27 radicalised Bangladeshis arrested in Singapore under Internal Security Act: MHA

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AEC NEWS

The Straits Times
Asia News Network
Singapore   WED, 20 JAN, 2016 3:36 PM
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Twenty-seven male Bangladeshis working here have been arrested under the Internal Security Act (ISA).

Investigations showed that they supported the armed jihad ideology of terrorist groups such as Al-Qaeda and the Islamic State in Iraq and Syria (ISIS).

Some of them had considered waging armed jihad overseas, but they were not planning any terrorist attacks in Singapore, said the Ministry of Home Affairs (MHA) yesterday.

The men, who were working in the construction industry here, were detained between Nov 16 and Dec 1 last year.

Of the 27, 26 were members of a closed religious study group that subscribed to extremist beliefs and teachings of radical figures like Anwar al-Awlaki, an American and Yemeni Islamic lecturer alleged to have ties with militant group Al-Qaeda. Awlaki was killed in a drone strike in Yemen in September 2011.

The remaining man was not a member of the study group, but was discovered to have been undergoing radicalisation. He supported extremist preachers and possessed jihadi-related material.

All 27 have had their work passes cancelled, and 26 of them have since been repatriated to Bangladesh, where the authorities were informed of the circumstances of their repatriation.

The last person is now in prison for attempting to leave Singapore illegally after learning of his fellow members’ arrests. He will also be repatriated once he completes his sentence.

In the course of their arrests, the Internal Security Department recovered a “significant amount” of radical and jihadi-related material, such as books and videos containing footage of children undergoing training in what appeared to be terrorist military camps.

Several members also possessed a shared document with graphic images and instruction details on how to conduct “silent killings” using different methods and weapons.

An excerpt from the document, which depicts in a graphic manner how one can attack and kill with stealth. IMAGES: MHA

The group members took measures to avoid detection by the authorities, sharing jihadi-related materials discreetly and holding weekly gatherings to discuss armed conflicts involving Muslims, said MHA.

“They also carefully targeted the recruitment of other Bangladeshi nationals to grow their membership,” said the MHA.

A number of members admitted that they believed they should participate in and wage armed jihad on behalf of their religion. Several contemplated travelling to the Middle East to take part in the ongoing conflict.

Some of them were in support of terrorist groups that killed Shi’ites as they considered Shi’ites to be “deviant”.

They also bore grievances against the Bangladeshi government over its actions against some Islamic groups and leaders.

“Members were encouraged to return to Bangladesh and wage armed jihad against the Bangladeshi government. They had also sent monetary donations to entities believed to be linked to extremist groups in Bangladesh,” said MHA.

The Government takes a serious view of any form of support for terrorism.

Any person – foreigner or otherwise – who engages in any activity that threatens to harm Singapore’s national security and racial and religious harmony will be firmly dealt with under the law.

“Foreigners are guests of our country and they should not abuse this privilege and use Singapore as a base to import their own domestic political agenda and carry out activities in pursuit of such an agenda,” MHA said.

“In the same way, foreign religious speakers who propagate divisive doctrines which could lead to mistrust, enmity and hatred among local religious groups and undermine Singapore’s social cohesion are not welcomed and will not be allowed to operate in Singapore.”

MPs refuse to delete unfinished govt projects from parliament record

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AEC NEWS

Eleven Myanmar   TUE, 19 JAN, 2016 8:33 PM

Yangon – Myanmar’s Lower House rejected the government’s request to have over 700 unfinished projects deleted from the parliamentary record.

The government recently made the suggestion, involving the projects announced during the government term but have not yet been implemented.

The Lower House committee for investigating promises and guarantees of the government submitted its second report to the parliament, suggesting that the parliament keep the promises of the government on record.

The committee report says the government recommended the deletion of the 724 projects. They government made the recommendation on the grounds that some of the projects were never given a budget.

Some are long-term projects that will be completed beyond the current fiscal year: including one by the Ministry of Defence, two by the Ministry of Agriculture and Irrigation, three by the Ministry of Livestock, Fisheries and Rural Development, one by the Ministry of Communications and Information Technology, eight by the Ministry of Electric Power, eleven by the Ministry of Education, and sixteen by the Ministry of Health.

Myanmar ethnic party commits to peace process with government

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AEC NEWS

Eleven Myanmar   TUE, 19 JAN, 2016 8:29 PM

Yangon – The Shan State Progress Party (SSPP) released a statement on January 17 saying it will work with the government, army, political parties and other organisations to achieve ‘genuine’ domestic peace and to establish a democratic, federal Union.

