Property

Gwangseong, headquartered in Seoul, specializes in executing and constructing officetel and apartment housing projects.

The validity of two circulars guiding the equitization of State-owned enterprises is extended until they are replaced or abolished by new legal regulations.

The city has issued regulations to shorten the time for granting construction permits to investors, facilitating businesses to participate in the development of social housing.

By 2035, Vietnam's urbanization will hit 50%, equivalent to 51 million urban residents; and the middle class will comprise up to 75% of the population… all of which will drive a strong increase in demand for residential, commercial, hospitality, and healthcare properties.

The country currently has 3,297 social and commercial housing projects and land plots in the pipeline, with the potential to supply around 5.9 million housing units.

According to VARS, if housing prices and incomes remain unchanged, the ability to purchase homes is significantly declining.