Controversy has arisen over the Ministry of Construction’s draft of the amended law on real estate trading as it requires real estate products to be traded on an official exchange.

Wealthy Vietnamese are ready to spend millions of dollars to buy super-luxury properties.

Many prop-tech startups are facing challenges, though it is a new market with potential in Vietnam.

The branded residence market is gaining a stronger foothold in the Vietnamese market with potential to further develop, shaping the lifestyle of the country’s elite, according to experts.

Many investors have quit large-scale investment projects capitalized at trillions of dong.

Minister of Finance Ho Duc Phoc noted that there are many loopholes in land management, and one unreasonable decision is enough to cause VND100 billion or VND1 trillion to be lost.

The State Bank of Vietnam's decision to raise credit growth targets for banks is expected to create favourable conditions for businesses to lend capital, including real estate firms, according to experts.

According to the Ministry of Construction (MOC), many individual real estate brokers do not declare and pay taxes as required by the law. Current regulations don’t have tools to control this, which causes loss of revenue to the state budget.

Tran Thi Thu Huong of Khai Hoan Land Group (KHG) has been listed among Vietnam's top 200 richest people, while her husband, Nguyen Khai Hoan, Chairman of the Board of Directors of Khai Hoan Land, among top 100.

As huge volumes of corporate bonds are about to fall due and credit is being tightened for the real estate industry, the possibility of bond-issuing property firms defaulting on debt is high.

Although the housing market in HCMC has recovered since early this year, backed by the rises in supply and transactions, the future prospect remains somber.

Prime Minister Pham Minh Chinh has ordered relevant agencies not to tighten bank loans to the real estate industry irrationally, but inspections must be intensified to detect and strictly handle violations in accordance with the law.

The real estate market will face more challenges in H2/2022 because of cost-push inflation, interest rate increases and limited lending, while property prices will cool down, according to VNDirect’s latest report.

Credit expansion is good news, but not for the property sector, as banks have poured too much money into it, experts said.

Although real estate experts are worrying about a debt of VND 360 trillion ($15.6 billion) in bonds that will be due date in the 2022-2024 period, some businesses have returned to issuing bonds for potential investments in their next periods.

Building a solid and long-term legal basis for corporate bond issuance is an urgent solution to build a capital market for the real estate sector.

Removal of the land price framework issued by the Government will make the market more transparent and prevent real estate from skyrocketing.

Real estate and stocks which are seen as risky investment vehicles are facing strict financing controls. Manufacturers have begun to feel the squeeze as they have found it harder to borrow from banks.

As the tightening of lending and corporate bond issues is hitting the property sector, the market is doomed to grapple with severe financial hardships.

Amid global inflation, the super-rich are still pouring money into luxury real estate. In some Asian markets, for example, Singapore, house prices rose 4.1% in the first half of 2021 as Asian tycoons looked for a safe haven.