The HCM City Real Estate Association has urged the Government to enlist the property industry as affected sectors by the COVID-19 outbreak and to be eligible for VAT and land-use fee payment postponement.
Housing prices continue to rise rapidly in HCM City because of a shortage of new supply, increasing population and lack of transport infrastructure in outlying areas.
The HCM City Real Estate Association (HoREA) has proposed solutions for suspended property projects to avoid damages to the property market, project backers and the State.
The HCM City housing market will continue to grow this year, especially the VND1 billion condo segment, the HCM City Real Estate Association (HoREA) has predicted.
The bad debt in the real estate sector could be resolved if steps are taken to resume suspended projects, according to the HCM City Real Estate Association (HoREA).
Although amendments to Circular 36 are needed, they should be
implemented gradually to avoid policy risks and difficulties to
commercial banks, online news portal Bizlive quoted bank officials as saying.
The HCM City Real Estate Association (HOREA) has proposed the State Bank of Viet Nam (SBV)''s regulations on lending limits and capital adequacy ratio requirements for credit institutions, including branches of foreign banks not be changed at the moment.
A proposed decree to guide the recent amendments to the Law on Real
Estate Business that requires housing developers to get guarantees from
banks before they can sell or lease out units needs to be more specific
to ensure safety, a developer has...