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Update news housing projects
The amended 2020 Investment Law is expected to expand housing supply.
Investors of housing projects that lag behind schedule will be fined VND400-600 million each, according to the Government’s newly-issued regulations.
Despite the ongoing impacts of the Covid-19 pandemic, housing development is still being promoted.
The old apartment buildings represent one of the architectural landmarks in Hanoi's history, telling people the historical story of the capital city.
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.
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.
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.
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.
HCM City authorities will carry out regular checks of housing projects to ensure they have the stipulated green areas, with a focus on large projects already occupied by residents.
VietNamNet Bridge – Despite recent signs of recovery, the real estate market in HCMC is still facing risks such as an unclear development orientation, a lack of transparent market information and an imbalance between supply and demand.
VietNamNet Bridge – His modest appearance, humble clothes and particularly the inseparable traditional bamboo pipe popularly used by farmers and ordinary people make Le Thanh Than much far from a successful businessman.
VietNamNet Bridge – Of over 4,000 licensed housing development projects throughout the country, 287 have been canceled because the investors could not mobilize enough capital.
VietNamNet Bridge – The Ministry of Construction’s proposal to stop licensing housing projects, despite strong opposition from the real estate sector, has gotten the nod from the Deputy Prime Minister Hoang Trung Hai.
VietNamNet Bridge – Believing that it is better to tighten supply to help reduce inventories, the Ministry of Construction (MIC) is planning to not grant more licenses to housing projects.
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VietNamNet Bridge – Real estate inventory has decreased more than 26 percent compared with the first quarter 2013 quarter, mainly in the segment of small and medium sized apartments, said Minister of Construction Trinh Dinh Dung.
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VietNamNet Bridge – Unable to arrange capital to implement real estate projects, losing money in risky investment deals, a lot of big guys in the real estate sector have gone missing to escape the public punishment.
VietNamNet Bridge – The landscape of Con Son-Kiep Bac special national heritage site in northern Hai Duong Province's Chi Linh Town is facing a high risk of being damaged due to the proposed construction of several multi-storey houses in the area.
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