Glory Heights News Today

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Domestic steel demand is anticipated to rise this year due to the civil construction recovery and the positive impacts of the global steel market.

JAKARTA — Indonesia is experiencing a resurgence in forest clearance due to the expansion of pulpwood and oil palm plantations, reversing years of declining deforestation associated with these two industries. And at the forefront of this new wave of deforestation is a single company identified in a report by a coalition of environmental NGOs that […]

Business seems to be picking up favourably in Vietnam’s real estate arena.

Despite plenty of work on reviving Vietnam’s real estate taking place last year, fruition may not be felt for quite a while yet.

Mortgage rates peaked at as high as 16 per cent at some banks in early 2023 but subsequently dropped dramatically. They are now comparable to levels that prevailed before the government’s aggressive policy rate hikes last year sent borrowing rates soaring. Nevertheless, a full revival of sentiment and transaction activity is not likely until mid-2024.

Major real estate projects released in the third quarter of this year all belonged to big developers such as Vinhomes, Sun Group, Masterise Homes, and Dat Xanh Mien Tay following a long quiet period.

Real estate developers are set to launch a raft of products for the end of the year.

Real estate insiders are predicting a strong end to 2023 in terms of recovery in various segments, and launches are already underway, but this will occur in tandem with government moves to adjust currently tight regulations on real estate lending.