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Update news estate

Some 30,000 - 35,000 apartments are expected to launched officially in Ho Chi Minh City this year, mainly contributed by Vinhomes Grand Park project, said the real estate services provider JLL Vietnam.

Serviced apartments face fierce competition in Hanoi market

 In the fourth quarter (Q4) of 2019, Ha Noi saw fierce competition in the serviced apartment segment, according to Savills Vietnam.

 

Home supply plummets due to hesitations by investors, buyers

The supply of homes plummeted on the local market in 2019, as inspections of construction, investments and land use at some property projects left a chilling effect on investors.

CBRE: HCMC condo market sees falling supply

HCM City’s condominium recorded a significant fall in new launch supply and new pricing levels across the market in 2019, according to CBRE Vietnam’s latest report “Property Insight - Residential Market Outlook 2020”.

Remittance soaring to benefit real estate projects?

With the market warming up at the end of last year, the number of real estate deals has also been on the rise thanks to soaring remittances.

Khanh Hoa warns about illegal sale of tourism property to foreigners

 The Khanh Hoa Province Department of Construction has warned over the illegal sale of tourism properties to foreigners, asking project developers to comply with the established laws.

 

Muong Thanh Hotel investor sues Danang authorities

Dien Bien Construction Private Company No 1 has lodged a lawsuit against authorities in Danang City after being asked to dismantle a part of their construction in Ngu Hanh Son District.

Land prices set far higher

Many localities have raised their land prices by up to 70%, while on the national scale the Government is expected to issue a new price framework, driving up prices by 30%.

 

Land ownership for foreigners in Vietnam

The policy on allowing foreigners to own houses associated with land in Vietnam has been studied and considered very carefully.

 

Big real estate firms to join Hanoi’s old apartment building projects

Nineteen real estate companies have been selected for renovating and rebuilding 30 old apartment buildings in Hanoi.

Apartment supplies in Vietnam to drop by 25%

The number of apartments eligible for sale in HCMC and Hanoi is estimated to fall 25% this year, reaching 43,000 units, according to a report by property platform batdongsan.com.vn.

 

Investor violations slow home ownership certificate issuance

The slow issuance of home ownership certificates, commonly known as pink books, to residents living in apartment buildings is largely due to investors’ violations of regulations on mortgages and construction.

US$80 billion green building investment opportunities available in Vietnam

Some 65.7 million more people will live in urban areas in Vietnam by 2050, and this represents investment opportunities worth up to US$80 billion for the nation’s green construction sector over the next 10 years.

Housing list may not match demand

Hanoi’s recently-released list of housing ventures for foreign homebuyers may draw in less interest than expected as reputable developers are not involved, and complex legal barriers tower on the horizon.

Fulfilling the potential of the risky condotel market

In light of the Cocobay Danang situation, Mauro Gasparotti, director of Savills Hotels APAC, writes on his expectations of the condotel market in Vietnam, and what solutions could be found to ease the situation.

Experts warn of risks of condotel projects

Buyers of condotel units are at stake since they have made their investment decisions based on what brokers have said and on their trust in project developers without obtaining sufficient information.

Real estate woes seen looming next year: VNREA

The real estate market in 2020 is likely to face multiple challenges, Nguyen Tran Nam, chairman of the Vietnam National Real Estate Association (VNREA), told the 2019 Vietnam Real Estate Forum on Wednesday.

 

Property developers disregard green space regulations

Although real-estate development projects are required by law to incorporate parks and gardens in their area zoning, many investors in HCM City are blatantly disregarding this. 

 

Experts concerned over land price hike

Multiple experts have expressed concern over the Ministry of Natural Resources and Environment’s proposal to double the land prices, as higher prices will result in higher land use fees for businesses and residents.

 

Foreign investment in realty M&As surges

Foreign investment in Vietnam through mergers and acquisitions (M&As) in the real estate sector between January and October 2019 rocketed 235% from a year earlier to a record high value of US$1.75 billion, data showed.