Property

Batdongsan.com.vn has reported that the real estate consumer sentiment index (CSS) in Vietnam fell 7 points in the second half of 2022 compared to the first half of the year, from 47 to 40. Consumer optimism fell the most in regard to rising real estate prices in the future, down by 22 points from 57 to 35.

On July 22, the Lac Duong District People’s Committee forwarded Report No. 104 to the Lam Dong Provincial People’s Committee requesting appraisal and approval of tasks and cost estimates for the Da Sar - Da Nhim eco-tourism and luxury resort project in the central highlands’ province. The resort is to be built on an area of 467.56 hectares.

The revised Land Law will be discussed by the National Assembly (NA) in its upcoming October and May sessions and approved in the October 2023 session. The draft will introduce regulations on land prices according to market principles and a shift from administrative-heavy management methods to the synchronous implementation of economic, planning, and administrative tools to regulate land relations.

The rental retail segment is quite active thanks to the expansion of several international brands in the fashion, sports, and food service industries. According to the General Statistic Office, total retail and service revenue in the first half of 2022 reached $117 billion, up 27.3 per cent over the same period last year.

According to the Institute of Construction Economics at the Ministry of Construction, supply in all real estate segments was depleted in the first half of this year and prices continued to rise sharply for land plots, apartments, and villas.

Deputy Prime Minister Le Van Thanh has approved a plan to develop the Binh Phu Industrial Park in Mong Hoa commune, Hoa Binh city, northern Hoa Binh province. The project is on more than 214 ha.