Ministry proposes methods for determining land prices
HCMC – The Ministry of Natural Resources and Environment has proposed four methods of land price establishment and coordinated with local authorities to build the initial land price list, according to Minister Dang Quoc Khanh. During the National Assembly session, Minister Khanh addressed some key
Lawmakers call for enabling social housing for lease
HCMC – A National Assembly (NA) deputy has expressed concerns that current social housing policies are more focused on promoting homeownership rather than fulfilling people’s right to accommodation. During a NA session on June 19, Nguyen Van Hien, a legislator and head of the Institute of
Gov’t removes condo ownership time limit from draft law
HCMC – The Government has agreed to remove the time limit on apartment ownership from the draft of the revised Law on Housing, according to the construction minister. Speaking at the NA’s sitting today, June 19, Minister of Construction Nguyen Thanh Nghi acknowledged that setting a duration for
NA economic committee opposes property trading via exchange
HCMC – The Economic Committee of the National Assembly (NA) has recommended against making it mandatory for real estate products to be traded through an exchange, citing concerns over potentially higher prices and fees. Currently, real estate in Vietnam is not required to be traded through an
Pho Yen - 'Bright spot' of Thai Nguyen real estate
Pho Yen City (Thai Nguyen) welcomes the wave of urbanization with outstanding urban projects worth living, which meets living needs and have great potential for business development or profitable investment.
'Real estate businesses in Vietnam are like people about to drown'
Real estate businesses simultaneously fell into a state of "suffocation" for a long time and were like people about to drown, according to VARS.
Construction Ministry to aid real estate market recovery
HCMC – Prime Minister Pham Minh Chinh has instructed the Ministry of Construction to assist in revitalizing the long-dormant real estate market, as current reports indicate that only 30-40% of property brokerages are able to remain operational. During the Government meeting held in May, the
HCMC real estate market shows signs of improvement: experts
HCMC – Local experts are hopeful for a potential but gradual rebound of the real estate market in HCMC. Since May, the outlook for the city’s housing sector has brightened due to three interest rate cuts by the central bank and policy responses from the Government, according to the Vietnam News
Thai Nguyen Province Vietnam seeks investors for trillion-dollar urban area projects
Recently, the Thai Nguyen Province Vietnam Ministry of Planning and Investment has continuously notified and invited interested investors to register and implement urban and residential projects there.
Housing prices in HCMC 32.5 times higher than average household income
HCMC – For individuals with middle and lower incomes, owning a home in a major city like HCMC is an unattainable dream, as housing prices are 32.5 times higher than the average income of a Vietnamese household. According to a report released by the Urban Land Institute (ULI), home prices in HCMC
Finance minister proposes social home prices require prior approval
HCMC – Finance Minister Ho Duc Phoc, speaking at the National Assembly (NA) session on June 5, emphasized the need for authorities to give prior approval of social home prices. Social housing projects are developed either by state agencies or companies. Minister Phoc suggested that if the projects
Only 30-40% of real estate brokerages stay afloat – VARS
HCMC – The sluggish real estate market has left adverse impact on property brokers and developers nationwide, with operational real estate brokerages accounting for 30-40% of the total in late 2022. A market report released on June 6 by the Vietnam Association of Realtors (VARS) said 554 real