The statement was released following the party’s general meeting from January 4 to 17 in Wanhai.

The SSPP also committed to ending the country’s civil wars through ‘political dialogue’ rather than force.

The party committed to improving the lives of ethnic minorities, to combatting the use of narcotics and to helping rehabilitate the lives of war refugees in Shan State.

The SSPP did not sign the national ceasefire agreement with the government on October 15 last year and also did not attend the Union Peace Conference earlier this month.

Philippine presidential hopeful battles disqualification

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AEC NEWS   TUE, 19 JAN, 2016 7:01 PM

Manila – Hundreds of supporters of a senator aiming to be the Philippines’ next president rallied outside the Supreme Court Tuesday, as it heard arguments against her disqualification from the race.

The supporters carried placards and banners declaring their support for Senator Grace Poe and chanted her name as she arrived to attend the hearing at the high tribunal.

The Commission on Elections (COMELEC) had disqualified Poe because she failed to meet a 10-year residency requirement for presidential candidates and was not considered a natural-born Filipino.

In a statement, the 47-year-old first-time senator said she was confident that the law would be on her side.

“I don’t believe in the view of some who think that a foundling is a stateless person or one without nationality when they were born,” she said. “It is the law’s responsibility to protect the right of the weak and the powerless.”

Poe was abandoned as a baby on the steps of a church in the central city of Iloilo and was adopted by a late Filipino action movie star, but the identities of her biological parents are not known. She renounced her citizenship in 2001 to reside in the United States with her husband, but later returned and became a dual Philippine-US citizen.

Other contenders for the presidency are current Vice President Jejomar Binay, former interior secretary Mar Roxas, Rodrigo Duterte, a tough-talking mayor of a southern city, and veteran Senator Miriam Defensor Santiago.

More than 18,000 positions are up for grabs in the Philippines’ general elections on May 9, 2016, including president, vice president, senators, congressional representatives, provincial governors, city and town mayors and vice mayors.

Viet congress will see fight for top post

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Nirmal Ghosh
The Straits Times   TUE, 19 JAN, 2016 6:53 PM

BANGKOK – Vietnam’s five-yearly Communist Party Congress opens tomorrow with a fierce contest expected as Prime Minister Nguyen Tan Dung challenges current party chief Nguyen Phu Trong for the top post.

Trong, 71, a conservative with a reputation for being quiet and scholarly, is expected to be re-elected party general secretary, the most powerful post in the country.

Still, not many are willing to write off the popular Dung, 66. He believes in increased trade and economic ties with the West to balance Vietnam’s surging trade deficit with China.

“He was the leading voice in the passage of the Trans-Pacific Partnership (trade pact) and is definitely more pro-US, pro-West than Trong,” said Professor Zachary Abuza of the National War College in Washington.

During the flap with China in 2014, when a Chinese oil rig was placed in waters claimed by Vietnam, Dung was the most outspoken leader, taking a hard line that went down well with the people.

Trong and Dung are “polar opposites”, Prof Alexander Vuving at the Daniel K. Inouye Asia-Pacific Centre for Security Studies wrote in The Diplomat on Saturday (January 16).

“Trong is a mandarin, while Dung is a capitalist; one is loyal to his principles, the other to his profits. This personality contrast is one of the reasons for the severity of their clash,” Prof Vuving said.

One reason Dung is said to want the top post is that if he is not party chief, he would probably have to retire. Deputy Prime Minister Nguyen Xuan Phuc, a protege, would succeed him as prime minister, but Dung himself would be out of power.

He has survived talk of corruption and nepotism to serve two terms as prime minister, a post just below that of general secretary.

“There is some ego involved and certainly he is out to protect the interests of his friends and family,” Prof Abuza said. Dung’s two sons are in provincial-level party politics, and one daughter is in the public sector.

“But he does have a fundamental vision for moving the country forward and he says Trong is holding the country back. There’s always been charges of nepotism… but it doesn’t mean he is not committed to economic reform. No one has pushed for privatisation of state- owned enterprises as hard as him.”

The fight in the normally opaque one-party communist state has spilled over into social media. The social media chatter has drawn a warning from the deputy minister of information and communications that the public should be wary of disinformation.

If Trong continues as party chief, analysts do not expect any dramatic change in the direction of Vietnam – or in its policy towards China, which is essentially to balance the increasing assertiveness of its northern neighbour with warming ties with the United States.

