PROPERTY M&A TREND HIGHER IN 2017
Both in terms of quantity and quality, 2017 has shaped up to be a landmark year for mergers and acquisitions in the property sector. According to Phan Xuan Can, director of SohoVietnam, a mergers-and-acquisition (M&A) broker for many large-scale projects, Vietnam’s real estate market is attracting M&A notice from developers, investors, and brokers alike.
HOTEL REAL ESTATE NEEDS BETTER PLANS
Viet Nam’s hotel and resort real estate needs to have a comprehensive plan to ensure its development is on the right track. According to Mauro Gasparotti, director of Savills Hotels Asia Pacific, the hotel and resort property market of Viet Nam was growing, driven by strong increase in the number of foreign tourist arrivals in recent years.
HCM CITY ISSUES NEW LAND DIVISION REGULATIONS
HCM City People’s Committee has issued new land division regulations which allow large plots of land to be divided into smaller plots, including land plots that have been part of delayed plans that have yet to be implemented.
PROPERTY MARKET STAYS STRONG
Strong economic growth since 2015 has created a thriving domestic property market that is likely to continue next year, said Construction Minister Pham Hong Ha.
The Minister told the first annual Vietnam Real Estate Forum in Hanoi this week that the market’s growth had made significant contributions to the country’s socio-economic development.
HCM CITY PROPOSES TO EASE HOUSE OWNERSHIP TO OVERSEAS VIETNAMESE
Hindrance on granting house ownership certificates to overseas Vietnamese should be removed to encourage the investment into the local real estate market, Ho Chi Minh City People’s Committee said.
CITY TO AUCTION LAND FOR BUILD-TRANSFER PROJECTS
HCM City plans to put projects under the Build-Transfer (BT) investment model under more scrutiny by auctioning land instead of offering it in exchange for infrastructure.
CITY EYES LARGE TAX ON SECOND HOMES
The HCM City People’s Committee has proposed that the Ministry of Construction apply a high tax on second and subsequent homes, as well as when there are a high number of real estate transactions within a year.
HCMC MULLS HIGHER TAX ON SPECULATIVE PROPERTY TRADING
The HCMC Government has proposed the Ministry of Construction increase the property tax on owners of the second home and land lot that change hands within a year, an apparent move which is aimed at warding off real estate speculation.
