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Image: Real estate sector still in distress

Real estate sector still in distress

HCMC – The real estate sector is not yet out of the woods as the number of newly established real estate firms and their registered capital has dropped to less than half of the figures recorded in the first half of last year. The number of enterprises entering the market and the newly registered

Image: Ministry proposes methods for determining land prices

Ministry proposes methods for determining land prices

HCMC – The Ministry of Natural Resources and Environment has proposed four methods of land price establishment and coordinated with local authorities to build the initial land price list, according to Minister Dang Quoc Khanh. During the National Assembly session, Minister Khanh addressed some key

Image: Lawmakers call for enabling social housing for lease

Lawmakers call for enabling social housing for lease

HCMC – A National Assembly (NA) deputy has expressed concerns that current social housing policies are more focused on promoting homeownership rather than fulfilling people’s right to accommodation. During a NA session on June 19, Nguyen Van Hien, a legislator and head of the Institute of

Image: Gov’t removes condo ownership time limit from draft law

Gov’t removes condo ownership time limit from draft law

HCMC – The Government has agreed to remove the time limit on apartment ownership from the draft of the revised Law on Housing, according to the construction minister. Speaking at the NA’s sitting today, June 19, Minister of Construction Nguyen Thanh Nghi acknowledged that setting a duration for

Image: NA economic committee opposes property trading via exchange

NA economic committee opposes property trading via exchange

HCMC – The Economic Committee of the National Assembly (NA) has recommended against making it mandatory for real estate products to be traded through an exchange, citing concerns over potentially higher prices and fees. Currently, real estate in Vietnam is not required to be traded through an

Image: Construction Ministry to aid real estate market recovery

Construction Ministry to aid real estate market recovery

HCMC – Prime Minister Pham Minh Chinh has instructed the Ministry of Construction to assist in revitalizing the long-dormant real estate market, as current reports indicate that only 30-40% of property brokerages are able to remain operational. During the Government meeting held in May, the

Image: HCMC real estate market shows signs of improvement: experts

HCMC real estate market shows signs of improvement: experts

HCMC – Local experts are hopeful for a potential but gradual rebound of the real estate market in HCMC. Since May, the outlook for the city’s housing sector has brightened due to three interest rate cuts by the central bank and policy responses from the Government, according to the Vietnam News

Image: Housing prices in HCMC 32.5 times higher than average household income

Housing prices in HCMC 32.5 times higher than average household income

HCMC – For individuals with middle and lower incomes, owning a home in a major city like HCMC is an unattainable dream, as housing prices are 32.5 times higher than the average income of a Vietnamese household. According to a report released by the Urban Land Institute (ULI), home prices in HCMC