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Image: PM acts to deal with realty market woes

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

Image: Landed house ownership proposal for foreigners needs review

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

Image: Moonlight 1 An Lac: A Premier Residential Project by Hung Thinh Group

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

Image: HoREA suggest using lottery firms’ profit for land development

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

Image: Housing finance

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

Image: Proposed time limit for apartment ownership gets thumbs down

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

Image: Thanh Da condo complex relocation behind schedule

Thanh Da condo complex relocation behind schedule

HCMC – A project to replace eight blocks in the Thanh Da condominium complex in Binh Thanh District, HCMC has been carried out slower than expected due to legal and compensation issues, according to the local media. In April 2022, the groundbreaking ceremony for the construction of Blocks IV and

Image: HCMC calls off major commercial complex project

HCMC calls off major commercial complex project

HCMC – The HCMC government has announced its decision to cancel a commercial complex project which has been put on hold for 16 straight years. The HCMC departments of Investment-Planning and Justice have been tasked with preparing paperwork for the cancellation of the project invested by the

Image: HCMC hikes coefficients for land prices

HCMC hikes coefficients for land prices

HCMC – The HCMC government has raised the coefficients for land prices applicable to the compensation and resettlement plans in the city this year, with effect from this Saturday, March 18. The highest coefficient is set at 25 for residential land and 38 for agricultural land. The coefficients for

Image: VND120 trillion credit package for social housing to be rolled out

VND120 trillion credit package for social housing to be rolled out

HCMC – The Government has assigned the State Bank of Vietnam (SBV) to implement a credit package of VND120,000 billion for developing homes for the poor and workers, and renovating or re-building aging apartment blocks. The SBV, the country’s central bank, was tasked with directing commercial

Image: Real estate bonds cause real headache

Real estate bonds cause real headache

Let the creditors cleanse the real estate market. They know better than all others how to deal with their money. Background In 2023, there will be some VND130 trillion worth of real estate bonds reaching maturity. Now that the property market’s liquidity has tumbled, and many projects have ground

Image: HCMC sets deadline for removing hindrances to four realty projects

HCMC sets deadline for removing hindrances to four realty projects

HCMC – The HCMC People’s Committee has told relevant authorities to work out plans this month to eliminate regulatory bottlenecks for four of seven real estate projects facing legal issues in the city. The city government has announced a conclusion by Bui Xuan Cuong, vice chairman of the city,