said the association had sent a document to the Government Inspectorate of Việt Nam (GIV) and HCM City’s authority on measures to ensure more than 100 suspended projects…

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Vietnam 

Unprofitable State projects show signs of recovery – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Ministry of Industry and Trade (MoIT) has reported some positive signs in the handling of 12 major State-owned projects that have long reported losses, as some have managed to resume operations after suspensions or even record profits. The information was released at a working session chaired by Deputy Prime Minister Vương Đình Huệ with representatives of the ministry and the projects’ investors in Hà Nội on Wednesday. A report from the ministry showed that two of the projects managed to recover…

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Vietnam 

Australian firm to conduct renewable projects in Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Australia’s Macquarie Capital will soon invest in large-scale clean and renewable energy projects in Việt Nam, said its Chairman and Executive Director John Walker. Speaking at a meeting with Deputy Prime Minister Trịnh Đình Dũng in Hà Nội on Monday, Walker said his company had carefully studied this area. With a transparent and increasingly open investment environment, Macquarie Capital would certainly operate effectively in Việt Nam, thereby attracting more Australian investors. Dũng appreciated that Macquarie Capital had studied and evaluated the market…

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Tahoe, Chinese developer at biggest risk of default, tries to offload a dozen projects to ease liquidity stress

Mainland Chinese developer Tahoe Group is seeking to offload a dozen projects that it bought for at least 40 billion yuan (US$5.97 billion) in the past two years, according to sources familiar with the matter.It is the latest builder to resort to asset sales to raise cash in the face of mounting debts.China’s 20th largest developer according to consultancy CRIC, Tahoe is a poster child of the sector’s debt-fueled growth, its expansion and ambition having outstripped most of its peers.Tahoe… Source link

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China’s stock benchmark rises to 9-month high as nuclear power shares rally on new projects

China’s stocks rose to a nine-month high on Tuesday, as China Nuclear Engineering led nuclear power equipment makers higher on news report that the government will start construction of nuclear power projects for the first time in three years.The Shanghai Composite Index rose as much as 0.4 per cent in intraday trading to 3,109.13 in morning trading, set for the highest close since June 7. Hong Kong’s Hang Seng Index was little changed.The rise of the mainland’s benchmark to the new high came… Source link

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