Around 3,000 to 4,000 real estate agents in HCMC have quit their jobs between January and November as new housing supply dwindles.
Vietnam rolled out an affordable housing program, but when its billion dollar allocation ran out, many projects stalled.
Despite a small supply of new projects at rather high prices, both investors and experts are optimistic about the prospects of this market – with good reason.
Saigon land prices have increased 2.5-3 times every decade in the last 20 years, putting house ownership beyond most residents.
Real estate consultancy notes key factors for developers to consider for sustainable integrated developments.
Central Khanh Hoa Province has ordered a real estate developer to terminate 20 contracts selling apartments to foreigners, saying the sale was unauthorized.
Many foreigners are keen to buy high-end apartments in Vietnam but the process is anything but straightforward.
Supply and consumption of condotels and resort villas fell by double digits in Q3 as the ‘ghost month’ held investors back.
The Vietbuild International Exhibition with the theme 'Real estate - Architecture - Interior and Exterior Decoration' will be held in HCM City from September 25 to 29.
Real estate in coastal central localities has proved its attractiveness to both investors and buyers thanks to the booming tourism industry.
The clean land fund in central areas is becoming depleted, which has prompted investors to eye land plots in neighboring provinces.
The General Statistic Office (GSO) announced on August 16 that it has started a process to revise the country’s GDP calculation.
Investors are looking for industrial and logistics assets via forming joint-ventures with local industrial property developers or purchasing land and operating real estate, according to Jones LaSalle Vietnam Co. Ltd.
VOV.VN - Equity purchases overwhelmed the influx of foreign direct investment into Ho Chi Minh City during the first half of 2019 whilst the southern metropolis saw a moderate number of new FDI firms established during the reviewed period.
Foreign investment flows into Vietnam’s property sector through merger and acquisition transactions have been reported to be on a strong momentum, with outstanding deals made in 2018 and the first half of 2019.
Bond issuance is becoming an ideal channel for real estate firms to raise capital as credit policies for property development are gradually being tightened, experts said.
As the State Bank of Vietnam has tightened the control over real estate loans to ensure sustainable development of the market and safety of the banking sector, property transactions have fallen down in both Hanoi and Ho Chi Minh City in the first six months of the year, experts said at a recent meeting in Hanoi.
The number of real estate transactions in HCMC has fallen 49 percent year-on-year in the first three months of 2019.
The domestic real estate market in the second half of this year is not expected to witness significant changes in price due to stability in supply, according to experts.
Some Hanoi apartment developers use gold plating, but many of their projects remain unfinished for years and some are in legal limbo.
