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
Vietnam: When will the real estate liquidity recover?
When will real estate liquidity in Vietnam recover? Experts say that if the loan interest rate is below 10% and remains stable, cash flow will return to the real estate market.
Dojiland holds topping-out ceremony for Haiphong’s tallest building
HCMC – Local real estate developer Dojiland recently held a topping-out ceremony for the 186-meter-tall Diamond Crown Haiphong tower, the tallest building in the northern city. The event was attended by local officials, representatives of project architecture consultants and construction firms,
Some projects are starting to have liquidity again
After a long period of freezing, real estate has shown more positive signs; some projects have begun to have liquidity again. For the past 4 weeks, a project in Binh Tan, Ho Chi Minh City, has increased consumption in the primary market.
Over 500 realty firms exit market in January-May
HCMC – More than 500 real estate businesses had pulled out of the market in the year to May, up 30.4% over the same period last year, data from the Foreign Investment Agency at the Ministry of Planning and Investment showed. The number of new market entrants also dropped 61.4% compared to the same
Around 100 projects eligible for VND120-trillion credit package
HCMC – Around 100 projects have been found eligible for soft loans in the VND120-trillion credit package since it was rolled out one month ago. Speaking at a National Assembly discussion yesterday of the nation’s socio-economic performance this year, Minister of Construction Nguyen Thanh Nghi
VND120-trillion package not for real estate rescue: Deputy PM
HCMC – The VND120-trillion credit package is not intended to rescue the struggling real estate sector but to achieve the target of building at least one million social homes by 2030, Deputy Prime Minister Tran Hong Ha said at a meeting held yesterday, May 24. The package is designed to support
