Kim Oanh Real Estate Joint Stock Company has recently introduced the Mega City project in Ben Cat District, whose size reaches 50 hectares with nearly 2000 plots.
To raise over US$40 billion for 10 city metro projects, Hanoi asked permission from the Government for allocating ODA, auctioning special-use land funds and, notably, planning another land area of 6,000ha as counterpart funds for the investors.
The project has a total investment of VND1,001 billion
In the first six months of 2017, about US$1.2 billion of FDI capital has been granted to the real estate business sector.
On average, every day, there are 76 real estate enterprises being established in the first six months of 2017.
The spiral of "virtual land fever" in Ho Chi Minh City is "sweeping" on a large scale. If not being cautious, citizens and investors are swept into the spiral that causes severe financial losses and unpredictable impacts on the real estate market.
HCM City’s real estate market in the 2017-20 period will see major changes as supply and demand will gradually adjust, stabilising and strengthening the market, according to the city’s Real Estate Association.
With both local and international operators strongly expanding into co-working in Viet Nam, the industry is expected to develop rapidly, experts have said.
On the report of Hanoi Fire Fighting and Prevention Police, until May 31st, 2017, there still remained 79 high-rise apartment blocks failing to meet fire-safety standards in Hanoi.
More and more hybrid real estate products have been marketed in recent years. Together with condotel and officetel, hometels are now being launched by real estate firms.
