Update news estate

Red boards with this phrase appear densely on Hanoi streets

“Shop for rent”, “space for rent”, “house for rent”, … are the phrases that appear most on the streets of Hanoi after two months of social distancing.

Construction ministry gives opinion on transfer of part of multi-billion dollar super-project

The Hanoi Construction Department has sent a dispatch to the Ministry of Construction (MOC), asking for guidance on procedures that parties have to follow to transfer a part of the Ciputra urban area project.

New tax put forth to restrain speculation

Hanoi and Ho Chi Minh City are proposing a series of solutions to impose extra tax after a recent request from the prime minister to readjust the real estate market to limit investment flows into unused property from speculation.

Hanoi wants to tax abandoned villas

Hanoi has proposed to the Ministry of Finance the imposition of a tax or fine on owners of half-finished and abandoned townhouses and villas which were causing considerable waste of land resources.

Finance Ministry considering easing tax burden on individual landlords

The General Department of Taxation under the Ministry of Finance is studying a proposal on increasing the threshold of taxable revenue for individual landlords renting out houses.

Domestic office market sees difference in demand of foreign tenants

Hanoi and HCM City have seen different demands among business tenants from Japan and South Korea, according to Savills Vietnam.

Property inventory falls to 3,300 apartments in Q1

The country’s apartment inventory was estimated at some 3,300 units by the end of the first quarter of the year, falling 5,700 units compared to the same period last year, according to the Ministry of Construction (MoC).


Large groups report high profits

A series of large corporations reported a sudden increase in profits in the first quarter of 2021 and a positive outlook for the whole year despite the impact of the Covid-19 pandemic. This was an unusual development but was not too surprising.

Strong supply keeps pouring into the industrial market: JLL

The supply of industrial property in the South is expected to rise further in the next five years to capitalise on the increasing demand in the region, and further strengthen its leading position in terms of supply, according to JLL Vietnam.

Foreigners allowed to buy houses in 17 real estate projects in Da Nang

The Da Nang Department of Construction has made public a list of commercial housing projects in which foreign organizations and individuals are allowed, or not allowed, to buy apartments or houses.

Da Nang warns about property speculators

The Da Nang Department of Natural Resources and Environment has warned that the tricks of several property speculators could drive up land prices in the central city after recent announcements of adjusted master planning.

Ministry asks for tightened management on condotels, officetels, shophouses

The Ministry of Construction has asked provincial and municipal people’s committees to tighten management on condotels, officetels, resort villas and shophouses 


Ministry proposes not allowing conversion of condotel into residential projects

The Ministry of Public Security has proposed not granting ownership certificates to allow condotels, tourist villas and officetels to be turned into residential projects.


Marketing now a must for homestay owners due to COVID-19 pandemic

As she owns one of the most beautiful villas in Tam Dao Golf Course, Nguyen Thanh Hang had never spent a penny promoting her Sapphire Villa but was still fully booked most of the time.


HCMC property developers ask for loosening of corporate bond policies

The HCM City Real Estate Association (HoREA) has asked for corporate bond regulations to be loosened to help businesses get through the COVID-19 pandemic, local media have reported.


Construction Ministry approves tiny apartments

The Ministry of Construction has issued a new circular allowing developers to build commercial apartments measuring 25 square meters each, with effect from July 1. 


Brighter condotel future set for both investors and buyers

With new guidance on granting ownership being issued in Vietnam, condotel investors are seeing a light at the end of the tunnel after more than two years of uncertainty.

Vietnam’s two big cities lead region in dynamic growth: JLL

HCM City and Hanoi continue to lead the momentum in Southeast Asia, ranking third and seventh among the most dynamic cities in the world, according to the City Momentum Index recently issued by property consultant Jones Lang LaSalle.

HCMC luxury residential segment expects bright prospect for 2020

HCMC luxury residential segment expects bright prospect for 2020

Local property market to recover this year

Local property experts have forecast that the domestic real estate market will recover this year.