Business News

[17-11-2015] Office-tel developments, which combine residential and commercial uses in one apartment, are mushrooming in HCM City and are expected to lead the market in future. Le Hoang Chau, chairman of the HCM City Real Estate Association, said many developers were now investing in office-tel projects unlike a few years ago, indicating the segment's popularity.

[17-11-2015] Recently the Vietnamese real estate market has experienced strong growth with plentiful supply across all segments and sectors. People now have more choices, trading is getting better and better. However, the market’s recovery doesn’t mean a peace of mind for investors, as the liquidity of the market is concentrated mainly on the medium and high-end segments.

[16-11-2015] Although the Housing Law of 2014 created favorable conditions for foreigners to own houses here, buying a home is still no easy matter for foreigners given the legal complexity of the real estate sector in Vietnam. The following notes may be useful to foreigners thinking of getting on the residential property ladder. First, the buyer must be qualified under the applicable laws.

[11-11-2015] Industrial zones (IZs) in the southern key economic zone (HCM City, Binh Duong, Ba Ria – Vung Tau and Long An) have seen a high level of investment for three years because of free trade agreements (FTAs) of which Vietnam is a member.

[23-10-2015] ASEAN investors had registered a total of over US$16.6 billion in property projects in Vietnam as of June with Singapore firms accounting for 60%, according to the Foreign Investment Agency (FIA).

[20-10-2015] Residents of high rise apartment buildings are concerned that management boards are squandering maintenance fees. According to the law, the owner of an apartment has to pay an extra two percent of the total apartment sale price for the maintenance of facilities inside the building.

[15-10-2015] Along with the warming up of the property market, idle money was eyeing resort property as a second home and an investment with promising returns. Industry experts found that owning a resort property as a second home was becoming a popular trend amid the country's socio-economic development boosting citizens' income, urging them to look for investment channels for their idle money.

[14-10-2015] Amidst the recovery of the property market, complicated procedures and capped profits have deterred investors from converting their projects into social housing projects, noted the HCM City Real Estate Association. The situation has put developers of many commercial projects that were registered in the past three years to be converted into social housing projects in a dilemma.