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Da Nang to focus on building large-scale urban areas
Property

Da Nang to focus on building large-scale urban areas

Real estate projects in Da Nang have primarily focused on the resort segment over the last decade. The city now needs residential urban areas but will not build small, fragmented developments that are difficult to link with infrastructure. Instead, it aims to create large-scale ecological urban areas associated with the conservation of natural landscapes.
Property

Aurora IP gaining worldwide attention

Features and stories about the Rang Dong Textile and Garment Industrial Park (Aurora IP), belonging to the Cat Tuong Real Estate Group Joint Stock Company, have been published by many leading news agencies around the world, such as Bloomberg, Market Insider, Yahoo Finance, and Daily Express. The IP is gaining appeal among domestic and foreign investors, and contributes to the sustainable development of the textile industry.
Property

Additional special mechanisms for Da Nang

The government has issued a decree amending and supplementing a number of specific mechanisms on investment, finance, budget, and the decentralization of management in central Da Nang city. The city’s People’s Committee is permitted to decide on the urban development area, and its People’s Council may consider and decide on investing in industrial clusters.
MoC: Real estate market in recovery mode

MoC: Real estate market in recovery mode

According to the Ministry of Construction (MoC), Vietnam’s real estate market has shown signs of recovery and sound development in the first quarter of this year. There have been more investors and also more real estate projects on sale or planning for sales. Interest in the market and real estate transactions are continually rising and in most market segments.
Dong Nai to expand resettlement area

Dong Nai to expand resettlement area

The Dong Nai Provincial People’s Committee has approved the task of planning the expanded Phuoc Khanh resettlement area in Nhon Trach district, which has an area of more than 42 ha and a population of 6,000-7,000 people. The southern province has set a target of, by 2025, the per capita housing area standing at 27 sq m and the total housing area increasing by 13.3 million sq m. It needs more than VND120.5 trillion ($5.24 billion) to achieve its goals.
Obstacles facing tourism real estate must be addressed

Obstacles facing tourism real estate must be addressed

Inconsistencies in policies and delays in the implementation of ownership certificate procedures are causing frustration among customers and difficulties for investors and have stalled the development of the tourism real estate market. Economists therefore suggest that Vietnam promptly complete the legal framework to fully exploit and develop this type of real estate.
More social housing on way in HCMC

More social housing on way in HCMC

Ho Chi Minh City will kick-off construction this month of four new projects in social housing, worker accommodation, and upgrades to old apartment blocks, bringing more than 3,000 units on to the market. Under planning, the city is to develop 2.5 million sq m of social housing in the 2021-2025 period, or 35,000 apartments.
Proposed Land Fund Development Organization to operate under business model

Proposed Land Fund Development Organization to operate under business model

Under a draft decree from the Ministry of Natural Resources and Environment (MoNRE) amending and supplementing a number of decrees detailing the implementation of the Land Law, it is proposed that a Land Fund Development Organization operate under a business model. The Organization would provide public products and services with 100 per cent of charter capital held by the government.

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