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virtual land fever

Land price hike over 100 times leads to controversial decision on land transaction suspension in SEZs

Local authorities are enforcing orders to temporarily cease the transfer, conversion of land use purpose and modification of land ownership after a dramatic increase in land prices in the future special economic zones (SEZs) such as Van Don, Phu Quoc and Northern Van Phong.

House, land: Unpredictable consequences behind the "virtual fever"

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.

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