Local cash-strapped property companies have strong expectations on new share issuance as a way to mobilize capital from the improving stock market after the central bank’s announcement to loosen realty loans recently.
Like other securities, prices of the real estate stocks have constantly shrunk in line with dampened confidence among investors over the past year, dragging down the market capitalization of many realty enterprises.
Many realty firms have failed to lure funds from issuing shares to investors due to the stagnant economy and unfavorable stock market, with their stock prices falling below the face value in some cases.
Eximland was unable to become a listed entity as scheduled given tough times last year. The developer asserted in this year’s general shareholders’ meeting that it would continue considering an appropriate time for listing its shares on the Hanoi Stock Exchange (HNX) within the year.
Similarly, Phat Dat Property Development Corporation in 2011 considered issuing 18 million shares to strategic partners as the first option or under the format of depository certificates in the another option. At last, the business had no choice but to give up both plans because of the gloomy stock market.
To replenish business capital, the company intends to continue pursuing the fund mobilization bringing about an additional VND180 billion if successful.
Also with the purpose to seek working capital for business activities, Van Phat Hung JSC is outlining a VND300-billion separate convertible bond issuance scheme with terms of one to three years.
The current increase in property stock prices will improve potential development of these entities, thus helping them entice investors to buy newly-issued securities more easily, said chairman Tran Minh Hoang of Vinaland.
A lot of developers are focusing on seeking capital via bond and share issuance channels in an effort to remedy investment fund shortages they are facing, Hong noted. - Source: Saigon Times
24 thg 4, 2012
Simple Feng Shui Tips for Your Bedroom for Love and Romance
Feng shui is very effective to promote love and romance into your life and family. As feng shui is all about balance we first consider the requirements that the room provides for our self. A good feng shuid bedroom must help one to relax and create positive feelings and also encourage passion and love between the couple.
Your sleeping position must be in your feng shui commanding position so that you are relaxed and can see the door of your bedroom. This will help you to relax well as you know when anyone enters your private space.
Do not face the door or toilet when sleeping and also keep the doors of toilet tightly shut when not in use to avoid flushing of your energy and wealth. It is very easy for anyone to be misled by hanging feng shui paintings for love and romance in bedroom. Available paintings online may refer to erotic and vulgar paintings depicting sex and passion as feng shui art works for bedroom and as many people do not know about feng shui science they may feel this will help in their relationships. Well such paintings are only good for bachelors and single people as well educated and married people prefer simple love symbolic paintings. While dispalying artworks in yoru bedroom for love select feng shui paintings that depict couples or pairs of birds, flowers, fruits, candles; the rule in feng shui paintings for love is to have anything in pair.
Your sleeping position must be in your feng shui commanding position so that you are relaxed and can see the door of your bedroom. This will help you to relax well as you know when anyone enters your private space.
Do not face the door or toilet when sleeping and also keep the doors of toilet tightly shut when not in use to avoid flushing of your energy and wealth. It is very easy for anyone to be misled by hanging feng shui paintings for love and romance in bedroom. Available paintings online may refer to erotic and vulgar paintings depicting sex and passion as feng shui art works for bedroom and as many people do not know about feng shui science they may feel this will help in their relationships. Well such paintings are only good for bachelors and single people as well educated and married people prefer simple love symbolic paintings. While dispalying artworks in yoru bedroom for love select feng shui paintings that depict couples or pairs of birds, flowers, fruits, candles; the rule in feng shui paintings for love is to have anything in pair.
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| Feng Shui Painting for Love and Happiness by Rizwana Mundewadi |
Try to avoid having objects, furniture or paintings that will make you uncomfortable or uneasy. The main feng shui rule for bedroom is that your bedroom is a place for relaxation after a days work and you need to replenish your energy with a good nights sleep or after noon nap. Even objects that are single like a single vase or one table is not good. Always have two side tables for both the partners. Prefer to have two of anything so that you give the message to your brain that the bedroom is made for two people. This is also an important feng shui tip for people who are single and wish to get married soon. Two pillows, two lamps and two paintings or a feng shui painting depicting two vases or pots is considered very auspicious. Feng shui paintings of birds in pairs and flowers in pairs are also considered very auspicious to attract love and romance.