Indeed, Trong himself evolved in the role. When he became general secretary in 2011, he was widely seen as pro-China, but last year, he met President Barack Obama at the White House. Obama is due to visit Vietnam in May. The TPP was passed under Trong’s watch.

Singapore-based Chan Jin Lai, a country risk analyst with BMI Research, said in an interview: “We see no reason for new leaders to divert from current economic policies.”

Those policies have enabled Vietnam – despite some ups and downs – to close 2015 with fourth-quarter gross domestic product the highest in five years, rising 7.01 per cent compared with 6.9 per cent over the same period in 2014.

“Vietnam’s economic engine is fuelled by a rapidly emerging middle class and no change in Hanoi is likely to disrupt the stable growth that has marked recent years,” said Chan.

Added Prof Abuza: “The policies we have seen for the past few years are going to continue. They are not going to be reversed. But (under Trong) they are not going to be faster.’’

The incumbent

Nguyen Phu Trong, 71, general secretary of the Communist Party of Vietnam

Trong, has a reputation for being quiet and scholarly.

In 1981, after years of involvement in the party’s ideology and propaganda, some of it editing the party journal Communist Review, Trong went to the Academy of Social Sciences in the then Soviet Union where he earned a history degree.

As secretary of the party’s Executive Committee for Hanoi from 2000 to 2006, he was essentially the head of the city authority. In 2006, he was elected chairman of the National Assembly, and in 2011 he was elected general secretary of the party, becoming part of its now 16-member Politburo.

Trong, initially thought to be pro China, made history in July 2014 when he visited the US, meeting President Barack Obama at the White House.

“Trong’s said to be quite simple and clean,” a Vietnamese researcher who asked not to be identified told The Straits Times last year. “So far there has been no major scandal.”

The challenger

Nguyen Tan Dung, 66, Prime Minister

Dung has weathered talks of corruption and nepotism to serve two terms as prime minister, a post just below that of general secretary of the Communist Party.

His chances of being elected secretary general of the Party – the most powerful position in the country – at the 12th Party Congress from January 20-28 are seen as dim but not ruled out.

Dung is from the south and has proven to be a popular politician in a country where politicians do not commonly campaign amongst the population.

During the 2014 flap with China when Beijing placed an oil rig in waters claimed by Vietnam and there were clashes between Vietnamese and Chinese vessels in the area, Dung made the most forceful statements about China.

He has also been a leading advocate of greater engagement with the west and diversification of exports, and is credited with having led Vietnam to sign the US-initiated Trans Pacific Partnership (TPP).

Pia Wurtzbach ‘an absolute class act’

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http://www.nationmultimedia.com/aec/Pia-Wurtzbach-an-absolute-class-act-30277212.html

Philippine Daily Inquirer
Asia News Network   TUE, 19 JAN, 2016 2:37 PM

Almost a month after he fumbled announcing the correct Miss Universe on live TV, host Steve Harvey finally got a chance to do a sitdown interview with winner Pia Wurtzbach, and called her an “absolute class act” for accepting his apology.

During the pageant’s coronation night last December, Harvey mixed up the results of the pageant after he initially announced Miss Colombia Ariadna Gutierrez as the winner.

He later apologized and declared Wurtzbach as the rightful winner.

During the interview on the “Steve Harvey Show,” Wurtzbach recalled keeping a “safe distance” from Gutierrez because she was concerned with how the latter was feeling.

“I tried to keep a safe distance from her so as not to disrespect her. I didn’t want her to feel bad. I was being sensitive to her feelings. So when I was standing there, I was very happy, I was excited. But I was also thinking about her; I could not help but think about how tough this must be for her,” Wurtzbach said.

Harvey apologized again, saying he hopes there could be healing for Wurtzbach and Gutierrez, and that he wished they “could have all gotten it right” during the night of the pageant.

The 26yearold beauty queen from Cagayan de Oro City said that while the controversy has shadowed her coronation, she hopes that she would still be able to inspire many people.

“I wish I had more time to tell people about my life back in the Philippines. It wasn’t easy,” she said.

“But I think I have the whole year to tell them about my story. And I do hope that I get to inspire people that people could throw stones at you but, I read this one quote, “a real queen knows how to make an empire with the same stones thrown at her,” so that’s what I want people to learn,” she added.

She then consoled Harvey, who admitted earlier in the show how difficult it was for him and his family to deal with the backlash following the mixup.

