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Ministry of Construction: Condotels should be used in the long term like residential land

Ministry of Construction: Condotels should be used in the long term like residential land

Minister of Construction Pham Hong Ha proposed to amend the Land Law to allow using the land for trade in tourism services in the long term with obtaining land use fees similar to residential land.

Real estate lies among top FDI attractions

With increasing incentives, a better legal framework and stronger competitive advantages, Vietnam's real estate market has attracted a significant influx of capital from both local and foreign investors in recent years.

New land incentive policies in special economic zones still scratched at different thresholds

There are many updates related to land incentive policies in the latest report of the National Assembly Law Committee on revising the draft law of Special Administrative-Economic Units (SEUs).

Kim Long Nam Group emerges as a new player in Da Nang Real Estate

Kim Long Nam Group is implementing three projects in Da Nang including Kim Long City Lien Chieu, Kim Long Ocean Thuan Phuoc and Kim Long Season My Khe with the total investment of over VND3,200 billion (US$141.1 million).

Average gross rents for retail floors decreased in both Hanoi and HCMC

According to Savills, the demand of the retail sector increased in Hanoi, while Ho Chi Minh City (HCMC) experienced a surplus in supply.

Hanoi running out of luxury apartments

The Class A apartment segment in Hanoi recorded a strong boom last year with the liquidity tripled year on year while the supply was exhausted.

Vietnam Realtor warns about risks of investment in real estate in Van Don

Vietnam Realtor affirmed that prices of real estate in Van Don island district can only increase by 10 – 20 per cent compared to 2016, while in fact, realtors in this area have driven up prices virtually up to 5 - 6 times higher than the real ones.

Key segments of hotel, villa and townhouse saw vibrant growth in HCMC

The hotel sector of Ho Chi Minh City (HCMC) recorded an occupancy rate of 76 per cent, while the villa and townhouse segment witnessed a year-on-year increase of 25 per cent in sales, according to Savills in its newly launched market briefing on fourth quarter of 2017.

MoF agrees not to tax land use rights transfer

Having encountered quite fierce protests from many organizations about the proposal to impose value added tax (VAT) on the transfer of land use rights, the Ministry of Finance (MoF) confirmed that it would not impose the tax.

Hanoi’s hotel room rates becoming more expensive

Hotels in Hanoi is thriving thanks to the surge in international tourist arrivals, which results in a high occupancy rate and sharply rising prices.

Affordable housing segment forecasted to dominate real estate market in 2018

The Ho Chi Minh City Real Estate Association (HoREA) forecasted that in 2018, the demand for housing worth under VND1.5 billion (roughly US$66,181) would continue to increase.

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