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Five real estate exchanges suspend operation in one month

HCMC – Five real estate exchanges were shut in late 2022, the Housing and Real Estate Market Development Division with the HCMC Construction Department reported.

The city has 61 real estate exchanges, having been established since 2017, five of which closed in December 2022.

These included the Wonderland real estate exchange of the Gia Luat Group Company Limited in District 3, the Hiep Long exchange of the Hiep Long Management and Development JSC in Tan Binh District, the DPV exchange of DPV Property JSC in District 3, the Milestone Land exchange of Impact Investment Consultancy Company Limited in Thu Duc District and the Trung Thinh exchange of the Trung Thinh Development Company Limited in District 6.

Earlier, the Hoang Anh real estate exchange, located in District 10, ceased operation in September.

In October 2022, the department announced its plan to check compliance with the law of real estate exchanges in the southern metropolis. Accordingly, it would inspect the exchanges’ activities of trading, renting, and listing and information disclosure about properties.

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