The Ministry of Finance (MoF) has recently proposed imposing property taxes on real estate transfers based on the length of time properties have been owned, but the Ministry of Justice (MoJ) said the idea is not feasible.

Land prices in Hanoi stayed at high price levels in the third quarter, while they decreased slightly by 5-7% in some projects in Ho Chi Minh City, according to Ministry of Construction’s (MOC) real estate bulletin on the third quarter.