Houses for sale gotham

A survey by VnExpress found that townhouse rents have been falling since the pandemic first broke out. In the first quarter of 2020 they fell by up to 25 percent as social distancing was in place and businesses renting houses went belly-up. The second outbreak in the second half of 2020 caused another 25-40 percent fall. The third outbreak at the beginning of 2021 drove the rents down another 30-40 percent to their lowest levels ever. The vacancy rates at townhouses surged as food and beverage and fashion shops, hit hard by the pandemic, ended their leases. Traditionally, it has been a sellers’ market, with businesses seeking to rent a house in the city center having to queue up outside landlords’. Industry insiders expect the struggle to continue until the end of 2021. Talking to VnExpress , Dr Trang Minh Ha of the Institute of Accounting and Business Management said the pandemic has also changed how businesses like restaurants and fashion stores operate. "During the … [Read more...] about Why HCMC houses for rent are in a deep crisis

The piece details numerousse achievements Vietnam has recorded over the past year, given the current health and economic hardships faced by nations across the world. Forbes stresses that throughout the same period, Vietnam has eclipsed all of its Asian rivals economically by recording positive GDP growth of 2.9%. Indeed, this represents a noteworthy feat considering that last year witnessed the GDPs of neighbouring Thailand and Malaysia suffer declines of 6.1% and 5.6%, respectively. “Consequently, Vietnam’s real estate market has flourished in recent years, with continued economic growth leading to a surge in property prices. The country’s real estate market proved resilient during the pandemic, with both the industrial and residential sectors leading the pack,” says Forbes. According to the financial publication, the star of the local real estate market remains the national industrial sector, which has been the beneficiary of a manufacturing boom occurring in recent times. In … [Read more...] about Forbes hails rising office rents, growth in VN housing market

At a half-built residential development a few blocks from Apple’s biggest iPhone plant in the central Chinese city of Zhengzhou, Wang Lina has made an unusual offer to attract business following a 10 per cent price drop over the past 12 months. Instead of requiring a standard 30 per cent downpayment, the sales manager has asked for a 5 per cent deposit and makes up the difference by offering a two-year, interest-free loan funded by the project’s developer. “We once hoped that the expansion of Foxconn would bring in migrant workers and boost home sales,” she said, referring to the world’s largest contract manufacturer that built a production base in the city of 10m people a decade ago. “But it didn’t work out that way and we have to do what we can to make ends meet.” Wang is just one of several local developers grappling with softening home prices and sluggish sales. Dozens of inland cities face a similar problem. In China’s coastal hubs, however, a speculation-driven housing … [Read more...] about China’s housing crash exposes a growing regional economic divide

Starting with just a female buffalo, a man in the Mekong Delta has built a fortune with hundreds of buffalos, earning VND1 billion a year. Ngu's buffaloes Nguyen Hong Ngu, 47, in Luong Nghia commune in Long My district in the southern province of Hau Giang, was very busy ahead of the Year of Buffalo, but he was willing to spend time to talk about how he became a billionaire who owns hundreds of buffalos. The short man with tawny complexion said his childhood was attached to buffalo and when he grew up, he chose to start a business with a buffalo. “Twenty seven years ago, Luong Nghia was an alum infected land, on which farmers could cultivate only one rice crop a year, and harvest 20 bushels for each cong (1 cong is equal to 1/10 hectare),” Ngu recalled. The biggest problem was that he did not have a buffalo. Ngu, who had just married, decided to use the money and gold he received at the wedding to buy one buffalo, at VND5 million. “Actually, I just thought I needed a … [Read more...] about ‘Buffalo billionaire’ builds biggest house in Mekong Delta

Ube Construction Materials, a Tokyo-based wholly owned unit of chemical giant Ube Industries Ltd., said it owns a 51 percent stake in the new local arm, Ube CT Construction Materials Vietnam Co., which has an initial capital of 753,100 USD. The rest of the stake is held by two other Japanese companies - 37.5 percent by T. Chatani & Co., a subsidiary of chemical goods trading house OG Corp., and 11.5 percent by Koatsu Gas Kogyo Co., a manufacturer of high-pressure gas. The waterproof materials market in Vietnam is expected to expand in line with the country's economic growth, an Ube Industries spokesman told NNA, commenting on the establishment of the new local unit as the Ube group's first business base in Vietnam. Ube Construction Materials was founded in 2015 and plays a central role in the group's construction materials business. Source: VNA … [Read more...] about Japan’s Ube Construction Materials forms sales unit in Vietnam