Novaland Group has officially penetrated into the potential tourism real estate market in Cam Ranh City in the central coast province of Khanh Hoa with the launch of its NovaBeach Cam Ranh Resort & Villas project, which covers 23 hectares.
Many property developers in HCM City are moving to neighbouring provinces and cities and even as far away as the central region as city authorities are issuing fewer licences and legal procedures elsewhere are simpler.
Land prices in Phnom Penh continued to show signs of upward movement at the beginning of this year, led by Sen Sok district, while Chroy Changvar district remains stagnant, according to a real estate developer’s report.
The $500.4 million Tourism, Ecological, Marine and International (Temi) tourism project has been approved by the Council for the Development of Cambodia (CDC), according to a notice on its Facebook page on Monday.
The time needed for completing housing approval procedures in HCMC has been reduced to 15 days from the previous 57 days, Nguyen Toan Thang, director of the municipal Natural Resources and Environment, told a meeting today in the city.
The HCMC Real Estate Association (HoREA) has proposed that the Government consider raising the loan interest cap to 25%, from the current limit of 20%, the local media reported.
Resort and recreation complex Grand World Phu Quoc makes its debut today, promising to not only become a destination for tourists coming to Phu Quoc Island but also offer attractive investment opportunities.
The real estate market witnessed multiple exciting activities in both Hanoi and the central coastal city of Danang in 2018, said experts at the real estate consultancy Savills Vietnam in a recent statement.
The central city’s construction department has listed 17 commercial housing projects that allow foreigners to own homes, including eight in Son Tra peninsula and six in the downtown Hai Chau district.
Experts have said improving the transparency of the real estate market is critical to prevent inflated prices and ensure stable development.