If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
Vietnam - Sizzling tourist trade fires up property prices in hot Hoi An
http://vietnamnews.vnanet.vn
Friday, January 30, 2004 Sizzling tourist trade fires up property prices in hot Hoi An Duong Quang HOI AN — A growing tourism trade has led to climbing land prices in the historic town of Hoi An. The rise has come following a National Assembly decision to upgrade the town's two coastal communes to wards. Land prices have risen sharply on many streets in the new wards, Cam Chau and Cam An, which link the Cua Dai (Dai Estuary) with Hoi An. Pham Ngoc Xuan has decided to sell his 1,300sq.m plot in Cam Chau for VND3 million per square metre. "The price will be higher in the near future. You'll regret if you don't buy it now," he told a HCM City native who later agreed to buy it. At such prices, land in Cam Chau is even more expensive than in Da Nang. "Can you make profits with a hotel in Da Nang? Here you can be rich very quick," Xuan said. Land prices are much higher in Cam An, with prices climbing as high as VND7 million (US$448) per square metre, nearly 10 times the price a few years ago. But finding land to meet the demand for business or tourism is becoming difficult. The most beautiful plots in Cam An are now tourism projects that include new hotels and restaurants. Among the most expensive sites are new business streets in Hoi An where many hotels are being built by overseas Vietnamese by Viet kieu (Overseas Vietnamese) and business people from Ha Noi and HCM City, for hire to expatriates. Located 30km south of Da Nang along Quang Nam Province's central coast, Hoi An will soon be a modern city, many business people predict. The tourism business in Hoi An has enticed many people hoping to earn big profits. The Quang Nam People's Committee recently decided to stop issuing permits for construction of mini-hotels in Hoi An because it said the town had enough hotel rooms. "We'll try to build a hotel of a three-star standard. Local authorities will not refuse permits for a three-star hotel, " said one Hoi An newcomer. One town resident is preparing to sell his house on Huynh Thuc Khang St., one of the streets leading to Hoi An, to buy a house in the old town. "Tourism prospers in Hoi An. Huynh Thuc Khang St. is not good for business," he said. But prices of Hoi An's old houses are very high. Along Tran Phu and Nguyen Thai Hoc streets are several well-preserved homes dating to the 17th, 18th and 19th centuries. Their architecture is a medley of Japanese, Chinese and Vietnamese styles. Resident Nguyen Thi Diep has advertised to sell her 160-year old house, covering 113square metres on Tran Phu St., at the cost of VND3.6 billion. If she can sell the house at that price, she will have enough money to buy two villas in Da Nang. A house about 100m from Diep's house but larger, covering 180sq.m, was recently sold for VND3.8 billion. "Many smaller houses, about 60 sq.m, have been sold at VND1.2 billion," Diep said. "But it's difficult to do business with small houses." The collapse of three historic houses in Hoi An's Bach Dang St. last year heightened concerns for hundreds of the town's buildings, which have suffered centuries of decay. Many people have plans to sell their old houses because of the shortage of money for renovation. At least 10 houses on Tran Phu St. are advertised for sale. Those who sell their historic homes in Hoi An are able to lead a wealthier life and can buy a large plot in the new Tan An urban area in the suburbs of the old town. — VNS http://vietnamnews.vnanet.vn |
#2
|
|||
|
|||
Vietnam - Sizzling tourist trade fires up property prices in hot Hoi An
Pictures of Hoi An goto:
http://community.webshots.com/user/johnvanzon/1 have fun John "George Moore" schreef in bericht om... http://vietnamnews.vnanet.vn Friday, January 30, 2004 Sizzling tourist trade fires up property prices in hot Hoi An Duong Quang HOI AN - A growing tourism trade has led to climbing land prices in the historic town of Hoi An. The rise has come following a National Assembly decision to upgrade the town's two coastal communes to wards. Land prices have risen sharply on many streets in the new wards, Cam Chau and Cam An, which link the Cua Dai (Dai Estuary) with Hoi An. Pham Ngoc Xuan has decided to sell his 1,300sq.m plot in Cam Chau for VND3 million per square metre. "The price will be higher in the near future. You'll regret if you don't buy it now," he told a HCM City native who later agreed to buy it. At such prices, land in Cam Chau is even more expensive than in Da Nang. "Can you make profits with a hotel in Da Nang? Here you can be rich very quick," Xuan said. Land prices are much higher in Cam An, with prices climbing as high as VND7 million (US$448) per square metre, nearly 10 times the price a few years ago. But finding land to meet the demand for business or tourism is becoming difficult. The most beautiful plots in Cam An are now tourism projects that include new hotels and restaurants. Among the most expensive sites are new business streets in Hoi An where many hotels are being built by overseas Vietnamese by Viet kieu (Overseas Vietnamese) and business people from Ha Noi and HCM City, for hire to expatriates. Located 30km south of Da Nang along Quang Nam Province's central coast, Hoi An will soon be a modern city, many business people predict. The tourism business in Hoi An has enticed many people hoping to earn big profits. The Quang Nam People's Committee recently decided to stop issuing permits for construction of mini-hotels in Hoi An because it said the town had enough hotel rooms. "We'll try to build a hotel of a three-star standard. Local authorities will not refuse permits for a three-star hotel, " said one Hoi An newcomer. One town resident is preparing to sell his house on Huynh Thuc Khang St., one of the streets leading to Hoi An, to buy a house in the old town. "Tourism prospers in Hoi An. Huynh Thuc Khang St. is not good for business," he said. But prices of Hoi An's old houses are very high. Along Tran Phu and Nguyen Thai Hoc streets are several well-preserved homes dating to the 17th, 18th and 19th centuries. Their architecture is a medley of Japanese, Chinese and Vietnamese styles. Resident Nguyen Thi Diep has advertised to sell her 160-year old house, covering 113square metres on Tran Phu St., at the cost of VND3.6 billion. If she can sell the house at that price, she will have enough money to buy two villas in Da Nang. A house about 100m from Diep's house but larger, covering 180sq.m, was recently sold for VND3.8 billion. "Many smaller houses, about 60 sq.m, have been sold at VND1.2 billion," Diep said. "But it's difficult to do business with small houses." The collapse of three historic houses in Hoi An's Bach Dang St. last year heightened concerns for hundreds of the town's buildings, which have suffered centuries of decay. Many people have plans to sell their old houses because of the shortage of money for renovation. At least 10 houses on Tran Phu St. are advertised for sale. Those who sell their historic homes in Hoi An are able to lead a wealthier life and can buy a large plot in the new Tan An urban area in the suburbs of the old town. - VNS http://vietnamnews.vnanet.vn |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Airline Ticket Consolidators and Bucket Shops FAQ | Edward Hasbrouck | Air travel | 0 | April 17th, 2004 12:28 PM |
Airline Ticket Consolidators and Bucket Shops FAQ | Edward Hasbrouck | Air travel | 0 | March 18th, 2004 09:16 AM |
Airline Ticket Consolidators and Bucket Shops FAQ | Edward Hasbrouck | Air travel | 0 | December 15th, 2003 09:48 AM |
Airline Ticket Consolidators and Bucket Shops FAQ | Edward Hasbrouck | Air travel | 0 | November 9th, 2003 09:09 AM |
Airline Ticket Consolidators and Bucket Shops FAQ | Edward Hasbrouck | Air travel | 0 | October 10th, 2003 09:44 AM |