Archive | September, 2010

Started construction of B7 Giang Vo Buildings

25 Sep
VNREThis morning (25/9), in Hanoi, the Mefrimex Investment & Technology Development Joint Stock Company (MEFRIMEX) held a ceremony to start construction of B7 Giang Vo buildings at No.9 Tran Huy Lieu street, Ba Dinh district, Hanoi.
B7 Giang Vo will be built on an area of 2237.5 m2, in which the total floor area is 25.071m2. As designed, the buildings will be composed of 2 towers, having 16-19 storeys each and 4 basements with the capacity of 110 cars…

B7 Giang Vo was designed by a joint venture of consultants, such as: GMP International Consulting Group (Germany); Consultancy Company of University of Civil Engineering (CCU); Vietnam Investment Consulting and Construction Designing JSC. Supervising the construction of this project is the Institute for Science and Technology (Ministry of Construction).

B7 Giang Vo is expected to be completed within 36 months of implementation.

OSC Land Building

24 Sep

Ha Duy/VNREOSC Land is the apartment building which is located at the corner of Vo Thi Sau and Ho Quy Ly street, nearby Bau Sen lake and only 150m away from Thuy Van beach.

The total area of the project is more than 4.000 m2 and its construction’s density is about 45%. As designing, OSC Land is the twin 21-storeys building which have the platform and 2 basements in common. The ground-floor is for services, commercial and community activities. There is an outside swimming pool of 300 m2 on the platform between the two towers. The project will supply 508 apartments with the square from 40 to 117 m2 when it is completed. Each apartment is all equipped the necessary devices and the luxurious interior, modern comforts, spacious living make this place to be the best for the second home, satisfying the vacation’s needs of the owner.

Project Information

  • Investor: OSC Land
  • Total investment: 500 billion VND
  • Location: 110 Vo Thi Sau street, at the corner of Vo Thi Sau and Ho Quy Ly street, Thang Tam ward, Vung Tau city
  • Total area construction: 4.300 m2 (construction’s density: 45%)
  • Total construction floor: 41.566 m2
  • Height: 21 storeys (2 basements with total area of more than 5.000 m2)
  • Estimated completed time: Quarter III, 2012.

For further information, please contact:

OSC Real Estate Investment Development JSC
Address: 02 Le Loi street, Ward 1, Vung Tau city.
Tel: 84.64.2211 248 – Hotline: 84.91 318 1586
Website: – Email:

Binh Dinh: 1,500 billions to build the Sai Gon Phu Gia complex buildings

23 Sep
VNREThis morning (23-9), in Ly Thuong Kiet Ward, Quy Nhon City, the Sai Gon Phu Gia Investment Corporation held a ground breaking construction of the Sai Gon Phu Gia complex buildings. This project is built on a “golden land” wide 10,748m2, in the center of Quy Nhon. The Sai Gon Phu Gia buildings consist of 3 blocks (high from 17 to 25 storeys). The highest building is 92m, including 25 storeys and two basements.
Total investment of the project is 1,500 billion and the expected project implementation period is 5 years.

When completion, the Sai Gon Phu Gia complex buildings will not only contribute to solve the needs of office for domestic and foreign enterprises, but also contribute to form an modern trade center and highclass apartment for residents in Quy Nhon City and the surrounding areas.

Credits to Vietnam Real Estate Sector Rise to $10.8B by End-July

22 Sep
VNRECommercial banks in Vietnam had lent a total of VND210.77 trillion ($10.82 billion) to the real estate sector by the end of July with a bad debt ratio of below 2%, the Ministry of Construction (MoC) said.
The seven-month credits rose 14.38% from a year earlier, in which loans for housing building and repairing were up 5.47% versus last year’s surge of 27.2%.

Loans for new urban area development projects, however, fell 2.35% in the period, compared to a growth of 10.2% last year. High interest rate of above 13% per annum is a major reason for the decrease.

Local banks have tightened real estate lending over fear of repayment risks, slowing credit growth for the property sector.

Pham Trung Cang, a credit official at Asia Commercial Bank, said the real estate market has “hidden risks.”

