Property

Real estate stocks have witnessed impressive price increases since the beginning of the fourth quarter, rising by 15.3 per cent. Many therefore believe the prospects for the group are promising into the future. The Omicron variant of Covid-19 is, however, likely to bring down the real estate market once more.

The biggest bottlenecks in the real estate market relate to mechanisms and policies. The industry is regulated by 12 different laws and there are differences between them, especially the three that are directly related: the Law on Land, the Law on Housing, and the Law on Real Estate Business.

The Asahi Japan Investment and Properties Management Services Joint Stock Company has been appointed to provide operations management services for the Green Bay Premium apartments in Ha Long city, northern Quang Ninh province. This marks an important step in the market expansion of the Japanese management company, which received a Vietnam Top Brand award this year.

According to a Prime Ministerial decision, the Tan Hung Industrial Park will be built in northern Bac Giang province with a scale of 105.3 ha and total investment of VND1.18 trillion ($52.03 million) from the Lideco 1 Joint Stock Company. Implementation is to be no more than 36 months from the date of land allocation by the government.

The expected post-pandemic trend towards traveling close to home and combining remote working and holidays (known as staycations and workations) will help increase the attractiveness of the integrated resort real estate model in central Da Nang city. The city already boasts the presence of famed real estate brands, exploiting sites of great beauty and potential.

Of the 45 key construction projects suspended in Ho Chi Minh City during the social distancing period, eleven are now planning for completion before the Lunar New Year in early February.