Property

Deputy Chairman of the Da Nang City People’s Committee Le Quang Nam has approved a list of land plots where auctions of land use rights will be held in the first phase this year. Auctions will be conducted for the land use rights of 200 residential land plots and 17 other approved land plots.

According to Mr. Nguyen Van Dinh, Chairman of the Real Estate Brokers Association, public investment will be promoted this year and create a stronger driving force for economic development, to the benefit of the real estate market. Transaction numbers will grow, but prices for residential real estate will remain under pressure because of low supply, rising land prices, and inflation.

The Mekong Delta’s Ca Mau province will build nearly 23,000 new houses by 2025, with the area per capita to reach 23 sq m in the 2021-2025 period. The total floor space will be more than 3 million sq m and total capital VND19 trillion ($841 million). The province is now calling for investment in 69 commercial housing projects.

Deputy Prime Minister Le Van Thanh has approved the addition of the Tran Yen Industrial Park in northern Yen Bai province to Vietnam’s development planning for industrial parks. On an area of 339 ha, Tran Yen will focus on attracting investment with modern, environmentally-friendly technologies and using less land and fewer energy resources.

The Quang Ninh Property Auction Service Center in northern Quang Ninh province has announced an auction on February 18 on the right to use 55 plots of land with a total area of nearly 9,000 sq m.

The Ministry of Construction (MoC) will submit to the government an amendment to a Decree on the construction, management, and use of information systems on the housing and real estate market. The notable point of the amendment is that the information system will have information on project planning and eligible projects for sale, and create favorable conditions for people to access accurate information and avoid being drawn into a “virtual land fever”.