BIEN HOA PROPERTY MARKET BOOMING
The property market in Bien Hoa City in Dong Nai Province has been booming in the last few months. Prices of properties located near HCM City have increased by 10–20 per cent since Tet (Lunar New Year), while in the city centre they have increased by 10–25 per cent on average, though in some places they have gone up by 60 per cent.
LAW AND PRACTICE ON LAND ACCESS OF VIETNAMESE BUSINESSES
The Ministry of Justice is carrying out the Prime Minister's Directive 01/CT-TTg on rectifying and strengthening land management and building land information system. To achieve this objective, the ministry has conducted a review for revision of legal regulations on land access. This matter has a great impact on business rights and business performance and land access is a problematic area and receives a lot of recommendations from investors.
EXPERTS SEE PROPERTY MARKET UNTURN IN RUN-UP TO TET
The HCM City real estate market will be positive from now until the Lunar New Year in early 2019, according to HCM City Real Estate Association (HoREA). The year-end is usually the time when Vietnamese buy property.
FOREIGN CASH KEEPS FLOWING INTO REAL ESTATE MARKET
Foreign investors, mostly from Asia, continue making serious investments in Vietnam’s real estate sector. Japanese Hinokiya and Vietnamese TWG are moving ahead with a plan to set up a joint venture to develop real estate projects in Vietnam after signing a cooperation agreement on June 22.
HO CHI MINH CITY ASKS FOR REGULATIONS ON OFFICETELS, CONDOTELS
Ho Chi Minh City People’s Committee has sent a document to the Government Office to ask Prime Minister Nguyen Xuan Phuc to issue regulations on officetel, condotel and resort management.
REAL ESTATE TRADING FLOORS STRUGGLE TO SEEK SUPPLIES
Housing supply in Ho Chi Minh City is on the downward trend with the number of products increasingly limited, making it hard for real estate trading floors to find supply sources.
MOST CONSTRUCTION FIRMS EXPECTED TO PERFORM BETTER IN Q3
Up to 57.3 per cent of construction businesses are expected to perform better in the third quarter of 2018, according to the General Statistics Office (GSO).
HCM CITY IN PROPERTY BOOM
The HCM City housing market will continue to grow this year, especially the VND1 billion (US$44,000) condo segment, the HCM City Real Estate Association (HoREA) has predicted. Le Hoang Chau, its chairman, said the VND1 billion segment would be the most liquid while the luxury segment will be restructured in line with actual demand.