“Don’t beat yourself up anymore. Let’s move forward and let’s be happy,” Wurtzbach told Harvey.

The 58-year-old host responded and praised Wurtzbach, saying “Thank you for coming. I thought you were an absolute class act, absolute class act.”

Laos’s ruling party sets big targets for new five-year economic plan

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

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The Nation
TUE, 19 JAN, 2016 10:15 AM

Congress applauds ‘people’s democracy’

Laos’s ruling party, at its 10th congress, has set a target to maintain high economic growth and “people’s democracy” over the next five years.

The Lao People’s Revolutionary Party was officially opened yesterday at the National Convention Centre in the capital Vientiane.

It drew 684 representatives of the 250,000-strong party.

The five-day event, held every five years, has delivered the party’s new five-year socio-economic development plan (2016-2020).

Its new leadership will also be announced at the congress.

The eighth five-year socio-economic development is designed to ensure the graduation of the country from the list of least-developed-country status by 2020.

During that period, Laos aims to have the annual economic growth rate of at least 7.5 per cent, balance its national economic structure, address poverty, and create favourable conditions for national industrialisation and modernisation, according to party chief Choummaly Sayasone.

The party has ruled the land-lock country in Marxim-Leninism communist style since 1975. It has achieved many objectives over the past five years including high economic growth and increasing per capita income from US$319 in 2011 to US$1,970 last year, Choummaly said.

A reduction in the percentage of poor families to 6.59 per cent and an increase in the percentage of families with access to electricity to 89 per cent had also been achieved, he said.

Most of the country’s 6.8 million people live in rural areas.

The launch of the communication satellite Lao Sat 1 and the groundbreaking ceremony for the Lao-China high-speed railway project on the 40th anniversary of the communist regime last year were among the great achievements, said Choummaly during the opening ceremony of the congress, broadcast live nationwide.

Prime Minister Thongsing Thammavong said the party had also set the 2030 vision and the 10-year (2016-2025) strategic development plan.

With the visions and plans in place, Laos would be released from the status of least developed and be recognised as a developing country by 2020, he said.

Laos would be a high middle-income country by 2030, he said.

“Since 2011, the World Bank has upgraded Laos from a low-income country to a low-middle income country,” he said.

Shaolin Warriors to entertain Jakarta in February

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http://www.nationmultimedia.com/aec/Shaolin-Warriors-to-entertain-Jakarta-in-February-30277135.html

entertainment

Novani Nugrahani, thejakartapost.com,
Jakarta   MON, 18 JAN, 2016 10:35 AM

A Shaolin theatrical performance is set to be held at the Ciputra Artpreneur Theater in South Jakarta on Feb. 19-21.

Brought to the city by the China Performing Arts Agency Productions in collaboration with Bank Mayapada and Ciputra Artpreneur to welcome Chinese New Year, the Shaolin Warriors theatrical group is scheduled to hold five performances that will feature 18 traditional weapons and legendary martial art move

Said to be born from the deep-rooted traditions of Shaolin monks in China, the group usually presents stories that evolve around the daily lives of the monks at Shaolin temples.

“It’s an honor for us to be able to present a world-class performance from China that showcases not only the agility and exceptional ability of martial arts but also valuable Chinese Buddhism life virtues,” Mayapada Bank director Suwandy said in Jakarta on Wednesday.

According to Ciputra Artpreneur president director Rina Ciputra Sastrawinata, the show would be an action-theatrical performance about a Chinese boy who went to study in a Shaolin monastery.

“I hope the Shaolin Warriors can give the audience a glimpse into the life of the Shaolin monks and their deep-rooted traditions,” said Rina.

She added that she was optimistic the show would attract a wide-range of audiences, from Shaolin fans to martial arts enthusiasts.

“We are aiming for up to 90 percent occupancy for all five performances,” she said.

The Shaolin Warriors show have reportedly performed in front of over 10 million people around the world. It has made appearances in many countries, including the US and the UK.

– See more at: http://www.thejakartapost.com/news/2016/01/13/shaolin-warriors-entertain-jakarta-february.html#sthash.IuBohJ9p.dpuf

Can Miss Universe save the universe?

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entertainment

Veena Thoopkrajae
veena@nationgroup.com   FRI, 15 JAN, 2016 6:46 PM

When I was young I always looked forward to watching the Miss Universe pageant on TV. It felt deliciously indulgent seeing all the glamorous outfits and the exotic national costumes, even if they were nothing compared to some of today’s elaborate outfits.

