Real estate developer rejects Thu Thiem land plot
February 11, 2022 | 09:37
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.
Tan Hoang Minh auction exit shines light on transactions
January 27, 2022 | 09:00
The case of Tan Hoang Minh Group suddenly dropping a deposit of $26 million from land plots in Thu Thiem New Urban Area could profoundly impact the real estate market as well as the law related to such auctions.
Auction shock could bring breakthrough for investors
January 26, 2022 | 16:00
The recent auction of four golden land sites in Thu Thiem New Urban Area has increased attention to the country’s land auction process and the issues that financiers may face.
Assessing framework holes in wake of Thu Thiem auction
January 26, 2022 | 10:38
The controversial exit by Tan Hoang Minh Group from an auction for land in Thu Thiem New Urban Area has raised doubts on legal regulations for such events.
Thu Thiem projects gear up for another push forward
October 19, 2021 | 12:30
Two multi-million dollar ventures for Thu Thiem New Urban Area, both backed by South Korean giants, are picking up the pace after this summer’s restrictions fell into the rear-view mirror.
Investors urged to take chance on underground potential
August 26, 2021 | 15:00
Soft ground levels, complex underground pipework, frequent flooding, and lack of incentives are all hindering investors from jumping into underground real estate development and construction in Ho Chi Minh City, despite promising prospects in some areas.
Authorities give long-awaited nod to huge property projects
February 03, 2021 | 14:03
Two long-delayed property ventures in the south and south-central regions of Vietnam have finally been given the go-ahead by authorities.
“Cities within cities” becoming more prevalent across Vietnam
November 06, 2019 | 15:41
Property developers are increasing their interest in integrated large-scale projects and megacities, with the trend continuing to dominate the residential markets of Hanoi, Ho Chi Minh City, and neighbouring provinces.
Thu Thiem auction lures international developers
September 25, 2019 | 11:24
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
August 06, 2018 | 10:41
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.
PM Phuc ordered HCM City authorities to quickly settle Thu Thiem’s protracted land disputes
May 16, 2018 | 11:01
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
May 10, 2018 | 10:05
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.
Nine golden land plots at Thu Thiem New Urban Area aim foreign investment
May 03, 2018 | 15:36
Ho Chi Minh City will auction nine land plots in Thu Thiem urban area to lure more foreign investment to the already bustling real estate scene.
City to auction prime land plots in Thu Thiem new urban area
May 03, 2018 | 10:32
Ho Chi Minh City People’s Committee Chairman Nguyen Thanh Phong has approved a plan to auction the right to use nine so-called “golden” land plots in Thu Thiem new urban area in District 2 with total starting price of VND27 trillion ($1.18 billion).
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