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.
The Government's new VND30 trillion bank loan package is providing positive signals to Vietnam's gloomy real-estate market, said the Director of the State Bank's Credit Department, Nguyen Viet Manh.
The property market remains gloomy and requires combined efforts by relevant players, including a restructure of investments by developers to recover, analysts said.
(VOV) - Experts believe that in spite of the challenges clouding the sector’s outlook, the real estate market is bound to recover over the next two years.
Houses and apartments in major cities have gone up in price, three or four times higher than the per capita income growth rate.
The Ministry of Natural Resources and Environment's General Department of Land Management reported that while overseas Vietnamese bought apartments in the country, foreigners rarely did so.