Us neighbourhood kids even played “Miss Universe”. “What’s your favourite dish?” was the most popular question asked in our make-believe interview round. The kids would invariably name somtam, fried rice and noodles. I have no idea how the “judges” scored those answers – maybe picking something spicy like somtam seemed smarter than kiddie food like fried rice – but everyone scored high when it came to sincerity. You’d never hear juvenile questions like that on the real Miss Universe show, of course, especially today, when the contestants have to be very clever, their beauty running far deeper than the surface. The judges are looking for a winner with smarts who can enhance the Miss Universe brand.

This year, perhaps, the organisers went a little too far with the questions. The five finalists coped well, but a lot of viewers were left scratching their heads in bewilderment. Miss Philippines, for example, was asked about the United States reopening a military base in her country. It had to be an awkward moment. Thanks goodness my childhood mock beauty contest didn’t have questions like that! I’d have answered, “Come on, this is a beauty contest! Maybe you want to promote peace and love, but why do we have questions about military things?”

For Pia Wurtzbach, Miss Philippines, it was a no-win situation being asking about an American military base in a contest hosted by Americans. She came up with a response that pleased her hosts: “We were colonised by Americans and we have their culture and traditions to this day, so I think we should be very welcoming to Americans. I don’t see any problem with that at all.” But back home it was payback time. She was bombarded with criticism from countrymen who want the US military gone for good.

Remarkably, the tricky question handed to Pia wasn’t even the most difficult one fielded at the pageant. Miss France had this to ponder: “Having experienced terrorism first-hand, what do you think is the best way for governments to combat this rising threat?” Yes, a question best left to the French cabinet was handed to a 20-year-old beauty contestant. She stayed cool, though, saying we have to look into the root causes of terrorism.

Miss Australia was quizzed about legalising marijuana. Miss Colombia had to address the Illegal-drug trade in her country. And Miss USA wasn’t let off the hook – they asked her about gun control! “This is an incredibly difficult issue and the United States is constantly weighing the options,” she replied, without even sweating. “I think it’s incredibly important that all individuals have the right to protect themselves and feel safe, but I also think that sometimes we need to look at safety as a whole – more than just our personal safety. So I think we need stronger regulations. Specifically, I think we need to pay attention.”

The finalists did their best to stay politically correct and not tread on any toes, but you have to wonder if Miss Philippines’ answer carried any weight beyond helping win her the Miss Universe crown. Saying it’s okay for US troops to be stationed in a foreign country suggests it should be the norm everywhere. The main problem with such questioning, though, is that they were so unfair to the contestants. Yes, the questions gave the ladies a chance to demonstrate their intellect, but their honesty had to stay mute.

I remember a time when the pageant involved a more creative Q&A. Back in 1973 Miss Philippines was Margie Moran (and she won the crown too). She was asked, plain and simple, “If you had $1 million, what would you do with it?” Her response was just as straightforward: “I’d buy a big house where I could live with all the people I love.” I’d certainly have given her full marks for that display of honesty.

Brook Mahealani , Miss Universe 1997

Photo: t-pageant.com

Miss USA Brook Mahealani became Miss Universe 1997 in part because of her reply to this sparkling question: “If there were no rules for one day and you could be outrageous, what would you do?” “I’d eat everything in the world,” she said. The audience laughed and she added, “No, you don’t understand – I’d eat everything twice!”

Perhaps it isn’t so silly after all being asked what your favourite food is. If the idea is to test someone’s creativity and sincerity, probing queries about politics and other controversial issues are completely unnecessary. Leave the big policy questions to the world leaders (and see if they can come up with a better answer than a beauty queen). If the politicians do their jobs properly and resolve a few problems, maybe future generations of young ladies can get back to more fun and creative questions on the pageant stage.

And for all the little girls out there, today being Children’s Day, I send you a wish that you grow up to live in a better world, one filled with love and peace – and fewer hypocrites.

Apartment market in two Vietnamese cities rising

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http://www.nationmultimedia.com/aec/Apartment-market-in-two-Vietnamese-cities-rising-30277125.html

business

Viet Nam News
MON, 18 JAN, 2016 2:21 AM

HANOI – Vietnam’s real estate market is expected to continue recovery this year after gaining good business results last year, with the market reaping benefits from favourable macro conditions, experts said.

According to property service provider CB Richard Ellis (CBRE) Vietnam’s report on Ha Noi property market in the last quarter of 2015, the average consumer price index (CPI) grew 0.63 per cent this year, which is the lowest level since 2001, and fell way below the annual average level of 5 per cent recently.