Your bedroom is the most important place for both of you and it must have things and furniture that you feel comfortable with. The things that you see and observe or smell will affect your relationships and feng shui for love sure works! if you observe paintings of single tree or dry landscape then your mood will also be affected with this and you will begin to feel lonely and depressed. Try to avoid any water features or paintings having water as this creates confusion. Also avoid real plants even if your south or south eats or your best prosperity corner falls in your bedroom. Instead have a feng shui paintings displayed here that will symbolically represent plants, wood or water element in your feng shui bedroom.
Feng Shui Furniture and Decor Style Tips
Furniture displayed in your home indicates your personal choices and preferences. It represents your identity and the home owners nature and personality. Feng shui style furniture or keeping in mind certain feng shui rules while selecting furniture will help you to increase the ambience of your home and welcome good health and prosperity.
Feng shui applied in any place welcomes positive energy which in turn promotes well being and wealth coming into your home. I would like to mention feng shui furniture in three basic terms, simple, graceful and elegant. Any furniture piece has to have simple cuts and the basic model has to be practical and useful. In feng shui we encourage furniture that is useful and convenient. Any furniture piece displayed in your living room or any room of your home or office has to serve its purpose. Furniture lying idle , just for decorative purposes is not good as this will accumulate negative chi and disturb the environment. Furniture has to have simple cuts and design and avoid sharp corners or edges. We also prefer round or oval pieces as compared to furniture having sharp edges. Even rectangular or square tables or beds can have rounded corners to avoid poison arrows emmitted from them.
Select furniture with soft colours and in feng shui we prefer to have all furniture with few colours. Especially the Chinese and Japanes style furniture is made of red, black and embellished or decoarted with gold. These colours are symbolic and represent growth, good health and prosperity. I like the Chinese red tables that are painted with dragons or carved with dragon figures in red and gold. Many times my feng shui paintings have these colours in feng shui paintings used as cures. These furniture pieces are very attractive and sufficient to enliven any environment.
In feng shui when we select furniture the basic rule is less is more. Minimalistic furniture, clean designs and attractive feng shui symbolic paintings all increase the feng shui energy of your home and welcome prosperity and grace.
Placement of furniture according to feng shui principles is very important to balance the energy fields of your home or office. Consider the five elements when selecting furniture for your home and bring home good wealth luck. So have wooden furniture for the east and the south east to activate the small wood and big wood area of your home. This will activate wealth and prosperity corner of your home and bring about good money flow and career growth in your life in terms of successful financial deals and increased income. Whereas for the north have rounded furniture with metal element or have a water feature to encourage career and wealth luck.
Feng shui applied in any place welcomes positive energy which in turn promotes well being and wealth coming into your home. I would like to mention feng shui furniture in three basic terms, simple, graceful and elegant. Any furniture piece has to have simple cuts and the basic model has to be practical and useful. In feng shui we encourage furniture that is useful and convenient. Any furniture piece displayed in your living room or any room of your home or office has to serve its purpose. Furniture lying idle , just for decorative purposes is not good as this will accumulate negative chi and disturb the environment. Furniture has to have simple cuts and design and avoid sharp corners or edges. We also prefer round or oval pieces as compared to furniture having sharp edges. Even rectangular or square tables or beds can have rounded corners to avoid poison arrows emmitted from them.
Select furniture with soft colours and in feng shui we prefer to have all furniture with few colours. Especially the Chinese and Japanes style furniture is made of red, black and embellished or decoarted with gold. These colours are symbolic and represent growth, good health and prosperity. I like the Chinese red tables that are painted with dragons or carved with dragon figures in red and gold. Many times my feng shui paintings have these colours in feng shui paintings used as cures. These furniture pieces are very attractive and sufficient to enliven any environment.
In feng shui when we select furniture the basic rule is less is more. Minimalistic furniture, clean designs and attractive feng shui symbolic paintings all increase the feng shui energy of your home and welcome prosperity and grace.
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| Feng Shui Painting By Healing Artist Rizwana Mundewadi |
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| Feng Shui painting for Love by Rizwana Mundewadi |
23 thg 4, 2012
Property firms in Danang expect better liquidity
Similar to project owners in HCM City, property developers in Danang are mired in troubles and have to launch promotion programs to lure buyers, but the market there has recently shown positive signals.
Adam Bury, senior manager of research and consulting department at the research firm CB Richard Ellis Vietnam (CBRE), noted that though the real estate market is causing many difficulties to investors, the macro-economy has seen signs of optimism, which would help regain confidence of buyers.
