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HCM city real estate

HCM City real estate tax revenue jumps 50%

HCM City real estate tax revenue jumps 50%

Revenue from personal income tax and registration fees associated with real estate transactions in HCM City has surged by 50 per cent to reach over VNĐ6.54 trillion (US$257.6 million) in the first nine months, according to data from tax authorities.
HCM City real estate revenue up 6% in H1

HCM City real estate revenue up 6% in H1

Real estate revenue in HCM City reached VNĐ124 trillion (US$4.9 billion) in the first half of the year, up 6.1 per cent year-on-year, according to the HCM City Statistics Office.
HoREA recommends increasing construction density of low-cost housing projects

HoREA recommends increasing construction density of low-cost housing projects

If this proposal is accepted by HCM City, it will increase the supply of social housing on the market and reduce the cost of social housing due to compensation and site clearance.
Social housing buyers and renters are hesitant to borrow from preferential credit package

Social housing buyers and renters are hesitant to borrow from preferential credit package

According to the HCM City Real Estate Association (HoREA)''s report sent to the VCCI, this concern is about high-interest rates of preferential loans under this credit package for social housing buyers and renters.
HCM City real estate market recovers slowly but steadily

HCM City real estate market recovers slowly but steadily

The HCM City real estate market has shown signs of recovery this year, with a 10 per cent year-on-year increase in the value of total transactions.
HCM City real estate market to recover in H2

HCM City real estate market to recover in H2

The market is expected to fully recover from 2025 onward, driven by the Government’s policies and support from real estate enterprises.
HoREA proposes private housing buyers access preferential loan packages

HoREA proposes private housing buyers access preferential loan packages

The HCM City Real Estate Association (HoREA) has proposed allowing private housing buyers to access a credit package of VNĐ120 trillion (US$4.87 billion) to promote real estate consumption growth.
Extension of pilot resolution on bad debt settlement proposed

Extension of pilot resolution on bad debt settlement proposed

According to HoREA, the pilot resolution has d conditions for credit institutions to effectively manage bad debts since 2017, especially collateral assets of real estate projects, but it expired on December 31, 2023.
Realty association calls for push-back of effective date

Realty association calls for push-back of effective date

Article 3 of Decree No.08 stipulates that three specific articles in Decree No.65, one regulating professional securities investors, one regulating time intervals between bond issues, and one regulating bond issuers credit ratings, will no longer be in effect as of December 31, 2023. 
HoREA proposes credits for real estate firms to pay for maturing bonds

HoREA proposes credits for real estate firms to pay for maturing bonds

The HCM City Real Estate Association (HoREA) has proposed commercial banks lend to real estate firms so they can fund maturing bond obligations amid ongoing market turbulence.
HoREA proposes removing regulations on termination of apartment ownership

HoREA proposes removing regulations on termination of apartment ownership

The Housing Law amendment draft''s articles 25 and 26 no longer feature contentious concepts like a definite term for apartment ownership or the extension of the term of apartment ownership as in previous drafts. 
Real estate industry has a hard time getting back on its feet post-COVID

Real estate industry has a hard time getting back on its feet post-COVID

Real estate businesses in HCM City are gingerly reopening, mostly consulting and carrying out transactions online due to the COVID-19 prevention and control regulations still in force.
Ministry warns about illegal trading of social housing projects amid limited supply

Ministry warns about illegal trading of social housing projects amid limited supply

The Ministry of Construction has warned about illegal trading of social housing projects amid a scarcity of affordable homes nationwide.
Tax policies for property sector must be carefully studied: finance ministry

Tax policies for property sector must be carefully studied: finance ministry

Tax policies for the real estate sector must be carefully studied and introduced at the appropriate time to ensure feasibility and limit speculation.
HCM City real estate market to look up this year: experts

HCM City real estate market to look up this year: experts

Surging demand, the resolution of legal hurdles and the gradual containment of the COVID-19 pandemic make the real estate industry sanguine about 2021.