This low level of the inflation rate supported the growth of consumption and investment level in 2015. Similarly, the low mortgage rate also supported activities in the real estate market last year. Credit growth improved in 2015, recording 18 per cent, significantly higher than the 12 per cent to 14 per cent average level in the 2012 to 2014 period, according to the State Bank of Vietnam.

Although the interest rate in Vietnam has increased slightly after the United States Federal Reserve hiked its interest rate in late December, it is forecast that Vietnam will not expect a drastic change in interest rates in 2016, since most of the effect has already been factored in the interest rate’s current value.

This is good news for real estate investors as this real estate investment has been proved to yield better returns than other types of investments such as currency, gold, oil, or government bonds, in recent years. It is likely that more fluctuations will happen in these markets in 2016.

Housing transactions in Ha Noi last year hit a record 21,100, surpassing the sector’s peak in 2009, according to CBRE Vietnam. High-end apartment transactions accounted for 32 per cent of the total, up from 20 per cent in previous years.

A number of property investors have sped up delayed projects. Several apartment projects have been restructured in both size and price in accordance with market demands.

The mid-end and low-cost apartment transaction rate was down compared to 2014, however, it still accounted for a large share of the total sales due to reasonable pricing.

In 2015, about 28,300 apartments were put on the market in Ha Noi, up 70 per cent compared with the previous year. High-end apartments accounted for 28 per cent of the total share compared to the peak of 21 per cent in 2009.

Average prices of new projects increased between 3 per cent and 5 per cent year-on-year (YoY), and even the prices rose between 5 per cent and 7 per cent for high-end projects, Nguyen Hoai An, CBRE Vietnam’s vice director in its Ha Noi branch said.

Last year also marked a firm recovery in HCM City’s housing market with strong launches, positive sales volume and improved prices, particularly for mid- to high-end properties.

More than 41,900 condominiums were launched in 78 projects, mostly in the east (47 per cent) and south (27 per cent) of the city, an increase of 122 per cent YoY, according to a quarterly report of CBRE Vietnam on HCM City market.

It was the highest ever in a single year, due to the introduction of Vinhomes Central Park in Binh Thanh District and Masteri Thao Dien in District 2, as the continued positive market momentum boosted the confidence of developers.

Overall, market sentiments remained positive throughout the year as 2015 ended with record sales for a single year – an estimated 36,160 units and up 98 per cent YoY.

These included sales to individual buyers and en-bloc sales to institutional investors and property agents, in which sales to individual buyers were estimated at 33,348 units, up 83 per cent.

According to Savills Vietnam, in HCM City market, apartments saw the highest new supply and transaction volume in the quarter. Around 11,800 units were launched from 17 new and another seven existing projects, up 20 per cent quarter on quarter (QoQ) and over 100 per cent YoY.

This was the largest new supply by a quarter over the last five years. Almost 7,700 units found buyers, up 47 per cent QoQ and 86 per cent YoY.

Projects with good locations, investment opportunities, developed infrastructure and comprehensive urban planning attracted buyers’ attention, Savills Vietnam said.

In the future, the new exchange rate mechanism that was applied from December 2015 would not make any remarkable impact on the Vietnamese real estate market, An said.

The Vietnamese dong remains stable compared to other foreign currencies in the region, she explained, adding that Vietnamese still account for 90 per cent of investors in the real estate sector, and domestic capital flows dominate the market.

According to the CBRE experts from Singapore and Hong Kong, Vietnam’s exchange rates remain stable and positive among other Southeast Asian countries.

They attributed the attractiveness of Vietnam’s property market to a growing population that has led to increased demand for housing.

Meanwhile, with the revised Law on Housing and Law on Real Estate Business coming into effect from July 1, 2015, the market recorded a certain level of interest from foreigners in major high-profile projects by reputable developers in both Ha Noi and HCM City, according to CBRE Vietnam.

As the market is developing towards a more open and internationalised environment, while overall pricing is still attractive as compared to other matured markets, it is expected that more foreign buyers will look into Vietnam market as more guiding laws are issued to foster investment activity.

Both homebuyers and developers need to prepare for a changing market with evolving laws and regulations: Compliance and transparency are important in managing these changes.

The demand growth on the domestic property market will remain positive this year, supported by continued strong investor sentiment and the availability of housing credit, according to property consultancy Jones Lang LaSalle (JLL) Vietnam. — VNS