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.
Nearly 80 apartment buildings in Hanoi violate fire safety regulations according to the Hanoi Fire Prevention and Fighting Police Department.
The national housing development strategy targets having 12.5 million square metres of social and affordable housing by 2020.
At “Prime Minister with Enterprises” meeting conference held recently, Vietnam Minister of Finance Dinh Tien Dung issued the official statement about the temporary suspension and inspection of 60 real estate projects, which had previously been a controversial topic.
Hanoi Fire Fighting and Prevention Police in coordination with Vietnam Fire Prevention and Control, Rescue and Salvage Police Department (C66), has recently conducted fire safety inspections at 10 projects and high-rise construction sites, whose designs had previously been examined and approved by C66. The inspection was carried out on almost all the districts in Hanoi.
