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Update news Vietnam real estate market
Following the recent controversial auction of land in the Thu Thiem New Urban Area in HCMC’s Thu Duc City, the Ministry of Natural Resources and Environment has proposed sanctions against firms winning land auctions but later canceling the deals.
Blockchain technology, which has become a tool for information storage and security, is not only known in the field of virtual currency but also in other business fields.
Tan Hoang Minh, the winner at the auction for a land plot in an advantageous position in the Thu Thiem new urban area, has unexpectedly quit the game. The move has raised many questions.
Land prices escalated despite Covid-19, which forced many people to tighten their purse strings.
A new movement has arisen among real estate investors amid the pandemic – leaving large cities for the countryside where they open a homestay or farmstay to meet people’s demand to be close to nature.
Apartment prices have increased to a new level, particularly in center city areas.
More and more highrises have benn built in recent years, but many of them have been left idle.
Big investors are pouring money into properties in the suburbs, which they had previously ignored.
Having sold 20 taels of gold for more than one billion dong, Nguyen Hong Minh in Hanoi doesn’t know what she would do with the money.
While flashy profit figures have made the real estate market an attractive target for many developers, the doors remain partly shut for newcomers.
The new outbreak of Covid-19 and the heavy fluctuations of financial investment channels are creating big challenges for the real estate market.
The condotel market has faced a gloomy period due to low absorption rate while inventory has been on the rise, experts said.
Asia Pacific’s commercial real estate market has felt the brunt of COVID-19 so far this year, with a sharp decline in investment volumes and rental prices across most major commercial asset classes, according to real estate services firm JLL.
COVID-19 has had a strong impact on the global economy, and the property market has not managed to escape the blow.
Here are the opinions of local and foreign industry players on Vietnam's property market.
Japanese investors, after years of working with different markets, have concluded that the real estate market in Vietnam appears to be most attractive in Southeast Asia.