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Image: Lending rate of 4.8% to be offered for social housing

Lending rate of 4.8% to be offered for social housing

HCMC – The prime minister has issued Decision 486 authorizing the Vietnam Bank for Social Policies (VBSP) to offer a preferential lending rate of 4.8% per year to loans for buying and lease purchase of social homes and building or repairing houses. The bank is requested to take full responsibility

Image: Selling off real estate was forced to cut the price by half in the south of Vietnam

Selling off real estate was forced to cut the price by half in the south of Vietnam

Many houses near Saigon and the southern provinces lowered the selling price by 30%, but the buyer wanted to reduce the cost by 50%. The price difference was significant, causing the transaction to stagnate.

Image: High interest rate makes social home loans unattractive

High interest rate makes social home loans unattractive

HCMC – The high interest rate discourages eligible individuals from taking out loans to buy social homes, according to a recent survey of HCMC residents. Four major State-owned commercial banks – Agribank, BIDV, Vietcombank and VietinBank – have been entrusted by the central bank SBV to make soft

Image: Tien Giang greenlights two urban projects worth VND2.9 trillion

Tien Giang greenlights two urban projects worth VND2.9 trillion

HCMC – The government of Tien Giang Province has approved two large urban projects with a total investment cost of nearly VND2.9 trillion. The two projects are the Nguyen Trong Hop urban area and a residential project along the Eastern Beltway in Long Hung Commune, Go Cong Town. The Nguyen Trong

Image: Seven more real estate projects in HCMC get help

Seven more real estate projects in HCMC get help

HCMC – The HCMC authorities have allowed seven more property projects to sell 50% of their off-plan homes and receive home ownership certificates, raising the number of city-aided projects to 13 to date. The HCMC Real Estate Association (HoREA) said that of the seven projects, six belong to Hung

Image: VND120-trillion package for social housing sees few takers

VND120-trillion package for social housing sees few takers

HCMC – Though things are ready for the rollout of a soft loan package worth VND120 trillion, disbursement has been far slower than expected as there are almost no takers, said banks. They were speaking at a recent conference on bank credit and the implementation of Circular 02/2023. Phung Thi

Image: Government proposes issuing land price lists annually

Government proposes issuing land price lists annually

HCMC – The Government has submitted a draft of the amended Land Law to the National Assembly, proposing land price lists be annually issued to closely track market prices. Provincial land price lists are currently issued every five years under the 2013 Land Law to provide a basis for calculating

Image: VCRE, Nobu Hospitality to develop project in Danang

VCRE, Nobu Hospitality to develop project in Danang

HCMC – Viet Capital Real Estate (VCRE) and Nobu Hospitality, a luxury lifestyle brand, signed a deal this morning, April 25, to develop a complex of hotels, restaurants and residences in Danang City. The signing ceremony took place at the GEM Center in HCMC, with the participation of Trevor

Image: Authorities to oversee prices of social homes

Authorities to oversee prices of social homes

HCMC – The Ministry of Construction would inspect the real estate sector, particularly social housing projects that are offered at higher prices than normal, said the ministry at its quarterly press conference on April 24. With many social housing projects advertised to be sold at a price hundreds

Image: Multiple realty firms exit market in Jan-Mar

Multiple realty firms exit market in Jan-Mar

HCMC – The number of real estate businesses pulling out of the market surged in the first quarter of this year while new market entrants dropped sharply, according to the Ministry of Construction, At a press conference on April 24, Hoang Hai, director of the Housing and Real Estate Market

Image: Da Nang cancels suspended projects to attract investors: Land reservation in focus

Da Nang cancels suspended projects to attract investors: Land reservation in focus

According to the Management Board of Da Nang Hi-tech Parks and Industrial Parks, for projects that are slow to implement, the project's withdrawal will have to comply with regulations fixed and will take time. However, the unit will try to speed up the recovery of unfeasible projects to have more

Image: The secret to revitalizing the real estate market: Ditching dependence on bank credit

The secret to revitalizing the real estate market: Ditching dependence on bank credit

Sharing before the announcement of the annual Vietnam Economic Review 2022 report with the theme of Real estate market stability and development, Prof. Dr. To Trung Thanh, co-editor of the publication, Head of the Department of Scientific Management, National Economics University, said: 'The