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Update news real estate market
The deadline for the first round of Thu Thiem land use fee payment has expired, yet none of the four winners of the land auction on December 10, 2021 perform its duty.
Garden and agricultural land is attracting buyers because of anticipated profits during “land fever” spells.
When the State applies measures to stimulate demand and support economic recovery after a deflation period, the real estate market may become overheated if this is not controlled well, according to the Ministry of Commerce (MOC).
The development of a real estate database has not been in line with the market in Vietnam over the years.
In the first trading session of 2022, Vietnam's stock market reached a historic peak of 1,517.95 points, and trading volume of over 526 million shares, equivalent to more than 16,688 billion VND.
Buyers who postponed their apartment purchase plans as they thought prices would fall after a long period of increasing prices now say they made a mistake. The prices have increased by 10-15 percent.
In 2021, Lam Dong provincial authorities asked the Nam Da Lat Urban Area project developer to pay compensation of VND19 billion for 257 hectares of forestland.
There is much concern over recent unusual high bids at auctions held by some businesses that could possibly cause some upheaval in the real estate sector as a whole.
The luxury and mid-priced apartment segments will continue to lead the market in 2022, while affordable apartments will remain scarce.
The Police Agency for Investigation of Crimes on Corruption, Economy and Smuggling (C03) of the Ministry of Public Security has asked the Hanoi People's Committee to provide documents related to projects based in Hanoi of the Tan Hoang Minh Group.
While affordable apartments are no longer seen in Hanoi and HCM City, apartments priced at hundreds of billions of dong are becoming popular.
Land fever has attacked not only large cities but also rural areas, leaving young people without hope of buying a house.
Tan Hoang Minh Group has sent a letter to the Party, State and Government leaders, and HCM City People’s Committee about its decision to withdraw from Thu Thiem land purchase that it won at auction in mid-December.
Around 26,000 apartment units are expected to be launched in Hanoi in 2022, signaling a vibrant outlook for the segment, according to real estate service provider Cushman & Wakefield (C&W) Vietnam.
The real estate market has ended a year of profound impacts with some very encouraging news as both domestic and foreign developers are finally speeding up the construction of new projects.
The National Assembly this morning began discussing the amending of eight laws.
Price escalation is occurring everywhere, from rural to urban areas. People are buying land at surprisingly high prices.
Despite the ongoing impacts of the Covid-19 pandemic, housing development is still being promoted.
Land fevers, apartment price escalation, new tendencies and land auctions were the key features of the real estate market in 2021.
The real estate market is predicted to recover and develop healthily in 2022 after experiencing a year of upheavals in 2021.