While the average price of apartments in Hanoi has reached new heights, with supply primarily concentrated in the premium and luxury segments, there are still no signs of a price slowdown.
HSBC expects rising housing prices to constrain the SBV’s ability to deliver any further rate cuts.
The total consideration of the deal is about $16 million.
Nomura Real Estate Development Co., Ltd. has agreed to participate in a condominium housing project within the Ecopark, a large-scale development project undertaken by local developer Ecopark Corporation in Hung Yen province.
Korea Land & Housing Corporation (LH) and Vietnam’s TDH Ecoland will be conducting feasibility study for a project on setting up a green industrial park (IP) in Hung Yen province.
.png)
The residential sector is at the apex of Ho Chi Minh City’s growth, driven by a need for better housing, a growing middle class and an increasing number of overseas buyers.
Demand for apartments in both Hanoi and Ho Chi Minh City remains rather healthy in the face of limited new projects. While prices stay flat in the capital city, they soar to a record high in the bustling southern city.
New apartments with diversified and unique amenities are increasing competition within the market, which is expected to be extremely beneficial to both consumers and the real estate market in Vietnam.
Some localities are temporarily halting condotel projects to await the government's clear policies and we will submit the clear legal basis in this matter to the government to support investors, according to deputy head of Real Estate Market and Housing Management Agency Nguyen Manh Khoi.
Vingroup has just officially announced to access the subsidized housing market with its Happy Town brand supplying $8,730 priced apartments.
The property tax is not only a source of the Government revenue, but also a tool that adds to improving efficiency and accountability of the government, contributing to the development of the housing market and infrastructure, according to Sebastian Eckardt, Lead Economist for the World Bank in Vietnam.
Proposal of concerned ministries to amend the four laws, including the Law on Real Estate Business, Land Law, Housing Law and Construction Law to legalize condotel was not considered by the National Assembly this time.
Economic experts are voicing conflicting opinions on the Ministry of Finance’s proposal to tax housing worth over $30,800, which may earn more to the State budget but severely affect chance of having accommodation for moderate incomers.
The huge gap between average income and housing price is the main reason why home ownership for under 35s is challenging without support from families.
