Real estate trading: investors have to wait for … regulations
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Many investors want to set up businesses at this moment as the real estate market has been warming up since mid 2006, promising profitable trading deals. The director of a real estate trading firm said that the two waves of ‘land price fever’, in which the land price increased sharply by 50-100%, have brought fat profit to traders. Meanwhile, the demand for office leasing is also very high. According to the HCM City Planning and Investment Department, the department granted business registration certificates to 239 real estate firms every month in 2006, while the figure rose to 263 in 2007. The number of real estate trading firms accounted for a large proportion of the newly registered businesses. More : english.vietnamnet.vn |