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.
Beneficiaries of VND120-trillion loan package need to be specified
HCMC – Deputy Prime Minister Tran Hong Ha has asked the Ministry of Construction to draw up lists of projects, beneficiaries, and lending criteria under a credit package worth VND120,000 billion. Speaking at a meeting on April 16 with a task force formed to help the real estate sector deal with
Quang Binh Province Vietnam will be an Asian adventure tourism center
Quang Binh is oriented to be the most attractive destination in Vietnam, the center of adventure tourism in Asia, associated with Phong Nha - Ke Bang National Park.
Ministry of Construction proposes no time limit for condo ownership
HCMC – The Ministry of Construction has proposed not setting a time limit for condo ownership in the draft of the amended Housing Law, citing concerns over huge impact on society. In March, the Government sent the National Assembly Standing Committee the draft that included a proposal for imposing
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
