Tran Thi Hong Hanh, 49, director of HCMC-based realty firm Hoang Kim Land, has been detained for alleged asset misappropriation, reported the local media.

The Hanoi Department of Construction has announced a list of 16 housing projects in which foreigners can buy.

The 14.58% growth rate is higher than the average credit growth of the economy.

Hundreds of real estate projects in Ho Chi Minh City have been suspended over the last two years, with many reasons being flouted for delays.

Proptech is playing an increasingly important role in information provision and the buying and selling of properties.

The Ministry of Construction and localities must conduct inspections on urban areas that may have violated their approved plans and issue strict punishments if violations are found, Deputy Prime Minister Trinh Dinh Dung said.

Whenever information on infrastructures of a town gets leaked, even as a mere proposal of the government, real estate prices of that area would immediately go up.