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HCM City Real-Estate Association

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.
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.
City to ensure transparent, fair and competitive environment for property market

City to ensure transparent, fair and competitive environment for property market

The chairman of the HCM City People Committee has pledged to review all housing projects in the city and work out solutions to a “more transparent, fair and competitive business environment”. 
HCM City in need of more affordable housing

HCM City in need of more affordable housing

HCM City is expected to need an additional 160,000 social housing apartments in the next decade to meet its rising population and demand for affordable housing.
Giant property developers help resuscitate HCM City property market

Giant property developers help resuscitate HCM City property market

Major property developers are revving up the HCM City market by organising a series of activities as well as marketing and promotion programmes in the final months of the year.
Requirement for refuge area might push up housing price: association

Requirement for refuge area might push up housing price: association

The requirement for an area of refuge in high-rise buildings was necessary but this might push up housing prices.
Association proposed to tax apartment rental business on Airbnb

Association proposed to tax apartment rental business on Airbnb

The HCM City Real Estate Association has proposed the short-term apartment rental business be taxed, to  better manage business operations on Airbnb and similar online platforms which is developing rapidly in big cities.