Duncan wrote: ↑Fri Mar 31, 2017 7:08 am

obelisks wrote: ↑Thu Mar 30, 2017 9:45 pm

rogerrabbit wrote: ↑Thu Mar 30, 2017 8:50 pm

Duncan wrote: ↑Thu Mar 30, 2017 3:30 pm

If I'm not totally confused with location, this project is by local wealthy guy. First this was supposed to be residential building, then hotel, and then.. i guess they don't know what it will be. And maybe construction halted because of that. But for sure guys owning that project has the money to finish it if they want. They have few other projects ongoing as well.

Duncan I was in Vietnam (both Ho Chi Minh City and Hanoi ) six weeks ago and you see the same thing there exactly.
I feel something major will happen sooner or later and a lot of money is going to be lost.but it's their own fault because
it should have been obvious even to blind Freddy what's going to happen.
Now i am in Pattaya where there is purportedly (according to Colliers International) at least 17,000 condominiums on the market

Oversupply sparks fresh bubble fears

According to figures from Jones Lang LaSalle Vietnam (JLL), around 63,800 apartments will be completed in Ho Chi Minh City over the next three years, in Hanoi, this number will be more than 61,000 units.

https://www.vietnambreakingnews.com/201 ... ble-fears/

around 63,800 apartments will be completed in Ho Chi Minh City over the next three years,



One could look at it another way,,, 21,000 every year for a city the size of HCM, a population of ?? million . and growing . I would be more worried about if those
projects will be completed , not if they will be sold.

obelisks wrote: ↑Fri Mar 31, 2017 8:14 pm

Duncan wrote: ↑Fri Mar 31, 2017 7:08 am

obelisks wrote: ↑Thu Mar 30, 2017 9:45 pm

rogerrabbit wrote: ↑Thu Mar 30, 2017 8:50 pm

Duncan wrote: ↑Thu Mar 30, 2017 3:30 pm

If I'm not totally confused with location, this project is by local wealthy guy. First this was supposed to be residential building, then hotel, and then.. i guess they don't know what it will be. And maybe construction halted because of that. But for sure guys owning that project has the money to finish it if they want. They have few other projects ongoing as well.

Duncan I was in Vietnam (both Ho Chi Minh City and Hanoi ) six weeks ago and you see the same thing there exactly.
I feel something major will happen sooner or later and a lot of money is going to be lost.but it's their own fault because
it should have been obvious even to blind Freddy what's going to happen.
Now i am in Pattaya where there is purportedly (according to Colliers International) at least 17,000 condominiums on the market

Oversupply sparks fresh bubble fears

According to figures from Jones Lang LaSalle Vietnam (JLL), around 63,800 apartments will be completed in Ho Chi Minh City over the next three years, in Hanoi, this number will be more than 61,000 units.

https://www.vietnambreakingnews.com/201 ... ble-fears/

around 63,800 apartments will be completed in Ho Chi Minh City over the next three years,



One could look at it another way,,, 21,000 every year for a city the size of HCM, a population of ?? million . and growing . I would be more worried about if those
projects will be completed , not if they will be sold.

I don't think 63,800 apartments will be completed or sold

In pictures: Unfinished, abandoned buildings in Saigon

http://english.vietnamnet.vn/fms/busine ... aigon.html

Duncan wrote: ↑Fri Mar 31, 2017 8:36 pm

obelisks wrote: ↑Fri Mar 31, 2017 8:14 pm

Duncan wrote: ↑Fri Mar 31, 2017 7:08 am

obelisks wrote: ↑Thu Mar 30, 2017 9:45 pm

rogerrabbit wrote: ↑Thu Mar 30, 2017 8:50 pm

If I'm not totally confused with location, this project is by local wealthy guy. First this was supposed to be residential building, then hotel, and then.. i guess they don't know what it will be. And maybe construction halted because of that. But for sure guys owning that project has the money to finish it if they want. They have few other projects ongoing as well.

Duncan I was in Vietnam (both Ho Chi Minh City and Hanoi ) six weeks ago and you see the same thing there exactly.
I feel something major will happen sooner or later and a lot of money is going to be lost.but it's their own fault because
it should have been obvious even to blind Freddy what's going to happen.
Now i am in Pattaya where there is purportedly (according to Colliers International) at least 17,000 condominiums on the market

Oversupply sparks fresh bubble fears

According to figures from Jones Lang LaSalle Vietnam (JLL), around 63,800 apartments will be completed in Ho Chi Minh City over the next three years, in Hanoi, this number will be more than 61,000 units.

https://www.vietnambreakingnews.com/201 ... ble-fears/

around 63,800 apartments will be completed in Ho Chi Minh City over the next three years,



One could look at it another way,,, 21,000 every year for a city the size of HCM, a population of ?? million . and growing . I would be more worried about if those
projects will be completed , not if they will be sold.

I don't think 63,800 apartments will be completed or sold

In pictures: Unfinished, abandoned buildings in Saigon

http://english.vietnamnet.vn/fms/busine ... aigon.html

obelisks,, Thanks for that info ,,, It sort of confirms my theory. Do you think that those buildings are mostly financed by Vietnam backers or Chinese.?