Land rental rates could be increased
(Mar 07, 2014)
The Finance Ministry has proposed increasing land rental rates as part
of a draft decree on land rental, water surface rental and land use fees
that will likely be submitted to the Prime Minister next month.
The Phu My Hung Development Corporation has officially announced two model apartments for its new project, Green Valley, in District 7 of HCM City.
The Moscow-based State Development Company on March 4 began the construction of a US$90 million tourism complex in the central Khanh Hoa Province's Cam Ranh Peninsula.
Ha Noi's residential inventory declined throughout last year due to falling property prices, according to Savills Vietnam's measurement, released on March 3.
Land in suburban areas in the capital's communes, such as Co Nhue and
Phu Dien in Tu Liem District, Thach Ban in Long Bien District, have
shown positive signs and remain attractive.
The local property market has shown signs this year that property
development will continue, after a weak 2013, according to experts.
The Novaland Group on February 23 announced that it would cooperate with investors to finish the construction of three incomplete apartment complexes in HCM City.
Apartment buyers and sellers can now negotiate the length of ownership
for apartments instead of a fixed term as at present, according to the
Ministry of Construction.
Deputy head of the State Bank of Viet Nam's Credit Department Tran Xuan
Chau said the bank wants solutions to accelerate disbursement of the
VND30-trillion housing package for low-income people.
Viet Nam's real estate industry is expected to attract more foreign
investors, even though the domestic economy is forecast to still face
challenges this year, according to experts.
Ha Noi's apartment market is gaining traction because of lower prices,
but sales in faraway suburbs are still tepid due to the depressed
socio-geographic features of these areas.