Real estate developer rejects Thu Thiem land plot

Real estate developer rejects Thu Thiem land plot

Real estate developer Binh Minh Investment and Trading Company Limited has rejected the purchase of land at Thu Thiem New Urban Area, Thu Duc City, despite initially winning the bid for it at auction. The move comes after Tan Hoang Minh Group earlier also did not go through with a planned purchase.
Reviews set after Thu Thiem episode

Reviews set after Thu Thiem episode

Real estate-backed credit packages and corporate bonds are to be strictly constrained under the fresh legislation of the competent authorities.
No banks involved in Thu Thiem land auctions

No banks involved in Thu Thiem land auctions

No banks had been offering loan packages for businesses associated with Thu Thiem land auction, as a careful examination of the State Bank of Vietnam showed.
Land plots in Thu Thiem New Urban Area got 4-8 times higher than initial price

Land plots in Thu Thiem New Urban Area got 4-8 times higher than initial price

Ho Chi Minh City auctioned off four land plots in Thu Thiem New Urban Area, earning far more than the initial offering price.
Funding dip suffered by Ho Chi Minh City

Funding dip suffered by Ho Chi Minh City

Ho Chi Minh City failed to attract international investors into major infrastructure and urban development projects last year due to low efficiency and overlapping regulations.
Thu Thiem urban planning charms investors

Thu Thiem urban planning charms investors

Only two hours after being introduced to VIP customers, The River – a luxury development located by the Saigon River – had 100 of its apartments welcomed by the market.
The River - Star of Thu Thiem’s luxury apartment sector

The River - Star of Thu Thiem’s luxury apartment sector

The first half of 2020 saw positive economic growth in Vietnam despite general worldwide distress. Among the country’s hottest areas, Ho Chi Minh City’s Thu Thiem perhaps fared even better than the rest. From infrastructure improvements to the introduction of luxurious new residential projects, the metropolis’ new central business district has caught the eye of owners and investors alike.    
Southern region thrives after 45 years of reunification

Southern region thrives after 45 years of reunification

After 45 years of national reunification and three decades of the Doi Moi (renewal) process, under the leadership of the Party, southern provinces and cities’ economy have thrived dramatically.
Thu Thiem auction lures international developers

Thu Thiem auction lures international developers

The announcement of an auction for 55 land plots in Thu Thiem New Urban Area in District 2 of Ho Chi Minh City is expected to ­encourage foreign developers through the wide land area offered, the transparent conditions, and the low risks.
City adjusts planning for Thu Thiem resettlement areas

City adjusts planning for Thu Thiem resettlement areas

The HCM City administration has asked the Department of Planning and Architecture to work with agencies to propose adjustments to resettlement areas in the Thu Thiem new urban area.
HCM City to auction Thu Thiem land plots one by one

HCM City to auction Thu Thiem land plots one by one

HCM City will put nine so-called “golden land” plots in the Thu Thiem New Urban Area in District 2 up for auction one by one and not all at once ..
PM Phuc ordered HCM City authorities to quickly settle Thu Thiem’s protracted land disputes

PM Phuc ordered HCM City authorities to quickly settle Thu Thiem’s protracted land disputes

Prime Minister Nguyen Xuan Phuc ordered HCM City authorities related agencies to quickly settle the growing land disputes involving the new urban area of Thu Thiem.
City meets with residents to discuss Thu Thiem site clearance dispute

City meets with residents to discuss Thu Thiem site clearance dispute

As many as 50 residents in HCM City’s District 2 aired their grievances at a meeting held yesterday to discuss land reclamation and site clearance compensation for households that must move to make way for continued construction of the Thu Thiem new urban area in the district.
CII sets up targets for Thu Thiem River Park

CII sets up targets for Thu Thiem River Park

Ho Chi Minh City Infrastructure Investment JSC (CII) targets to open the mock-up unit of the $400-million Thu Thiem River Park complex in April this year.
Can Southeast Asia’s largest mixed-use development revitalise Vietnam?

Can Southeast Asia’s largest mixed-use development revitalise Vietnam?

Thu Thiem, Ho Chi Minh City’s proposed financial district and mixed-use urban area, is set to become the largest inner city development in Southeast Asia in the coming years.
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