Among the run-down ones is the two storey metal roofing building at 137 Ly Thuong Kiet street in Tan Binh district, built before 1975. The building at 43 Binh Tay street in the district is also in the same destiny. The family of Ms. To Le Hue have lived there for 40 years. Not long ago, a concrete debris fell down in the corridor in front of her apartment, slightly hurting a family member. Mr. Vuong Thach Phat said that living in the old apartment block just like living with the death but they have no choice. Local dwellers would remove out of the building if authorized agencies publicize removal time, temporary residence and resettlement assistance policies. Another apartment building in the list of severely downgraded ones locates at 47 Long Hung street in Tan Binh district, comprising 30 apartments measuring 20 square meters each built in the 1960s. Ms. Nguyen Thi Be Hai in her apartment at 137 Ly Thuong Kiet street (Photo: SGGP) Nearby, the building at 40/1 Tan Phuoc street is … [Read more...] about HCMC humbles about upgrading old apartment blocks
Latham square apartments
Viet Nam News HÀ NỘI — The lack of a clear legal framework managing the operation of apartment buildings has been blamed for disputes among home buyers, investors and building management boards, a Ministry of Construction official said at a conference yesterday. Deputy Director of the Housing and Real Estate Market Management Agency under the Ministry of Construction, Hà Quang Hưng, said that in some cases, home buyers and investors failed to reach an agreement on how to calculate the area of a building’s apartments and public spaces because of vague regulations. In other cases, current regulations were not strict enough to deter investors unlawfully transferring projects or violating rules on real estate trade or fire prevention, Hưng said. Government bodies, investors, management boards and even home buyers in some cases failed to fulfill their obligations, he said. In some cases, home buyers signed an apartment purchase contract with … [Read more...] about Laws needed on apartment building management
Viet Nam News ĐÀ NẴNG — The central city of Đà Nẵng has proposed selling 10,000 apartments under State ownership to pay for new housing projects in 2020-30. Deputy director of the city’s construction department, Nguyễn Văn Nam, said the proposal was discussed in a meeting between the city and the ministry of construction last week. Nam stated that the city and the ministry agreed to submit the plans to the Government for approval. He said the department was managing 10,000 apartments including old buildings and apartments for lease. “We asked the ministry to review the legal framework for the sale of 10,000 apartments in the coming years. This would provide investment funds for developing new social housing projects,” Nam said. “The city has been seeking funds to build more houses and apartments for low income residents and housing programmes in 2020-30. The city’s population is expected to increase to … [Read more...] about 10,000 apartments set for sale in Đà Nẵng
Living in the Kim Lien apartment complex was once a dream for most Hanoians, since its conveniences were among the best during the last century. In the 1954-1965 period, the Kim Lien apartment complex was among the highest-quality constructions in Hanoi, erected with the help of foreign experts from communist countries, mainly North Korea. The apartment complex was constructed with the support of North Korean experts between 1959 and 1965, according to Dao Ngoc Nghiem, architect and former director of Hanoi Department of Planning and Architecture. The Kim Lien apartment complex is now fully included in the central district of Dong Da. The old complex includes three zones. Zone A is now the Kim Lien Hotel, Zone B is now the Kim Lien apartment building and zone C is the Vietnam – North Korea friendship kindergarten. The apartment complex used to have 38 four-storeyed buildings and several public constructions. It used to accommodate 2,600 households with a standard area of eight … [Read more...] about Venerated apartment complex in Hanoi a North Korean inspiration
Who are the owners of luxury apartments in District 1? A view of The Grand Manhattan, a luxury apartment project in downtown HCMC The just-launched Grand Manhattan has become the center of splendor due to its luxury apartments being located in downtown HCMC, which are not easy to own. From international investors Elena Goh, a Singaporean real estate investor, is one of the first owners of apartments at The Grand Manhattan, “HCMC is a market my husband has eyed for ages. So we decided to purchase apartments as soon as the project was introduced to the market. Compared with other property markets which I have invested into such as Hong Kong, apartments in HCMC have a much lower price and profit margins reach 4%-5%, compared to Hong Kong’s 1%-2%.” As an experienced real estate investor, Elena Goh said, “In Hong Kong and Singapore, profit growth of luxury properties tend to be stable. I believe that profits from real estate projects in HCMC, which is an … [Read more...] about Who are the owners of luxury apartments in District 1?