4:39:05 PM | 4/5/2010
The Hanoi Real Estate Club officially debuted recently at the Nam Hai Resort in Phu Xuyen district, Hanoi. The formation of the club is a leap toward realising the goals of providing information, connecting consumers and investors, eliminating bad brokerages and unofficial price-fixing information and helping to set up a clean and transparent property market.
With the principle of “honouring the profession, connecting the community”, right from its inception, the Hanoi Real Estate Club has admitted 99 official members, many holding key positions in leading property companies like CEOs or directors.
Mr Nguyen Huu Cuong, General Director of Cuong Phat Group, said the Hanoi Real Estate Club was not only a place for those involved in real estate to learn and seek cooperation and investment opportunities, but is also trustworthy place for house buyers to find the best fit. “We guarantee that property products of the club have full legal records and minimal middle stages,” he said.
Ms Le Thi Lan Anh, Chief of Administration and Personnel Department of TSQ Vietnam Company and Permanent Vice Chairman of the Club, added: “In recent years, the property market has attracted a large amount of investment capital, and prices of houses and land are driven above the real value. Profit from this market is so big that it masks high risks. Sometimes, bubbles took shape and threatened the opportunity of homebuyers. The Hanoi Real Estate Club will guide real customers to low-risk but efficient investments. Members of the club are real estate entrepreneurs and investors, so clients will therefore receive the best services, safe transaction documents, original prices or reasonable differentials. When investment capital is safe, customers will feel less worried and be at ease raising capital. This means that projects will be sold to the right consumers, improving the reputation and image of the club.”
As a non-profit social organisation, the Hanoi Real Estate Club has built strict operating regulations since its inception. Executive and consulting boards are constituted by experienced real estate investors and developers holding key positions in large-scale corporations. On its launching day, the club raised VND28 million for the club operating fund and VND11.5 million for tree planting fund at Nam Hai Resort. The club is also committed to holding social and charitable activities to help disadvantaged people and A/O-infected children. Besides, the club also pays attention to improving the spiritual life of club members, aiming to increase the cohesion of its members.
Ms Lan Anh also added that the Hanoi Real Estate Club was just a small part of the market mechanism. The club will not be able to eliminate all corrupt and dishonest brokerage service, rampant in the market, but in the immediate future the club will try to provide better services for customers by reducing intermediaries and promoting direct contact with investors. This will help them to reduce costs and, most importantly, to provide fully legal and safe documents.
Luong Tuan
Vietnamese