Developers take out loans to build their projects, and then home buyers get mortgage loans secured by the same properties that are developed using bank loans. That is too risky, Cang said.

Dam The Thai, director of the individual customer department at ABBank, said home buyers are always “at a disadvantage” when they make advance payments for properties whose construction has not been finished.

Commercial banks are cautious with home loans in such cases, Thai said.

In the first eight months of this year, total outstanding loans of local banks rose 16.27%, including an increase of 3.31% in August.

Source: VnExpress

Thao Dien Pearl – Where life harmonizes

21 Sep

VNRE – A harmonized blend of high-rises and premium villas. A view of greeneries surrounded by plantations and rivers. A fully-furnished, conveniently located place, surrounded by shopping malls, connected by metro tram lines and main traffic routes… All define a class of living – Thao Dien Pearl. Get to know it!


Within minutes using the metro tram service, you are downtown. Do not miss out on any party because of traveling or traffic jams. Being so conveniently located, it is a common destination and allows you to get everywhere with ease. Modern infrastructure is a pride in any of your conversations. Distance will no longer be a reason for losing touch with friends as they can easily visit you and vice versa. For you, there is never a feeling of isolation.


Only 5 minutes of metro tram service, you are in downtown. Distance should no longer be an excuse for your absence at friend catch-up, as they will just come to your place. To you, does distance really exist?

Metro lines & station

From the first metro station at Ben Thanh, you will be in Thao Dien station in 5 minutes. There is not even enough time to skim through a news column. Try to snap as many photos as you possibly can within that short time. Is it Saigon or New York?

City infrastructure

The apartment – super market – service complex with basement parking being connected with city’s infrastructure projects, will meet all your requirements of location, services and amenities. With our infrastructure advantages of being a part of the development plan of Ho Chi Minh City, you can be proud of experiencing the most advanced amenities. This is class. We’ve chosen this land, to build and fill up your dreams. We understand and we build for you.


Each day of our lives consists of wonderful discoveries. While it takes only minutes to discover your desires are all around, you can’t be left lonesome. How comfortable it is when all the amenities are within walking distance. Everything is designed for you.


Nowhere else but at at Thao Dien Pearl can you find a place that divertas all of our concerns to the most important element – you.

The best services are brought to you under the supervision of international professional management, for a quality you deserve. We call that our excellent standard.

– Electronic security cards: your personal safety is our top concerns. With electronic security cards, you can have peace of mind in your apartment and within the boundaries of serviced area.
– Kindergarten: International standard kindergarten offers your children the best care and study environment.
– Gym: we care about your health, through a modern gym and a swimming with quiet surroundings.
– Laundry room: self-service laundry with coin-operated washing machines makes laundry fun or is simply a place to chat with your neighbors.

More than ever, you will receive our best support in even the smallest matters, with clear instructions.

At Thao Dien Pearl, your life is truly about relaxing and comfort.


2 convenient parking basements will remove the inconvenience of parking from you and your visitors.

Shopping center

With just a scarf on your shoulder, you could be the centre of attention. With a pair of genuine Italian shoes in a conference, there is no doubt about your fashion sense. And when a shopping center with fashion stores, entertainment, food and beverage is directly connected to a metro station, there is no reason to resist your desire.

All the world class fashion brands are here to satisfy your fashion desires, and of Thao Dien Pearl’s residents and the entire Thao Dien neighborhood. It is hard to tell if you define fashion or vice versa.


SSG Group is proud to develop ThaoDien Pearl with a capable crew of Vietnamese architects and engineers who work not only with competence, but also with hearts and comprehensive understanding of the land.

That explains why the development is such a landmark in the entire Thao Dien area, a unique design that blends into the surrounding neighborhood. This is the first 30+ building project that is 100% Vietnamese financed.

ThaoDien Pearl is really a shining pearl that we are proud to add into our portfolio.

