Hanoi low-cost apartment supply down 47% yearly since 2020: Savills

Hanoi low-cost apartment supply down 47% yearly since 2020: Savills

Hanoi’s supply of budget apartments priced below VND30 million ($1,179) per square meter has dropped 47% every year since 2020, according to real estate service firm Savills Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Steel major Hoa Phat to focus on core business, research high-speed train rails

Steel major Hoa Phat to focus on core business, research high-speed train rails

Vietnamese steel giant Hoa Phat Group will focus its resources on its core business in the short term to compete with imports amid intensified industry competition, said its chairman.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam property businesses expect market recovery in 2024

Vietnam property businesses expect market recovery in 2024

Vietnam’s real estate firms are expecting the market to make a U-turn this year, with new projects and the next phases of existing projects to be launched.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Changes in new land law to strengthen state management, protect land users

Changes in new land law to strengthen state management, protect land users

The new Land Law 2024 along with the Law on Housing 2023 and the Law on Real Estate Business 2023 which were passed by the National Assembly in the fourth quarter of 2023 have provided a complete legal framework for the real estate market, writes senior partner Anh Dang and associate Quynh Tran at VILAF law firm.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

New land law to drive down Vietnam real estate prices: expert

New land law to drive down Vietnam real estate prices: expert

The freshly approved amended Land Law, effective from January 1, 2025, will create a transparent investment environment, helping land resources be unleashed and used efficiently, while balancing real estate supply and demand, said expert Nguyen Van Dinh.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Apartments priced under $1,000 per square meter disappear from Vietnam market

Apartments priced under $1,000 per square meter disappear from Vietnam market

Vietnam's real estate market is facing a dearth of projects in the affordable segment priced under VND25 million ($1,018) per square meter, but mainly in the middle and high-end segments priced from VND25-70 million ($2,850) per square meter.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam parliament passes long awaited Land Law changes, specifying revocations, price adjustments

Vietnam parliament passes long awaited Land Law changes, specifying revocations, price adjustments

Vietnam’s National Assembly (NA), the country’s highest legislative body, has passed long-delayed amendments to the Land Law, with specifics on land revocations and annual quasi-market price adjustments.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Manipulation poses threat to real estate market: legislator

Manipulation poses threat to real estate market: legislator

Manipulation of the real estate market should be strictly banned as it is no less dangerous than stock market manipulation, said Trinh Xuan An, a legislator representing the southern province of Dong Nai, on Tuesday.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam real estate majors embrace new product sales for 2024

Vietnam real estate majors embrace new product sales for 2024

In the fourth quarter of 2023, Vietnamese property developers are trying to catch up with their annual targets, and are mapping out plans to launch new projects after a difficult year.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam property market risks destabilization as supply thins: construction ministry

Vietnam property market risks destabilization as supply thins: construction ministry

Vietnam’s real estate market continues to face destabilizing factors and recession risks, with scant supply across various segments, the Ministry of Construction has reported to the parliament.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC apartment prices soar 4 times higher than Hanoi

HCMC apartment prices soar 4 times higher than Hanoi

Prices of primary market apartments in the southern economic hub of Ho Chi Minh City had risen four times higher than in the capital Hanoi, showed a Q2 real estate report by property consultancy firm Savills Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Int’l conference on Vietnam real estate to highlight changes, trends

Int’l conference on Vietnam real estate to highlight changes, trends

An international conference co-organized by The Investor in Hanoi Friday will acquaint Vietnam’s real estate stakeholders with upcoming changes in regulations, market potential and development trends.

Development potential of Vietnam's real estate market - Mon, Dec 22, 2021 | 11:30 am GMT+7

Shrink high-end real estate segment, promote healthy growth: lawmaker

Shrink high-end real estate segment, promote healthy growth: lawmaker

Vietnam should restructure its real estate market towards reducing high-end housing and increasing social housing, including housing for workers, National Assembly member Tran Van Khai said Friday.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Legislators concerned about foreigners buying property in Vietnam

Legislators concerned about foreigners buying property in Vietnam

National Assembly members in Vietnam have said stricter regulations on foreign purchases of houses and land in the country are needed.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Millions of industrial park workers in need of housing

Millions of industrial park workers in need of housing

Vietnam currently employs around 4.5 million workers at its industrial parks, and around half of them are in need of accommodation, equivalent to 12.5 million square meters of housing, according to property consultancy Savills.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam parliament to approve 8 draft amended laws

Vietnam parliament to approve 8 draft amended laws

The National Assembly, Vietnam’s highest legislative body, will convene from May 22 to approve or discuss draft law amendments related to bidding, prices, land, realty business, and housing.

Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7

Chairman of housing developer Muong Thanh prosecuted for deceiving customers

Chairman of housing developer Muong Thanh prosecuted for deceiving customers

Le Thanh Than, chairman of Muong Thanh Group, a well-known housing and hotel chain developer, has been prosecuted for "falsely advertising an apartment project illegally built in Hanoi to sell to customers".

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

Novaland, TPBank, Ricons join hands to complete prominent property project

Novaland, TPBank, Ricons join hands to complete prominent property project

Vietnamese real estate developer Novaland, construction firm Ricons, and TPBank signed an agreement on Wednesday to be able to finish the construction of an eye-catching property complex at the heart of Ho Chi Minh City.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam real estate inventory on the rise

Vietnam real estate inventory on the rise

The real estate inventory in Vietnam is forecast to continue increasing in the coming time amid declining demand, according to property consultancy DKRA Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

IFC seeks to channel $320 mln into 3 Vietnamese banks

IFC seeks to channel $320 mln into 3 Vietnamese banks

The World Bank Group’s investment arm IFC has proposed investments totaling $320 million in three Vietnamese banks to support their loan portfolios for small and medium-sized enterprises (SMEs) and housing finance.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Proposed $100 mln IFC loan to boost SeABank real estate portfolio

Proposed $100 mln IFC loan to boost SeABank real estate portfolio

The World Bank’s investment arm IFC has proposed a $100 million senior loan with five years in tenor to SeABank, to be exclusively used for the Vietnamese lender’s housing portfolio.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Real estate market woes to persist for foreseeable future: construction minister

Real estate market woes to persist for foreseeable future: construction minister

The real estate market will continue to face difficulties due to limited supply and tightened credit, says Minister of Construction Nguyen Thanh Nghi.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

State budget provides 1.3% of Hanoi housing investment in 2021-2030

State budget provides 1.3% of Hanoi housing investment in 2021-2030

Hanoi needs VND880,000 billion ($36.84 billion) for housing investment in 2021-2030, of which the state budget will provide VND11,700 billion, or 1.3%, according to the city’s newly-approved housing development program.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Looking up HCMC’s highest high-end homes

Looking up HCMC’s highest high-end homes

Housing projects like The River Thu Thiem, Lumière Riverside, Grand Marina Saigon, and The Opera Residence are home to the most expensive penthouses in Ho Chi Minh City.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Proptech firm Levitate makes its debut in Vietnam

Proptech firm Levitate makes its debut in Vietnam

Singapore-headquartered housing development platform Levitate has made Vietnam its debut market, giving consumers in the country more creative input when buying their own home.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Expensive HCMC apartments in large supply

Expensive HCMC apartments in large supply

More and more luxury and high-end apartment projects have appeared in Ho Chi Minh City, Vietnam’s southern economic hub, with prices exceeding VND200 million ($8,400) per square meter in some cases.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC housing market to see plentiful new supplies

HCMC housing market to see plentiful new supplies

Major property developers in Ho Chi Minh City are set to introduce their new housing products in large quantities by the end of this year, giving the market a fillip.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Luxury flats drive Ho Chi Minh City residential sector in Q2

Luxury flats drive Ho Chi Minh City residential sector in Q2

High-end apartments accounted for almost 90% of Ho Chi Minh City’s total supply of flats in the second quarter of the year, real estate services firm CBRE said.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam real estate market offers competitive yields: Knight Frank

Vietnam real estate market offers competitive yields: Knight Frank

House prices in Vietnam are much more affordable, and real estate sectors in the country provide competitive yields compared to other Southeast Asian countries, says Kevin Coppel, managing director of property consulting firm Knight Frank Asia-Pacific.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Industrial real estate makes up 35% of property M&A deals in H1

Industrial real estate makes up 35% of property M&A deals in H1

Industrial real estate accounted for 35% of merger and acquisition deals in Vietnam's property sector in the first half of the year, second only to the office segment with 39%, according to Cushman & Wakefield.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC in surplus of high-end apartments, scarcity of affordables

HCMC in surplus of high-end apartments, scarcity of affordables

Up to 74% of apartments for sale in Ho Chi Minh City last year were high-end, luxury or ultra luxury, while the city faced a serious dearth of affordable housing supply.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7