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Real estate in HCMC experiencing decline
Property

Real estate in HCMC experiencing decline

The purchase of land plots and apartments in Ho Chi Minh City and surrounding areas fell by nearly 80 per cent in the third quarter of 2022. The DKRA Group has forecast that market demand and liquidity will continue to be affected over the closing months of the year by moves to increase interest rates and strengthen credit control.
Property

Digital transformation still slow in real estate

Analysts attending the Digital Transformation Promotion Conference for Vietnam’s real estate market on October 7 offered three reasons for the slow digital transformation in the sector: slow perceptions, complicated technology, and data not being optimized.
Property

Vingroup establishes property investment company

The VMI Real Estate Investment and Management Joint Stock Company (VMI JSC) was established on October 6, with Mr. Pham Nhat Vuong, Chairman of Vietnam’s largest private company, Vingroup, as the main shareholder. The VMI JSC was established to assist small capital investors with opportunities to invest in real estate, manage properties, and develop the secondary market to increase liquidity and the value of properties owned by Vingroup subsidiary Vinhomes.
Real estate in HCMC experiencing decline

Real estate in HCMC experiencing decline

The purchase of land plots and apartments in Ho Chi Minh City and surrounding areas fell by nearly 80 per cent in the third quarter of 2022. The DKRA Group has forecast that market demand and liquidity will continue to be affected over the closing months of the year by moves to increase interest rates and strengthen credit control.
Quang Ngai to auction more than 36,000 sq m of land

Quang Ngai to auction more than 36,000 sq m of land

The Quang Ngai Provincial People’s Committee has decided to auction land use rights for more than 28,000 sq m in a residential area project north of Huynh Thuc Khang Street in Quang Ngai city, for the construction of commercial housing projects. The central province previously announced the auction of land use rights for 53 plots of land in the Go Dua Residential Area in Duc Pho town, with a total area of nearly 8,000 sq m.
Hanoi strengthens land management

Hanoi strengthens land management

The Hanoi People’s Committee has issued a document on strengthening State management over land, including inspections and examinations of the management and use of land. It will receive dossiers to settle administrative procedures, ensure the timely return of documents, and review any unreasonable procedures in land transactions that create problems for businesses and individuals.
Digital transformation still slow in real estate

Digital transformation still slow in real estate

Analysts attending the Digital Transformation Promotion Conference for Vietnam’s real estate market on October 7 offered three reasons for the slow digital transformation in the sector: slow perceptions, complicated technology, and data not being optimized.
Vingroup establishes property investment company

Vingroup establishes property investment company

The VMI Real Estate Investment and Management Joint Stock Company (VMI JSC) was established on October 6, with Mr. Pham Nhat Vuong, Chairman of Vietnam’s largest private company, Vingroup, as the main shareholder. The VMI JSC was established to assist small capital investors with opportunities to invest in real estate, manage properties, and develop the secondary market to increase liquidity and the value of properties owned by Vingroup subsidiary Vinhomes.
Interest in real estate plummeting

Interest in real estate plummeting

According to Batdongsan.com.vn, demand to buy all types of real estate fell sharply in September, with the number of searches for land plots nationwide down by 50 per cent compared to March, apartments by 9 per cent, private houses by 25 per cent, and villas by 12 per cent. The market will continue to face many challenges. Prices are forecast to remain unchanged, while developers will boost sales policies to support and attract buyers.

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