Da Nang City and Thua Thien-Hue Province have approved some key property projects for construction in the third quarter of this year, calling for investment to help recover the real estate market growth that was postponed by the COVID-19 pandemic.
The People’s Committee in the central coastal city of Da Nang has asked the city''s People''s Council to grant in-principle approval for four property projects expected to cost more than VND3.67 trillion (US$158 million).
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.
Property developer Novaland Group on Thursday officially launched two new tourism property projects called NovaWorld Phan Thiet and NovaWorld Binh Chau.
The official real estate index, which should have been set up earlier this year, has been delayed while real estate enterprises and associations have continued to provide their own indexes.
Real estate developer MIK Corporation has announced that it will partner
with Viet Nam Prosperity Bank (VP Bank) to carry out property projects
including Park Riverside, Villa Park and The Park Residence.
Sacomreal signed agreements with
OCB, ACB and HDB banks on Sunday to guarantee its property projects,
following Article 56 of the Law on Real Estate Business, which will take
effect on July 1.
Two property projects have become the first ever Vietnamese winners of
certificates for resource efficiency from the IFC, a member of the World
Bank Group.
Domestic investors have bravely purchased property projects facing
financial difficulties to ensure their completion, amid positive market
signals for medium-priced apartments since end-2013.