real estate market
Corporate bond issuances have revealed the presence of Tan Hoang Minh in a number of slow-moving projects in Hanoi.
The COVID-19-hit rental real estate market is bouncing back from hibernation as the successful vaccination campaign nationwide has allowed the reopening of economic activities, pushing up demand.
Commercial spaces on HCM City’s main streets do not have many takers since rentals remain too high.
Land prices have been escalating not only in large cities but rural areas as well.
Vietnam's real estate market needs stricter regulations to standardise real estate brokers for the domestic property market to operate transparently.
Affordable housing in HCM City has all but disappeared.
Improving supply and providing transparent information about property projects are the most important solutions that will help prevent speculation.
Imposing property taxes on houses is not a radical solution to build a healthy market, experts say. Taxation will make the real estate market, which is in difficulties because of legal problems and short supply, become even more deadlocked.
Inflating land prices via auctions is one of the biggest problems of the real estate market. It creates an artificial land fever in the market and deprives people of opportunities to own accommodations.
Though the winners of Thu Thiem land auctions withdrew their purchase contracts, the land market in HCM City remains hot, and the prices of some projects are escalating.
While some people support the Ministry of Finance’s (MOF) plan to tax houses, others warn that taxation is not feasible and this may bring the opposite effect.
Many large enterprises are signing M&A deals for projects that are currently on hold, and then quickly finishing construction to bring the products to market in a short time frame.
Liquidity has increased sharply over the last three trading sessions, especially since February 24, when Russia triggered the latest war with Ukraine. Cash flow is strong with liquidity of VND30 trillion each trading session.
Real estate developers are spending more time preparing documents for investment and many projects are under legal examination or inspection, contributing to a housing shortage.