For further information, please contact:

S.S.G Group Joint Stock Company
Add: 92 Nguyen Van Troi Sstreet, Ward 8, Phu Nhuan District, HCMC
Tel: 84.8.3845 1720 – 3845 1723 – Fax: 84.8.3845 1732 – 38.451.921

Opening the EverRich II Showroom

20 Sep
VNREOn 9/18/2010, Phat Dat Real Estate Development Corporation held a solemn opening ceremony EverRich II Showroom at Phu Thuan Ward, District 7.
This is the largest model house system in Vietnam at present with more than 4.000m2 building floor area, including five luxury apartments and offices, facilities and modern service. With the reputation and brand of the owner (Phat Dat Real Estate Development Corporation – Ticker: PDR), the first phase of sales for the first 300 apartments were ordered within four weeks.

After more than six months construction, the EverRich II Showroom was officially launched and welcome visitors. Attending the opening ceremony of the EverRich II Showroom included local administration and the 500 invited guests such as partners, customers, investors and media agencies interested in the project.

At the ceremony, Mr. Nguyen Van Dat – General Director, representatives of the Phat Dat Corporation expressed to introduce the EverRich II project and model house system. Besides, Mr. Dang Ngoc Tung – President of Labor Federation of Vietnam, Mr.Nguyen Thanh Trieu – Chairman of District 7 and Mr.Le Hoang Chau – Chairman of HCMC Real Estate Association, also spoke congratulation. On this occasion, the Phat Dat Corporation given 100 houses of gratitude for the Ho Chi Minh City Youth Union, donated 500 million to the District 7’s poor people fund and 300 million shelters fund of the Labor Federation of Hochiminh City.

Reported by Ngoc Suong – VinaCorp.

Mövenpick re-opens Saigon hotel, looks for more projects

20 Sep
VNRESwiss hotel group Mövenpick on Thursday celebrated the grand re-opening of the property under its management in HCMC following a US$15-million renovation, and unveiled its concentration on more projects in this potential market.
“We’re looking to manage at least two more hotel projects in Vietnam and will give our top priority to a seaside resort,” Andreas Mattmüller, chief operating officer of Mövenpick Hotels and Resorts in the Middle East and Asia.

Mattmüller shared the group’s aim for the Vietnamese market after a ribbon-cutting ceremony for the grand opening of its Mövenpick Hotel Saigon on Nguyen Van Troi Street in HCMC’s Phu Nhuan District.

Mattmüller said Mövenpick had contacted some hotel project developers in Vietnam and would announce the result in the near future.

Mövenpick is eyeing Nha Trang, Danang, Hue and Hoi An in central Vietnam and the resort city of Dalat in the Central Highlands region as part of the group’s plan to expand its presence out of HCMC and Hanoi, Mattmüller told a press conference before the ribbon-cutting ceremony.

With the re-opening of its hotel in HCMC after five months of renovation, Mövenpick Hotels & Resorts now manages two operational upscale hotels for both business and leisure travelers in Vietnam.

The Mövenpick Hotel Saigon has been redesigned in style with a new lobby design taking shape around four incandescent, central pillars and a home for business travelers. Twenty-seven new rooms bring the hotel’s total number to 278 in Superior, Deluxe, Premium, Family and Executive Club categories.

“HCMC is the second fast growing city in the developing world, and that means business men and women are arriving here in droves, pretty much 24/7,” said Knuth Kiefer, general manager in Vietnam for Mövenpick Hotels and Resorts.

“With these upgrades, we have kept pace in terms of amenity and technology while providing business and leisure travelers a respite from city life that is at once hip, serene and accommodating,” he added.

The new Mövenpick Hotel Saigon has restaurants serving international foods, especially Japanese and Chinese specialties as well as a wide selection of drinks. “Our restaurants, bars and lounges will all draw from one of the largest wine lists in Vietnam – more than 300 labels,” Kiefer said.

A Wellness Studio at the luxury hotel offers privacy and individual treatments over sheer expanse, ubiquitous mirrors and televisions.

In addition to new facilities, Kiefer said the Mövenpick Hotel Saigon was a good hotel for those who take early and late flights as the property is five minutes from Tan Son Nhat International Airport.

Kiefer presided over the 2008 renovation of Mövenpick’s sister property, the Mövenpick Hotel Hanoi that features a similar blend of the modern and traditional of East and West.

Reported by Mong Binh – The Saigon Times Daily