TIGHTENED CREDIT EXPECTED TO STOP REAL ESTATE BUBBLE
[16-02-2016] Loans pouring into the real estate sector are expected to be tightened given that the sector is said to be experiencing robust growth. In a draft document issued by the State Bank of Viet Nam circulated for the opinion of financial institutions, the risk index of receivable lending for real estate and securities might be raised from 150 per cent (the lowest level) as stipulated in Circular No 36, to 250 per cent.
M&A CONTINUES TO DOMINATE REAL ESTATE MARKET
[11-02-2016] The recovery of the property market along with many open policies and incentives have created favourable conditions for real estate corporations with strong financial resources. Novaland, for example, a well-known investor, has been involved in many merger & acquisition (M&A) deals in the real estate market in recent years.
VND30 TRILLION PROPERTY SUPPORT PROGRAMME STILL UNDERWAY: OFFICIAL
[02-02-2016] The government's VND30 trillion (US$1.33 billion) property support package will continue to be implemented until June 1, an official from the central bank said. State Bank of Viet Nam (SBV) Deputy Governor Nguyen Thi Hong affirmed the continuation at the government's meeting last Friday, after some media reports said several credit institutions had stopped financing within the programme.
APARTMENT PROPOSAL DRAWS MIXED REACTIONS
[01-02-2016] The construction ministry is drafting a circular about the classification of apartment buildings, which is drawing mixed opinions from both experts and developers. According to the draft circular, apartment buildings that were put into use from the beginning of July 2015 would be classified into A, B and C.
HOUSING PROJECTS TURN ATTRACTIVE TO FOREIGN BUYERS
[22-01-2016] Around 1,000 foreigners have registered to buy homes in HCMC, especially luxury ones, six months after the 2014 Housing Law went into force, according to the HCMC Real Estate Association (HoREA).
IPS TO SEE MORE FOREIGN FUNDING
[20-01-2016] Foreign investment in HCM City's industrial parks and export processing zones is expected to rise this year as Viet Nam is scheduled to sign the Trans-Pacific Partnership (TTP) on February 4, according to the HCM City Industrial Parks and Export Processing Zones Authority (HEPZA).
APARTMENT MARKET IN TWO MAJOR CITIES RISING
[18-01-2016] Viet Nam's real estate market is expected to continue recovery this year after gaining good business results last year, with the market reaping benefits from favourable macro conditions, experts said.
CENTRAL BANK TO CONTROL PROPERTY LOANS
[19-01-2016] The central bank will control property loans to limit risks this year, an official told a meeting in HCM City late last week. State Bank of Viet Nam deputy governor Nguyen Phuoc Thanh said that although credits grew positively with the majority of loans poured into production and business activities last year, many banks pumped too much capital into the real estate market.
