Property

Update news Property

Hanoi and Ho Chi Minh City are proposing a series of solutions to impose extra tax after a recent request from the prime minister to readjust the real estate market to limit investment flows into unused property from speculation.

Domestic office market sees difference in demand of foreign tenants

Hanoi and HCM City have seen different demands among business tenants from Japan and South Korea, according to Savills Vietnam.

Property inventory falls to 3,300 apartments in Q1

The country’s apartment inventory was estimated at some 3,300 units by the end of the first quarter of the year, falling 5,700 units compared to the same period last year, according to the Ministry of Construction (MoC).

 

Domestic property market sees recovery

The Ministry of Construction believes the domestic real estate market has overcome the most difficult period due to positive developments in the market as well as the whole economy in the fourth quarter of 2020.

Housing market to have brighter prospect this year: experts

The Vietnam Real Estate Brokerage Association forecasts the housing real estate market in 2021 to have more optimistic developments due to the effective prevention of the COVID-19 pandemic and domestic economic recovery momentum.

Property prices expected to rise 10 percent in 2021

Real estate prices in 2021 are expected to increase by 10 percent over the previous year, said Nguyen Van Dinh, deputy general secretary of the Vietnam Real Estate Association (VNREA).

Vietnam sees signs of recovery in hospitality segment: Savills

October saw the highest occupancy levels in Ha Noi and HCM City since the second quarter of the year.

Developers’ commitment to Vietnam illustrating strengths

After a period of strong negative impacts caused by the pandemic, real estate investment activities in Asia-Pacific and Vietnam in particular started to show signs of recovery in the second half of the year,

Price gap between inner and surrounding area fall in Ha Noi market

A recent survey by Savills found that gap of property prices are narrowing between urban and surrounding areas as more facilities are offered to compensate for outer locations.

 

Land prices frame proposed to be more market-based

HCM City People’s Committee recently proposed the land prices frame be more market-based because large gaps with the market prices have caused significant losses to budget collection.

 

Hotels for sale due to COVID-19

The decline in the number of visitors and revenue due to the COVID-19 pandemic has led many investors to sell their hotels.

Number of hotels on sale reaches record in Vietnam

Hotels for sale is reaching a record number in a decade in Vietnam.

Share of real estate in the economy

The added value share of the real estate sector in gross domestic product (GDP) has gradually declined due to its lower growth versus the overall growth of the economy

 

Vietnam rises in global real estate transparency index: JLL

Hanoi and Ho Chi Minh City have contributed to the country's higher rank in the 2020 index.

Real estate expert proposes policy allowing foreigners to own land

A policy allowing foreign individuals and organisations to buy and own houses and construction works in Vietnam will help lure investment and high quality human resources from the outside to the country for national development, 

Domestic property market faces uncertainty

The domestic real estate market is hoped to have growth in the fourth quarter of this year and before the Lunar New Year 2021 if, by this year-end, the domestic economy is restored to levels from before the COVID-19 pandemic.

 

Hanoi moves towards approving construction of third Aeon Mall

The proposed construction of a parking lot and the Aeon Mall Hoang Mai Trade centre will soon be decided upon by the Hanoi People's Committee as Prime Minister Nguyen Xuan Phuc has approved the adjustment of the city's construction planning.

 

Real estate booms in HCMC's suburban areas

The real estate market is picking up in the areas surrounding Ho Chi Minh City as inner-city options become limited and the infrastructure of these provinces is improving.

Allowing foreigners to buy tourism property developments needs careful consideration

The Ministry of Construction’s proposal to allow foreigners to buy tourism property developments in Viet Nam needs careful consideration, experts have said.

 

COVID-19 could shake up realty rent market in Vietnam

Le Thu Cuc pastes a notice in her cafe to tell her customers she will continue serving them in a cafe 500m away.