real estate market

Update news real estate market

Foreign investment to help reduce affordable housing shortage

While domestic realtors have avoided the affordable housing market, foreign investors have poured money into the segment.

Ministry agrees to tax multiple properties to prevent speculation

Deputy Minister of Finance Nguyen Duc Chi said the Ministry of Finance (MOF) agrees with the proposal on taxing second and subsequent houses to prevent speculation and ensure the transparent and stable development of the real estate market.

Housing prices rise, spurred by speculation and land-related costs

At a housing project in Hung Yen, apartments have quoted prices of VND7-8 billion, but the real price buyers must pay is VND750 million higher, or a price gap of 10 percent.

Banks slash selling prices of mortgaged real estate, still can’t find buyers

Many properties used as collateral for loans and foreclosed by commercial banks remain unsold, largely because many Vietnamese fear the bad luck of the previous owners may transfer to them.

MOC seeks to convert resettlement apartments to social housing use

The Ministry of Construction (MOC) believes that converting resettlement apartments to social housing is the best solution to the problem of thousands of idle apartments.

Land prices artificially inflated in Hanoi, few transactions recorded

Real estate brokers say some land plots with the highest bid price of VND133.3 million per sq m at a recent auction in Hoai Duc district eventually sold for an additional VND200 million per plot.

New regulation eliminates land-use tax on social housing sales

Under the 2023 Housing Law, since August 1, 2024, the sellers of apartments at social housing projects have not had to pay 50 percent of land use fees.

HCM City land prices in suburban areas could soar by 50 times

After the press conference on July 29 about the draft decision on adjusting land price levels, the HCM City Department of Natural Resources and the Environment continued to answer the public’s inquiries.

Older apartments are selling well, prices rise as demand is high

As the supply of new apartments remains low, leading to price increases, people are buying older apartments instead.

New land law expected to help real estate sector to recover

The real estate market will not recover promptly as it will take more time for the new Land Law to be applied, according to experts.

In gloomy market, major realtors are also suffering

Real estate firms in Vietnam continue to face difficulties as real estate shares fluctuate unpredictably.

Real estate market is lackluster, but housing prices remain high

Many offers to sell property with attractive discounts of up to hundreds of millions of dong still exist, but houses remain very expensive.

Foreigners allowed to own houses without land-use right

The Ministry of Construction (MOC) has proposed that the government conclude that housing ownership by foreign individuals should not include not land-use rights. In addition, foreigners should be allowed to extend the house ownership period once.

Vietnam’s real estate thirsty for M&A deals

Mergers and acquisitions between domestic and international real estate developers were down in the first half of the year, but could be a future bright spot with Vietnam boasting attractive economic fundamentals and investors biding their time.

Major realtors sell assets as property market remains stagnant

Many enterprises have had to sell assets and subsidiaries to get cash and survive the current difficult period, as the property market faces weak liquidity and a decline in revenue.

Property market: multi-billion dong golf course to be located on mountain

Cocobay Da Nang, the super project in Da Nang, and a multi-billion dong golf course in Bac Giang were the leading news items last week.

More than 90 per cent of real estate exchanges reduce revenue

The Vietnam Association of Realtors (VARs) has reported that more than 90 per cent of the real estate exchanges recorded a decrease in revenue in the first quarter of this year compared to the same period last year.

Government needs to spend money to help spur growth in property market: expert

Pumping money into real estate firms is like pouring money into a bottomless pocket. Instead, the government needs to spend money as ‘bait capital’ to attract investors to the market.

Land prices in Hanoi’s Old Quarter soar, but few transactions reported

The land and houses in the Old Quarter of Hanoi are at sky-high levels. In some areas, the price of one square meter is equal to the value of an entire apartment in the non-central business area.

NA economic committee opposes property trading via exchange

The Economic Committee of the National Assembly (NA) has recommended against making it mandatory for real estate products to be traded through an exchange, citing concerns over potentially higher prices and fees.