He cited a market research conducted in Danang, saying that a slight change in prices has occurred in the luxury apartment segment of the central city in the first quarter, yet offering prices remained stable. Trading mostly took place in the mid-end segment, with 310 transactions recorded at the property projects along the coast or in the city’s downtown.
The apartment market of Danang is quite small compared to other cities, with only 2,500 apartments, including 300 luxury units priced at US$2,975 per square meter, some 1,000 high-grade units priced at US$1,786 a square meter and around 1,200 mid-end units at US$937 each square meter.
“The market has shown positive signals,” said Bury, adding these signals, albeit modest, had important meaning as they indicated changes in the market after 1% of the supply had been traded.
According to CBRE, several trading contracts were terminated by project owners in Danang, as well as other localities. However, such contracts were later replaced by new transactions in the first quarter.
Homebuyers are interested in completed apartments and near-completion ones, or those with guaranteed construction progress.
Meanwhile, transactions remained the same in the villa segment since new transactions equaled those cancelled by project owners. There are currently 572 units in this segment, with unchanged offering prices in the first quarter.
In the resort segment, renowned developers have more advantages in attracting customers.
Hyatt Regency Danang Residences, a resort project developed by Indochina Land, has recorded good sales as 22 out of the total 27 villas have been sold at VND28-40 billion per unit. In addition, trading is quite favorable at the apartment blocks of the project, consisting of 156 high-end apartments priced at VND4-15 billion each, 90% of which has been occupied.
Michael Piro, sales and marketing director of Indochina Land, said 62% of the investors in Hyatt Regency Danang Residences was from Hanoi, 18% was from HCMC and 12% was foreign investors.
Indochina has joined hands with Sotheby’s International Realty to enhance marketing and sales activities. Through a multinational office network of Sotheby’s International Realty, the projects of Indochina Land, such as The Nam Hai, Six Senses Con Dao, Hyatt Regency Danang Residences, and the villa section The Estates of the golf course Montgomerie Links, will be introduced to potential customers in foreign countries.
Piro, who is also country director of Vietnam Sotheby’s International Realty, said his company would expand the sales network to the global market in order to lure attention of international buyers in Vietnam’s realty market. Recently, two villas of The Nam Hai and one coastal villa of Hyatt Regency Danang Residences have been successfully sold.
According to CBRE, an additional 133 villas from three new projects in Danang will be offered for sale this year, at US$500,000-800,000 each. Meanwhile, the apartment segment will welcome 217 new units priced at US$700-1,500 per square meter.
Although the monetary tightening policy remained in place last quarter, several transactions were recorded in the villa segment, meaning a part of the society still has abundant and available assets, said CBRE. It is expected that when the monetary policy is loosened, the liquidity of the central property market will prosper. - Source: Saigon Times
Adam Bury, senior manager of research and consulting department at the research firm CB Richard Ellis Vietnam (CBRE), noted that though the real estate market is causing many difficulties to investors, the macro-economy has seen signs of optimism, which would help regain confidence of buyers.
He cited a market research conducted in Danang, saying that a slight change in prices has occurred in the luxury apartment segment of the central city in the first quarter, yet offering prices remained stable. Trading mostly took place in the mid-end segment, with 310 transactions recorded at the property projects along the coast or in the city’s downtown.
The apartment market of Danang is quite small compared to other cities, with only 2,500 apartments, including 300 luxury units priced at US$2,975 per square meter, some 1,000 high-grade units priced at US$1,786 a square meter and around 1,200 mid-end units at US$937 each square meter.
“The market has shown positive signals,” said Bury, adding these signals, albeit modest, had important meaning as they indicated changes in the market after 1% of the supply had been traded.
According to CBRE, several trading contracts were terminated by project owners in Danang, as well as other localities. However, such contracts were later replaced by new transactions in the first quarter.
Homebuyers are interested in completed apartments and near-completion ones, or those with guaranteed construction progress.
Meanwhile, transactions remained the same in the villa segment since new transactions equaled those cancelled by project owners. There are currently 572 units in this segment, with unchanged offering prices in the first quarter.
In the resort segment, renowned developers have more advantages in attracting customers.
Hyatt Regency Danang Residences, a resort project developed by Indochina Land, has recorded good sales as 22 out of the total 27 villas have been sold at VND28-40 billion per unit. In addition, trading is quite favorable at the apartment blocks of the project, consisting of 156 high-end apartments priced at VND4-15 billion each, 90% of which has been occupied.
