Articles worth reading
Image : HCM City: 1,000 start-up projects to receive support

HCM City: 1,000 start-up projects to receive support

person Orange Themes access_time Jul 20,2016

The Ho Chi Minh City Young Businesspeople Association (YBA) has said it will support 1,000 creative start-up projects during the 2016-2020 period.

Image : Jihadist siege chokes Syria's Deir Ezzor

Jihadist siege chokes Syria's Deir Ezzor

person Orange Themes access_time Nov 25,2016

In the Syrian city of Deir Ezzor, a two-year siege by the Islamic State group has forced taxi driver Mohammed al-Obeid to find a new job and turned its park into a cemetery. Instead of ferrying customers around the eastern city with its fuel

Image : Anthony Rizzo wants more drug testing in wake of Starling Marte PED suspension

Anthony Rizzo wants more drug testing in wake of Starling Marte PED suspension

person Orange Themes access_time Apr 19,2017

Anthony Rizzo wants more drug testing in wake of Starling Marte PED suspension One player who offered some criticism -- not of Marte, but of the testing system at large -- was Chicago Cubs first baseman Anthony Rizzo. Rizzo's beef? Not enough

Latest blog articles

Experts warn about speculators promoting housing bubble in HCM City

access_time May 18,2017 chat_bubble_outline 10 views

Several experts have warned about a possible real estate bubble burst after claims that investors are deliberately holding onto land plots to boost prices in HCM City.  


Experts warn about speculators promoting housing bubble in HCM City



Le Tien Vu, deputy director of Cat Tuong Group, said the prices were unsustainable and would make it impossible for many to afford to buy a home.

"There are also people who were hasty and decided to spend money on products that are not really suitable to their needs. They rarely build anything on the land they bought so the residential areas there often slow to be formed and lack necessary utilities," he said.

Infrastructure is still weak and lax management has led to slums and bad urban planning.

According to the HCM City Real Estate Association, the number of secondary investors is increasing. The fake real estate hype is also pushing up the land prices in many districts including Thu Duc, Binh Tan and Cu Chi.

Le Hoang Chau, head of the association, warned about the threats and negative effects from the hype to the market. "Measures must be taken to calm the market and prevent a real estate bubble burst to protect customers," he said.

Buyers are advised to be careful and research about the projects and whether it meets their needs. Le Tien Vu said authorities should create favourable conditions to support investors to complete housing projects quickly, balancing the supply and demand cycle.

The HCM City Real Estate Association said the city authorities must clarify that there was no plan to upgrade or expand several districts and urban areas such as Binh Chanh or Hoc Mon districts to undermine speculation. Meanwhile, approved real estate projects must be quickly carried out and the information must be publicised.

They also urged the authorities to issue a new decision about minimum land plot sizes.

Deputy Director of the State Bank of Vietnam, HCMC branch, Nguyen Hoang Minh, said right after the hype started in early 2017, the State Bank of Vietnam had asked banks to closely monitor the market, tighten management and limit loans.

dtinews

Before 'Fake News' Came False Prophecy

The revelation that fake news deceived voters in the lead-up to the 2016 presidential election generated real outrage in the aftermath of Donald Trump’s electoral victory. The top fake news stories garnered more clicks than the top real news stories on Facebook in the final three months of the campaign season. Fake news and other campaign fantasies led Oxford Dictionaries to select ‘post-truth’ as the word of the year for 2016.But stories that gain popularity by presenting readers’ fantasies… chat_bubble_outline Read More...

Des parents furieux en raison des écoles ouvertes

Read on the original site chat_bubble_outline Read More...

Expedia misses 3Q profit forecasts, tops revenue views

BELLEVUE, Wash. (AP) -- Expedia Inc. on Thursday reported third-quarter net income of $279.3 million.The Bellevue, Washington-based company said it had net income of $1.81 per share. Earnings, adjusted for amortization costs and stock option expense, were $2.41 per share.The results did not meet Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.52 per share.A year ago the company earned $283.2 million, or $2.12 per… chat_bubble_outline Read More...

The cautionary tale of Eugenie Bouchard

Read on the original site chat_bubble_outline Read More...

Man and woman found dead in house in Wangaratta after shots fired

Read on the original site chat_bubble_outline Read More...

folder_open Assigned tags

Comments

Loading...

Trends in Singapore

Trends in Indonesia

Trends in Philippin