News
Housing starts in U.S. probably fell in June to 17-year low
Builders probably broke ground in June on the fewest houses in 17 years, signaling the real- estate recession will keep hurting growth, economists said ahead of a government report today.
Eden Real opens Saigon South office
Real estate company Eden Real yesterday opened its first office in Phu My Hung in Ho Chi Minh City's Saigon South.
Starbay to increase capital to US$1.8 billion
Starbay Vietnam Co. has received approval from the Mekong Delta province of Kien Giang.to increase its investment in a resort project on Phu Quoc Island from nearly US$ 1.65 billion to US$ 1.8 million.
Work to start on US$1.2-billion software park tomorrow
TA Associates Vietnam Limited will commence work on a US$1.2-billion software park in Thu Thiem new urban area on Saturday, more than a month after it received an investment certificate.
Korean eyes real estate
Taeil S&D, a subsidiary of South Korea's Shindo Industrial Development, has expressed intention to invest in three areas in the new urban center of Thu Thiem in HCM City with total capital of US$900 million. According to Nguoi Lao Dong, the company will develop 6,500 apartments in Binh Khanh Ward of District 2 and sell to HCM City authorities for resettlement of residents in Thu Thiem. Other developments are eight office, commercial and apartment buildings.