Topic: property

Transferee would be responsible for covering costs under HoREA proposal.

There is significant potential in branded residences, which are increasing in number not only in holiday destinations but also in urban centers such as Ho Chi Minh City.

Market difficulties and global economic and geopolitical uncertainties have caused investors to continuously postpone sales.

Predictions have been made that the market will gradually recover next year and become healthier and more transparent and standardized in the second and third quarters.

Total investment capital for social housing in the period is estimated at $521 million.

State should only create mechanisms, with investors and enterprises sharing the risk.

Construction to begin in south-central province next May and be completed in August 2024.

Ultimate aim of efforts is to develop a stable, healthy, and sustainable real estate market.

The Thanh Hoa Provincial People’s Committee has issued documents directing the strengthening of the management over and promoting the development of the local housing and real estate market, contributing to socio-economic development and ensuring social security and macro-economic stability. Besides the positive results, the development of the real estate sector still bears many shortcomings, limitations, and inadequacies, lacking sustainability and exhibiting risks. Thanh Hoa has therefore offered solutions to promote the safe, healthy, and sustainable development of the sector.

At the Real Estate Forum 2022 with the theme "Supply of real estate market in Ho Chi Minh City: Practical issues to be solved" on October 28, Mr. Le Hoang Chau, Chairman of Ho Chi Minh City Real Estate Association (HoREA), said that the real estate market has improved transparent with clear mechanisms and policies. However, safety and stability still lack due to the overlap between the Land Law 2013 and the Housing Law 2014 and other sub-law documents.