Foreign entities and individuals can now own up to 30% of the residential apartments in a building, including mixed-use developments, under a new decree effective on August 1.

The supply of new apartments in Hanoi increased fourfold in the second quarter of 2024 from the previous quarter, Nguyen Hoai An, Senior Director for the research and consulting division at CBRE Vietnam, said at a press conference on July 9.

Apartment rents in Ho Chi Minh City have surged by up to 28% since last year, especially in the mid-priced and high-end segments.

Apartment prices in Hanoi have witnessed a significant surge of 20-33% within the first two months of the year.

The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.

VOV.VN - Vietnam is striving to build 130,000 apartments for low-income earners and workers in industrial parks this year in line with a Government Resolution issued in January 2024, said the Ministry of Construction.

The real estate markets in Vietnam’s two largest cities, Hanoi and Ho Chi Minh City, indicated signs of recovery amid protracted woes in the final months of last year, according to a Savills report.

A high-end apartment project named "Midori Park the TEN" had its work started in Binh Duong New City, the southern province of Binh Duong, on January 12.

The Ministry of National Defence’s COECCO Corporation on December 27 handed over an apartment building for officials and public servants of Xaysomboun – a newly-established and disadvantageous province of Laos.

VOV.VN - Vietnam saw over 1,900 serious fire incidents between October 1, 2022, and September 30, killing a total of 144 people and injuring a further 113 others, including 93 major cases causing significant loss of life and property, according to the Ministry of Public Security.