The amended 2020 Investment Law is expected to expand housing supply.
Investors of delayed housing projects to be fined
Investors of housing projects that lag behind schedule will be fined VND400-600 million each, according to the Government’s newly-issued regulations.
Hanoi completes nearly 546,000 square meters of floor area in 2021
Despite the ongoing impacts of the Covid-19 pandemic, housing development is still being promoted.
Renovation of old apartment buildings must keep social cohesion: experts
The old apartment buildings represent one of the architectural landmarks in Hanoi's history, telling people the historical story of the capital city.
Hanoi to review housing projects for foreigners
The city will control foreign investment in the real estate area as well as their transfer of collected money abroad to prevent money laundering, transfer pricing and tax evasion.
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.
Construction Ministry’s proposal on low-cost apartments heats up market
The Ministry of Construction (MOC) has proposed offering preferences to real estate firms that develop low-cost housing with the selling price of no more than VND20 million per square meter.
Housing projects to see more inspections
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.