Michael Piro, sales and marketing director of Indochina Land, said 62% of the investors in Hyatt Regency Danang Residences was from Hanoi, 18% was from HCMC and 12% was foreign investors.
Indochina has joined hands with Sotheby’s International Realty to enhance marketing and sales activities. Through a multinational office network of Sotheby’s International Realty, the projects of Indochina Land, such as The Nam Hai, Six Senses Con Dao, Hyatt Regency Danang Residences, and the villa section The Estates of the golf course Montgomerie Links, will be introduced to potential customers in foreign countries.
Piro, who is also country director of Vietnam Sotheby’s International Realty, said his company would expand the sales network to the global market in order to lure attention of international buyers in Vietnam’s realty market. Recently, two villas of The Nam Hai and one coastal villa of Hyatt Regency Danang Residences have been successfully sold.
According to CBRE, an additional 133 villas from three new projects in Danang will be offered for sale this year, at US$500,000-800,000 each. Meanwhile, the apartment segment will welcome 217 new units priced at US$700-1,500 per square meter.
Although the monetary tightening policy remained in place last quarter, several transactions were recorded in the villa segment, meaning a part of the society still has abundant and available assets, said CBRE. It is expected that when the monetary policy is loosened, the liquidity of the central property market will prosper. - Source: Saigon Times
Vingroup, MB join hands to support homebuyers
Under the agreement signed last Thursday, those who buy villas in Vincom Village can access loans worth 80% of the contract values. Particularly, customers will enjoy a lending rate of 10% per annum in the first six months, and the annual rates at five percentage points lower than bank interest rates in another six months.
Le Khac Hiep, vice chairman of Vingroup, said the cooperation agreement represented the effort to accompany customers in the current tough times in order to create optimal conditions for customers to access capital.
Covering more than 183 hectares in Long Bien District, Hanoi, Vincom Village got off the ground in May 2005. The first phase of the project has been completed.
The entire 1,000 villas of the project are now available to customers. Other auxiliary facilities such as Vincom Center Long Bien, international schools, sports centers, entertainment areas and parks have also started service. - Source: Saigon Times
HoREA seeks nod for property mortgages at foreign banks
The HCM City Real Estate Association (HoREA) has drawn up a petition suggesting certain solutions to the troubled property market, in which the association seeks permission for real estate mortgages at overseas banks.
The prevalent Land Law only allows land users to mortgage their land use rights or the properties developed on the land at the credit institutions operating in Vietnam.
There is no regulation on property mortgages at the banks in foreign countries to borrow capital or execute the joint-venture projects in Vietnam. This narrows the channels to mobilize capital from abroad into the local realty market, said HoREA chairman Le Hoang Chau.
In its petition, HoREA also suggests relaxing the requirements for foreigners to purchase apartments of commercial housing projects.
Under the pilot model allowing foreign organizations and individuals to possess houses in Vietnam, foreigners currently working in Vietnam are permitted to own commercial apartments in at most 50 years, provided that buyers have residence cards with terms of one year or above and do not enjoy diplomatic and consular privileges and immunities.
Such regulations restrict the number of foreign homebuyers, thus should be loosened, said HoREA. - Source: Saigon Times
The prevalent Land Law only allows land users to mortgage their land use rights or the properties developed on the land at the credit institutions operating in Vietnam.
There is no regulation on property mortgages at the banks in foreign countries to borrow capital or execute the joint-venture projects in Vietnam. This narrows the channels to mobilize capital from abroad into the local realty market, said HoREA chairman Le Hoang Chau.
In its petition, HoREA also suggests relaxing the requirements for foreigners to purchase apartments of commercial housing projects.
Under the pilot model allowing foreign organizations and individuals to possess houses in Vietnam, foreigners currently working in Vietnam are permitted to own commercial apartments in at most 50 years, provided that buyers have residence cards with terms of one year or above and do not enjoy diplomatic and consular privileges and immunities.
Such regulations restrict the number of foreign homebuyers, thus should be loosened, said HoREA. - Source: Saigon Times
Bank loans are still inaccessible, say realty firms
Despite the State Bank of Vietnam (SBV)’s announcement on the loosening of the tightened credit valve targeting the real estate sector a fortnight ago, industry players say loans are still beyond their reach, while their projects remain sluggish.
A number of realty businesses said their loan applications have been rejected by banks for a myriad of reasons.
One such company, Le Thanh Co, was told that its application needs to be approved by the credit committee of the bank’s branch first, and then that of its headquarters.
