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
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
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
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
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
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
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
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
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
HCMC govt helps five realty projects out
HCMC – The HCMC People’s Committee has allowed five property businesses to raise funds for 50% of their off-plan properties, equal to 5,432 apartments following many meetings to help the sector tackle its woes. The HCMC Real Estate Association (HoREA) said on April 18 that the five projects
Five projects were handled problems, the real estate market in Ho Chi Minh City received more than 5,400 apartments
While waiting for the review of legal procedures, the investor of 5 real estate projects in Ho Chi Minh City has been allowed to raise capital for 50% of the product, providing more than 5,400 apartments to the market.
Kim Oanh partners with Sumitomo Forestry to develop realty projects
HCMC – Local real estate developer Kim Oanh Group and Japan’s Sumitomo Forestry Group recently signed a cooperation agreement on launching large-scale real estate projects. The partnership will lead to the establishment of KS Sustainable Development JSC, a joint venture between the two companies.
