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
New apartment supply in Hanoi plunges to eight-year low
HCMC – Hanoi City saw new apartment supply tumbling to an eight-year low last year, but the average primary home price remained high, at about VND47 million per square meter, up 15% year-on-year, according to Savills Vietnam’s 2022 report. In 2022, a mere 12,640 new apartments were put up for sale
Construction Ministry orders review of aging apartment buildings
HCMC – The Ministry of Construction has told local authorities to review aging apartment buildings and quickly upgrade and repair deteriorating ones as soon as possible. The ministry also asked provinces and cities to allocate funds for apartment repair and upgrade projects and direct the