Topic: Apartment

Figures from the Ho Chi Minh City Department of Construction show that in the first nine months of 2022 the city had 21 capital-funded housing projects with 11,600 dwellings sold, including 10,166 apartments, or 87.6 per cent of the total, and 1,434 low-rise houses, or 12.4 per cent. Of these, 9,305 were high-end apartments, or 80.2 per cent.

In the first half of 2022, along with a recovery in the tourism sector, the real estate market in central Da Nang city has seen many signs of improvement. According to forecasts from CBRE, in resort real estate alone, Da Nang will have 99 4-5 star hotel projects by 2024, bringing total supply to more than 21,000 rooms. The appearance of Shizen Nami on the shores of Da Nang Bay has attracted major attention thanks to its regenerative health apartment model.

The Ministry of Construction (MoC) has proposed supplementing regulations in the draft amended Law on Housing on the number of apartments that foreign organizations and individuals can own in Vietnam. Foreign organizations and individuals will only be allowed to buy, rent-purchase, receive as gifts, receive as inheritance, or own 30 per cent of the number of apartments in an apartment building, including mixed-use apartments.