Vietnam: Drop of 70% real estate transactions in Lam Dong Province
In the first quarter, Lam Dong province recorded 3,542 transactions via the notary office, a decrease of nearly 9,000 transactions compared to last year.
Still on a mountain of debt
The Government’s Decree 08 and Resolution 33 have given a much-needed lifeline to cash-strapped real estate firms as the bonds they issued would fall due soon. However, analysts see the decree and resolution as a temporary solution, as bond issuers are still sitting on a mountain of debt. Due to
Ownership certificates to be issued to condotels
HCMC – Buyers of condotels, tourist villas, shophouses and officetels can receive ownership certificates even if their properties are built on commercial and service land, but these certificates will be rendered invalid when the use of such land expires. This issue has remained unsolved over the
Soft loans for buyers of social homes
HCMC – Buyers of social homes will be entitled to a preferential interest rate within five years from the disbursement date, reported the local media. From April 1 to the end of June 30, annual interest rates of 8.2% and 8.7% will apply to buyers of social homes and investors of social housing
Dong Nai approves US$3-billion urban area project
HCMC – The government of Dong Nai Province has approved of a 293-hectare urban area project worth more than VND72 trillion (US$3 billion) in Pho Island in Hiep Hoa Commune, Bien Hoa City. Hiep Hoa urban area would have an estimated population of 31,600 residents and cover 293 hectares of land. Of
Diamond Lotus Riverside eco-apartment project for better health and life quality
As a green apartment project located close to the heart of HCMC, Diamond Lotus Riverside features modern and eco-friendly utilities that meet all the requirements for better health and quality of life for its residents. Diamond Lotus Riverside is located at 49C Le Quang Kim Street in HCMC’s
PM acts to deal with realty market woes
HCMC – Prime Minister Pham Minh Chinh has signed Document 178 ordering the lifting of hindrances to the real estate market and boosting the development of this sector. Earlier, the Government issued Resolution 33 on the same matter, under which the Ministry of Construction, the Ministry of Finance
Landed house ownership proposal for foreigners needs review
HCMC – The National Assembly Standing Committee has asked the Government to review a provision in the draft of the revised Housing Law that allows foreigners to own landed houses. If the draft is passed, foreign individuals and organizations can own homes in Vietnam, including landed ones with
Moonlight 1 An Lac: A Premier Residential Project by Hung Thinh Group
Moonlight 1 An Lac is an upscale residential development situated in Binh Tan District, Ho Chi Minh City, Vietnam. This project is developed by the renowned Hung Thinh Group, a leading real estate company in Vietnam with a strong track record of successful projects. Moonlight 1 An Lac aims to
HoREA suggest using lottery firms’ profit for land development
HCMC – The HCMC Real Estate Association (HoREA) has proposed allowing local authorities to use annual profit from State-run lottery firms to finance land development. The proposal was sent to the National Assembly Standing Committee while the draft of the revised land law has been passed around
Housing finance
Vietnam’s depressed property market has led to calls for government intervention in credit markets to help overextended property developers and to stimulate demand for housing. Lessons from international experience suggest that there is scope for government action to improve the operation of the
Proposed time limit for apartment ownership gets thumbs down
HCMC – The National Assembly Standing Committee has not thrown its weight behind the time limit of apartment ownership as proposed in the draft of the revised Housing Law. Earlier, the Government proposed apartment ownership be terminated when it expires or when authorities order apartment
