Property

According to Standing Member of the Party Central Committee’s Secretariat Vo Van Thuong, many new issues are contained in the revised draft Land Law that will create positive changes, such as the abolition of land price brackets and the determination of land prices according to market principles. He suggested striving to complete the amendments by 2023.

The Dong Nai Provincial People’s Committee has held a conference to discuss planning in Long Thanh district to 2040 and the vision to 2050. The specific area of Long Thanh International Airport is identified as “the center” of planning. With an area of more than 9,000 ha, the Long Thanh Airport Special Area in the southern province will strongly develop international service centers, residential areas, supporting industries, and aviation-related industries.

According to consultants Savills, many residential real estate products in Hanoi have long been setting new price levels. The Grade B segment has grown the most over the past five years. Savills expects, however, that residential real estate will not see many sudden changes in the second half of 2022.

Data from CBRE Vietnam on four cities and provinces considered key industrial centers in the south and Mekong Delta - Ho Chi Minh City and Dong Nai, Binh Duong, and Long An provinces - shows that industrial land rentals have increased 8-13 per cent over the course of the last year. The highest price was $300 per sq m per rental cycle.

The Soc Trang Provincial People’s Council has issued Resolution No. 44 on the task of planning the construction of subdivisions at the Song Hau Industrial Park in the Mekong Delta province’s Ke Sach district. It will be a multi-sector industrial park on a total area of 300 ha.

The Hanoi People’s Council has approved a housing development program for the 2021-2030 period, under which it needs nearly 1,900 ha of land and VND880 trillion ($37.5 billion).