HCMC builds roadmap for issuing apartment ownership certificates
HCMC – The HCMC Department of Natural Resources has mapped out a plan for issuing ownership certificates to 81,000 apartments, reported the Vietnam News Agency. According to a report sent to the city government, the department divides commercial housing projects into six groups. Of which, group 1
'Da Nang City Vietnam has many opportunities to develop high-class real estate'
Tourism, infrastructure, and economic breakthrough create advantages for Da Nang City, Vietnam, to develop high-end projects, according to a Vietnam Real Estate Association representative.
The investor of the Aqua City project lost 136 billion VND
Aqua City Co., Ltd - an enterprise owned by Novaland with 70% of capital - last year reported a loss of 136 billion dong, while in the same period announced a profit of more than 730 billion dong.
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
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.
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
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
