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Dong Nai to expand resettlement area
Property

Dong Nai to expand resettlement area

The Dong Nai Provincial People’s Committee has approved the task of planning the expanded Phuoc Khanh resettlement area in Nhon Trach district, which has an area of more than 42 ha and a population of 6,000-7,000 people. The southern province has set a target of, by 2025, the per capita housing area standing at 27 sq m and the total housing area increasing by 13.3 million sq m. It needs more than VND120.5 trillion ($5.24 billion) to achieve its goals.
Property

Proposed Land Fund Development Organization to operate under business model

Under a draft decree from the Ministry of Natural Resources and Environment (MoNRE) amending and supplementing a number of decrees detailing the implementation of the Land Law, it is proposed that a Land Fund Development Organization operate under a business model. The Organization would provide public products and services with 100 per cent of charter capital held by the government.
Property

Opinions differ on effect of property tax

There are many conflicting views on whether to tax real estate given that “land fever” has appeared in recent times. Many analysts believe that imposing a property tax would be an effective tool to limit real estate speculation. Others, however, believe that even if the Law on Property Tax is enacted soon, it will not have much of an impact on real estate prices over the long term.
Dong Nai to expand resettlement area

Dong Nai to expand resettlement area

The Dong Nai Provincial People’s Committee has approved the task of planning the expanded Phuoc Khanh resettlement area in Nhon Trach district, which has an area of more than 42 ha and a population of 6,000-7,000 people. The southern province has set a target of, by 2025, the per capita housing area standing at 27 sq m and the total housing area increasing by 13.3 million sq m. It needs more than VND120.5 trillion ($5.24 billion) to achieve its goals.
Obstacles facing tourism real estate must be addressed

Obstacles facing tourism real estate must be addressed

Inconsistencies in policies and delays in the implementation of ownership certificate procedures are causing frustration among customers and difficulties for investors and have stalled the development of the tourism real estate market. Economists therefore suggest that Vietnam promptly complete the legal framework to fully exploit and develop this type of real estate.
More social housing on way in HCMC

More social housing on way in HCMC

Ho Chi Minh City will kick-off construction this month of four new projects in social housing, worker accommodation, and upgrades to old apartment blocks, bringing more than 3,000 units on to the market. Under planning, the city is to develop 2.5 million sq m of social housing in the 2021-2025 period, or 35,000 apartments.
Proposed Land Fund Development Organization to operate under business model

Proposed Land Fund Development Organization to operate under business model

Under a draft decree from the Ministry of Natural Resources and Environment (MoNRE) amending and supplementing a number of decrees detailing the implementation of the Land Law, it is proposed that a Land Fund Development Organization operate under a business model. The Organization would provide public products and services with 100 per cent of charter capital held by the government.
Opinions differ on effect of property tax

Opinions differ on effect of property tax

There are many conflicting views on whether to tax real estate given that “land fever” has appeared in recent times. Many analysts believe that imposing a property tax would be an effective tool to limit real estate speculation. Others, however, believe that even if the Law on Property Tax is enacted soon, it will not have much of an impact on real estate prices over the long term.
Hanoi set to sell more old villas

Hanoi set to sell more old villas

Hanoi will continue to sell 600 old State-owned villas from a list of sold or half-finished properties. The capital currently has 1,216 villas, including 367 State-owned villas, 732 mixed-use villas with mixed ownership, and 117 privately-owned villas. Many are degraded and damaged, but there is insufficient funding for maintenance, renovation, and repair.

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