“Even when it is approved, it will take at least several months to receive the money,” said Nghia.
He added that the company’s project, Le Thanh Twin Towers, is still under construction. Most of the 500 billion dong need for the project is sourced from the company itself, and bank loans make up only 24 billion dong.
“We only want to borrow another 50 billion dong, just in case the market remains frozen,” he explained.
Similarly Le Tan Hoa, CEO of Lilama SHB, said the company badly needs capital to proceed with its two unfinished projects.
“Yet the banks all turned me down, saying they have to wait for guidance from the central bank in offering loans to realty firms,” said Hoa.
“Banks will either refuse to lend you money, or give the excuse that they are restructuring business debts,” said Nguyen Bao Hoang, deputy CEO of Thu Duc Housing Development JSC.
“Some banks require borrowers to have a stable source of revenue to be eligible for loans,” he added.
A bit luckier is Duc Khai JSC, who recently inked a deal with Vietinbank on a credit package offered to customers of the former’s Era Town project in HCM City’s District 7.
Customers will be offered loans worth 70 percent the value of the apartment they are to buy, said the company’s CEO Nguyen Ngoc Lam.
“Vietinbank also promised 1.2-trillion dong in credit assistance to speed up the project construction.”
Waiting for lower rates
“Real estate prices have reached their bottom over the last few years, providing a good chance for customers like us,” said Thuy Linh, who recently purchased a 70-squar-meter apartment from The Era Town project.
Linh said she was only able to make up her mind when Vietinbank offered the credit help, adding however that she is concerned about the high interest rate.
“If lending interest rates do not go down in the future, it will be a problem for civil servants like us,” she said.
Hoang Anh Tuan, CEO of Tac Dat Tac Vang, said the largest issue for the realty market is weak liquidity.
Thus, customers should be provided with loans to enable them to buy houses, he said.
Though real-estate has been removed from the non-encouraged sectors for lending, interest for this sector still remain high, businesses complained.
“A bank promised to consider lowering the rate for my old loans, but then quickly disappeared,” said Hoang of Thu Duc Housing Co. - Source: Tuoi Tre
A number of realty businesses said their loan applications have been rejected by banks for a myriad of reasons.
One such company, Le Thanh Co, was told that its application needs to be approved by the credit committee of the bank’s branch first, and then that of its headquarters.
“Even when it is approved, it will take at least several months to receive the money,” said Nghia.
He added that the company’s project, Le Thanh Twin Towers, is still under construction. Most of the 500 billion dong need for the project is sourced from the company itself, and bank loans make up only 24 billion dong.
“We only want to borrow another 50 billion dong, just in case the market remains frozen,” he explained.
Similarly Le Tan Hoa, CEO of Lilama SHB, said the company badly needs capital to proceed with its two unfinished projects.
“Yet the banks all turned me down, saying they have to wait for guidance from the central bank in offering loans to realty firms,” said Hoa.
“Banks will either refuse to lend you money, or give the excuse that they are restructuring business debts,” said Nguyen Bao Hoang, deputy CEO of Thu Duc Housing Development JSC.
“Some banks require borrowers to have a stable source of revenue to be eligible for loans,” he added.
A bit luckier is Duc Khai JSC, who recently inked a deal with Vietinbank on a credit package offered to customers of the former’s Era Town project in HCM City’s District 7.
Customers will be offered loans worth 70 percent the value of the apartment they are to buy, said the company’s CEO Nguyen Ngoc Lam.
“Vietinbank also promised 1.2-trillion dong in credit assistance to speed up the project construction.”
Waiting for lower rates
“Real estate prices have reached their bottom over the last few years, providing a good chance for customers like us,” said Thuy Linh, who recently purchased a 70-squar-meter apartment from The Era Town project.
Linh said she was only able to make up her mind when Vietinbank offered the credit help, adding however that she is concerned about the high interest rate.
“If lending interest rates do not go down in the future, it will be a problem for civil servants like us,” she said.
Hoang Anh Tuan, CEO of Tac Dat Tac Vang, said the largest issue for the realty market is weak liquidity.
Thus, customers should be provided with loans to enable them to buy houses, he said.
Though real-estate has been removed from the non-encouraged sectors for lending, interest for this sector still remain high, businesses complained.
“A bank promised to consider lowering the rate for my old loans, but then quickly disappeared,” said Hoang of Thu Duc Housing Co. - Source: Tuoi Tre
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