Latest News about land prices
Official land prices (called the coefficient or K coefficient) in HCM City will remain unchanged this year amid the rising cost of goods and challenges facing the economy, effective from June 18, said HCM City's Vice Chair Le Hoa Binh.
Many enterprises would rather use their capital to buy and sell land than make investments to scale up their production.
As the VND30 trillion preferential credit package has ended, many realtors and clients have fallen into a difficult situation.
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 play of children in Hoa Binh was interrupted recently by luxury cars passing by driven by wealthy people who were seeking to buy land in their home village.
Realtors typically seek profits by developing the investment value of land, rather than by increasing land prices.
Tens of millions of dollars poured into infrastructure together with new planning projects have added vibrancy to Hanoi’s real estate market,
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.
Realtors and securities investors have been pocketing big money in recent months.
No longer seen as a profitable investment segment, apartments are not selling well as investors have shifted to buy land instead.
Land prices unexpectedly escalated after Tet holiday, though Vietnam is still struggling with Covid-19 and people have had to tighten their purse strings during the pandemic.
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.
While other land markets are hot, Da Nang remains very quiet, prompting many investors from Hanoi and HCM City to collect land plots in advantageous positions in "bottom fishing" deals.
Land prices in some areas skyrocketed after rumors spread about new airport projects, helping some investors to get rich but causing many others to go bust.
HCM City authorities have announced that the city will maintain land prices at the current rate for the next five-year period (2020-24) as approved by the People’s Council.
While there are few, if any, signs of the real estate bubble bursting in 2020, the Ministry of Construction said that land prices could increase in some areas.
Many localities have raised their land prices by up to 70%, while on the national scale the Government is expected to issue a new price framework, driving up prices by 30%.
The real estate market in Long Thanh District in Dong Nai Province, site of the proposed new airport, has entered an upward spiral following the National Assembly Standing Committee's passage of a resolution to dissolve