Home Real Estate

HDBank offers exemptions for Mon City

Apr 8th at 13:49
08-04-2016 13:49:21+07:00

HDBank offers exemptions for Mon City

HCM City Development Bank (HDBank) is offering promotional interest rates on loans to buy apartments and houses in Mon City in Ha Noi. They will only be available this month.

 

The promotional rate for apartment buyers is 3.5 per cent, while that for loans to buy houses will be zero for the first six months. For the next six months, the rate will be 8 per cent, before it becomes market-driven.

The bank also announced that it has given a guarantee of VND1.4 trillion (US$63.6 million) to Mon City's key investor, one of the first housing projects to get a bank guarantee as stipulated in the Housing and Property Law, which was amended last July.

HDBank is one of the biggest joint stock lenders in Viet Nam. Mon City is being developed by Hai Dang Real Estate Company and will be completed in the second quarter of next year.

bizhub

MOST READ

NEWS SAME CATEGORY

Keppel Land’s subsidiary exits Vietnamese joint venture
REAL ESTATE Apr 6th at 15:34

Keppel Land’s subsidiary exits Vietnamese joint venture

Singaporean developer Keppel Land Ltd’s subsidiary, Palmsville Investment Pte Ltd, has sold the 70 per cent stake it had in the joint venture Quang Ba Royal Park...

More affordable high-quality office in 2016
REAL ESTATE Apr 6th at 15:33

More affordable high-quality office in 2016

No more Grade A building will enter the office market later in 2016, according to CBRE Vietnam.

Real estate business: restrictions for foreign investors
REAL ESTATE Apr 6th at 15:29

Real estate business: restrictions for foreign investors

Real estate is one of the areas that attracts great interest from investors in Viet Nam. However, investment in this sector is currently restricted by quite a few...

Syrena Viet Nam wins brand award
REAL ESTATE Apr 6th at 14:11

Syrena Viet Nam wins brand award

Syrena Viet Nam Development Investment Jsc., a member of the multi-sector BIM Group, on April 2 received the Viet Nam Strong Brand Name 2015 award.

Show flats ready at Novaland's RichStar project
REAL ESTATE Apr 6th at 10:00

Show flats ready at Novaland's RichStar project

Novaland this week opened show flats for potential customers to see at its RichStar project in HCM City's Tan Phu District.

M&As pave way for projects
REAL ESTATE Apr 5th at 15:06

M&As pave way for projects

Real estate developers are raising their land funds via mergers and acquisitions as well as stock purchases, instead of conducting land clearances and compensation...

Green urban areas lacking: architect
REAL ESTATE Apr 4th at 11:16

Green urban areas lacking: architect

Viet Nam needs to have detailed criteria and policies that promote the development of green urban areas to improve living standards, architect Le Thi Bich Thuan has...

Private developers lead way in VN
REAL ESTATE Apr 4th at 11:13

Private developers lead way in VN

Seven in 10 of the most prestigious property developers in Viet Nam are private enterprises, with the top three being property developers with headquarters in Ha...

US$1.3bn housing stimulus to be extended
REAL ESTATE Apr 4th at 11:11

US$1.3bn housing stimulus to be extended

Prime Minister Nguyen Tan Dung has approved the State Bank of Việt Nam's (SBV) proposal to extend the VNĐ30 trillion (US$1.3 billion) housing stimulus package until...

City to demolish 120,000sq.m of dilapidated apartment towers
REAL ESTATE Apr 1st at 13:47

City to demolish 120,000sq.m of dilapidated apartment towers

HCM City plans to demolish 120,000sq.m of dilapidated apartment buildings by 2020 and build 240,000sq.m of new apartments to replace them, according to its...

Read More

Real estate stocks

Construction stocks

MOST READ

Back To Top