Investment in condotels remains appealing despite defaults in profit commitments by property developers, but a clear legal framework is needed to protect investors’ rights, according to experts.
Supply of landed houses and villas in HCM City is short since developers are wary of this segment due to high costs and extended procedures, experts said.
The HCM City Real Estate Association (HoREA) on April 10 urged the city to speed up the inspections of suspended property projects to protect real estate enterprises’ legitimate rights and prevent losses.
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.
HCM City''s real estate market is facing several problems like multiple agencies having overlapping functions and other administrative bottlenecks, high land use fees, suspension of all build-transfer projects, and difficulty in getting credit, said Le Hoang Chau, chairman of the...
Sales of land plots have decreased significantly in HCM City in the last 10 days in districts 2, 9 and Thu Duc, where so-called land fever had broken out over the last few months.
The housing market in HCM City''s western part has recently become attractive, especially apartments in the affordable segment costing around VND2 billion (US$87,000), analysts said.
Making property information available to the public was critical
to improve the market''s transparency but the information must be
adequate and accurate, experts said.
Prime Minister Nguyen Tan Dung has approved the State Bank of Việt Nam''s
(SBV) proposal to extend the VNĐ30 trillion (US$1.3 billion) housing
stimulus package until disbursement of all associated funds is
completed.
Mark Cameron of the UK, who lives and works in Viet Nam, believes that
he will be able own residential property thanks to the revised Law on
Housing, which has removed prior restrictions on foreigners from buying
property in the country. It will...
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.