{"id":8948,"date":"2016-03-23T23:18:47","date_gmt":"2016-03-23T16:18:47","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-developer-limitless-commences-work-on-delayed-vietnam-project-2\/"},"modified":"2016-03-23T23:25:30","modified_gmt":"2016-03-23T16:25:30","slug":"dubai-developer-limitless-commences-work-on-delayed-vietnam-project-2","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-developer-limitless-commences-work-on-delayed-vietnam-project-2\/","title":{"rendered":"Dubai developer Limitless commences work on delayed Vietnam project"},"content":{"rendered":"


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\nThe Dubai developer Limitless has started work at a long delayed US$550 million housing and tourism project in Vietnam, as the country’s property sector receives a filip from overseas remittances.Dubai government-owned Limitless reported yesterday that it started groundwork on its 120-hectare Halong Star project in Halong Bay, north-east Vietnam, nearly a decade after the project was first announced.
\nConstruction of a main access road, which overlooks the Halong Bay Unesco World Heritage Site, is also in progress, Limitless said.The ambitious Halong Star project, which comprises 340 villas and apartments, retail and leisure facilities and a five- star hotel, was first unveiled in 2007 by Limitless and its joint venture partners with an initial investment of $220 million. However, the project was then put on hold in 2009 in the wake of the global financial downturn and the Vietnamese market collapse, which left US$6 billion of domestic property unsold.
\nSince then, led by a reviving Vietnamese economy which grew 6.7 per cent last year – its fastest pace since 2008 – and a relaxation of the country’s strict ownership laws, the property market has picked up again.According to the State Bank of Vietnam, remittances from the country’s 5 million expatriates living overseas, are expected to soar 15 per cent from 2015 to US$14 billion this year – equating to about 6.4 per cent of the country’s GDP.
\nPrices for apartments in Hi Chi Minh City – or Saigon as it was formerly known – rose 21 per cent last year to stand at US$1,949 per square metre, according to the property broker CBRE. In Hanoi, they increased nearly 10 per cent to US$1,592.lbarnard@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Dubai developer Limitless commences work on delayed Vietnam project<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Dubai developer Limitless has started work at a long delayed US$550 million housing...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-8948","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2kk","jetpack-related-posts":[{"id":8940,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-developer-limitless-commences-work-on-delayed-vietnam-project\/","url_meta":{"origin":8948,"position":0},"title":"Dubai developer Limitless commences work on delayed Vietnam project","date":"March 23, 2016","format":false,"excerpt":"\r \r The Dubai developer Limitless has started work at a long delayed US$550 million housing and tourism project in Vietnam, as the country's property sector receives a filip from overseas remittances.Dubai government-owned Limitless reported on Wednesday that it started groundwork on its 120-hectare Halong Star project in Halong Bay,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9038,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-limitless-begins-work-on-long-delayed-vietnam-project\/","url_meta":{"origin":8948,"position":1},"title":"Dubai\u2019s Limitless begins work on long-delayed Vietnam project","date":"March 24, 2016","format":false,"excerpt":"\r Developer starts groundwork on Halong Star resort, which was first announced in 2007\r \r Source : arabianbusiness.com\r Read more...Dubai\u2019s Limitless begins work on long-delayed Vietnam project","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10826,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/trade-between-uae-and-vietnam-set-for-further-growth\/","url_meta":{"origin":8948,"position":2},"title":"Trade between UAE and Vietnam set for further growth","date":"April 18, 2016","format":false,"excerpt":"\r \r Trade with Vietnam is expected to expand further this year as visitors from the country surge. Vietnam's trade with the UAE is predicted to increase by as much as 15 per cent to US$7 billion (Dh25.7bn) this year, says Pham Binh Dam, Vietnam's ambassador to the UAE. \"The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4858,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-deal-for-dubai-developer-limitless-closer-after-silver-point-sale\/","url_meta":{"origin":8948,"position":3},"title":"Debt deal for Dubai developer Limitless closer after Silver Point sale","date":"February 16, 2016","format":false,"excerpt":"\r A debt restructuring for Dubai-based developer Limitless moved closer after Silver Point Capital sold its share of the 4.45 billion dirham (HK$9.4 billion) debt last month, two sources involved in the process said.\r \r Source : South China Morning Post\r Read more...Debt deal for Dubai developer Limitless closer after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16274,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/limitless-awards-dh227-5-million-contract-for-new-downtown-jebel-ali-towers\/","url_meta":{"origin":8948,"position":4},"title":"Limitless awards Dh227.5 million contract for new Downtown Jebel Ali towers","date":"June 12, 2016","format":false,"excerpt":"\r Developer Limitless has awarded a Dh227.5 million contract to Sharjah-based contractor Eastern International to build two new residential towers at The Galleries at Downtown Jebel Ali.The 27-storey towers are already 70 per cent complete and have a built-up area of 936,000 square feet containing 641 apartments and ground floor\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3597,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-reports-19-full-year-gain-despite-fall-in-q4-profit\/","url_meta":{"origin":8948,"position":5},"title":"Nakheel reports 19% full-year gain despite fall in Q4 profit","date":"February 4, 2016","format":false,"excerpt":"\r \r Fourth-quarter profit at the Dubai developer Nakheel fell by 28.7 per cent, company figures show, as Dubai's housing market continued to slow.According to figures provided by Nakheel, profit for the three months to the end of December 2015 fell to Dh770 million from Dh1.08 billion a year earlier.Nakheel,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8948"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=8948"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8948\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=8948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=8948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=8948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}