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Update news HoREA
VietNamNet Bridge - Real estate ranked fourth among the most attractive business fields for foreign investors, with registered FDI capital of $1.15 billion in the first half of the year.
VietNamNet Bridge - Since the Housing Law took effect in July 2015, 549 land-use right certificates (red books) have been issued to foreign individuals and institutions who have bought houses in Vietnam.
HoREA has sent a dispatch to central agencies, proposing to amend articles of the 2013 Land Law. It believes that foreigners buying houses in Vietnam need to be recognized as land users (for no more than 50 years).
Experts have urged state management agencies to take necessary measures to drive the current strong cash flow into real estate out of the market as prices are increasing, depriving low-income earners of the opportunity of owning houses.
VietNamNet Bridge - The stable political certainties in Vietnam and high GDP growth rate have created a firm foundation for the next development stage of the real estate market.
VietNamNet Bridge - The real estate market saw a boom in M&A deals in the second half of 2016 and the trend continues in the first months of 2017.
Fifty-five real estate firms have listed their shares on the bourse so far with the total capitalization value of VND215 trillion. However, a lot of big players still want to seclude themselves from the public.
VietNamNet Bridge - The Ministry of Construction and the Hanoi Fire Prevention and Fighting Police are considering setting up requirements on rooftop helipads for buildings over 100 meters high (about 30 stories or more).
VietNamNet Bridge - The 2014 Housing Law, which allows foreigners to own houses in Vietnam, has prompted real estate developers to introduce their projects overseas.
VietNamNet Bridge - The sharp increase in the supply plus changes in policies related to the real estate market have led to a considerable decrease in the number of property transactions.
VietNamNet Bridge - The number of newly set up real estate firms has been on the rise, while commercial banks are pouring more money into real estate projects.
VietNamNet Bridge – The new regulation making it mandatory for property developers to make deposits is hurting both enterprises and home-buyers, as it is expected to be eventually absorbed into the selling price.