Latest News about land fever
Land prices recently soared by VND30-50 million per square meter in some places, but the number of successful transactions was modest.
The Ministry of Natural Resources and Environment has told local authorities to inventory land and report on land use.
A “land fever” is spreading throughout the country, from the North to the South, from the lowlands to the mountains. Everywhere, the price for land of all kinds, from housing to industrial to farming land is increasing.
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.
The Ministry of Construction (MoC) and the Ministry of Natural Resources and Environment (MONRE) have requested provinces and cities review State management on land prices amid 'land fever' in some localities.
In recent years, any news of a project proposal by authorities in even very remote villages of Vietnam gives sudden rise to a flurry of activities.
The State Bank of Vietnam (SBV) has asked the relevant agencies and banks to ensure strict control over real estate credit, especially in localities known to show signs of land fever, the local media reported.