Property

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”.

Industrial parks in cities and provinces around Vietnam have great demand for worker housing. Incentive mechanisms for social housing are adequate but the problem is that procedures are cumbersome and troublesome. It is therefore necessary to adopt breakthrough policies and separate processes for social housing projects.

Old apartments in Hanoi are attracting a lot of attention these days from buyers on social networks as well as real estate websites. According to many analysts, one reason these old apartments are being bought again is because some people have a lot of excess capital and view them as investments.

The NovaGroup’s Mekong Smart City project will include eleven component projects on more than 10,000 ha, with investment in the first phase of over $2 billion. The project is expected to become an attractive tourist destination in the Mekong sub-region, and promote socio-economic development in the Mekong Delta, gradually creating model urban areas in Vietnam.

Vietnam’s apartment real estate market is becoming more active as the Lunar New Year (Tet) approaches and banks offer low home loan interest rates and investors introduce attractive incentives.

According to the land use orientation adopted by southern Ba Ria-Vung Tau province, the total space for urban area development is expected to be about 90,000 ha by 2050. The orientation will comply with sustainable development requirements and exploit the production capacity of key economic sectors.