Central Khanh Hoa Province has ordered a real estate developer to terminate 20 contracts selling apartments to foreigners, saying the sale was unauthorized.

As many as 1,030 apartments will be available in 2021 for low-income people at the price of 8 million VND (343 USD) per square metres in Thanh Lam-Dai Thinh 2 new urban area in Me Linh district, Hanoi city.

Some Hanoi apartment developers use gold plating, but many of their projects remain unfinished for years and some are in legal limbo.

More foreigners are buying apartments and investing in real estate in Vietnam, especially in Ho Chi Minh City, with most of them coming from mainland China, Japan, Singapore and the Republic of Korea.

Once the casino project under Laguna Lang Co integrated complex is approved, the investor plans to develop and take the casino into operation by 2021 with 500 electronic gaming machines and 50 card shufflers. These figures will increase four times by 2029.

HQC USA LLC, a member of Vietnamese property developer Hoang Quan Group, recently held a groundbreaking ceremony for a US$40 million mixed-use development project at Tacoma city, Washington.

The construction ministry has approved a developer’s request to build 25-square-meter apartments.

The Ministry of Construction (MoC) has allowed the Dat Lanh Real Estate Company to temporarily apply the minimum areas of 25 sq.m for its commercial apartments. However, the apartments should still ensure enough functional space for living.

HCM City Real Estate Association (HoREA) forecast that the needs of affordable housing, low cost commercial, social housing and low cost apartments for lease will approximate 1 million apartments in the next decade as current supply has met only 13% as of total demand in the city.

Vice Chairman of the Ho Chi Minh City People’s Committee Le Van Khoa asked relevant departments to improve management and take measures to tackle factors that could create the conditions for a property market bubble.

he local real estate market has recovered but the State should provide policies to develop small and cheap apartments due to increasing demand, according to the Vietnam Real Estate Association (VNREA).

Ho Chi Minh City will follow the neighboring Binh Duong Province, a major industrial hub, to develop its own affordable housing program for low-income workers.

There is an abundant supply of housing, prices are steady, lending to developers and home buyers is increasing, and bad debts are low, according to a quarterly report issued by the Ministry of Construction in September.

Research by real estate services provider Savills Vietnam published recently showed that more than 80% of people who bought a second home in the central city of Danang are from Hanoi.

On July 9, developer Gamuda Land Vietnam is going to launch apartments in The TWO Residence at the club house in Gamuda Gardens for sale.

The Hanoi Department of Natural Resources and Environment has decided to crack down on investors who delay the issuance of land use certificates, known as "red books", to home buyers.

A parking space can cost up to hundreds of millions or even up to nearly VND1 billion at Hanoi’s modern apartments.

A staggering 16,500 apartments in HCMC were sold in the first half of this year, reports of CBRE Vietnam show.

Demand for social housing units in the 2016-2020 period is estimated at 200,000 units if the demand for 2012-2015 (700,000 units) can be met by the end of this year, according to the Ministry of Construction (MoC).

Dubai property developer Limitless will this year restart its Halong Star mixed-use residential and tourism project in the northern province of Quang Ninh, which was delayed for several years due to the company’s financial difficulties.