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Property awards aim to encourage housing market

Update: November, 29/2014 - 09:51
The organising Committee will highlight the businesses providing accomodation for low-income earners. – Photo Baomoi
HCM CITY (VNS)  — Vietnam Television's VTV9 channel has instituted the 2015 Vietnam Excellent Property Awards aimed at promoting growth of the housing market.

Outstanding companies will be conferred the awards based on what customers say and assessment of their capacity and performance by a jury of industrial experts.

The awards will honour businesses in six categories – developers, real estate services, construction, architecture, banks, and houseware providers.

There will also be a special award for outstanding social housing developers.

A poll of buyers/residents is being done about projects with at least 200 apartments or land lots and amenities like kindergartens and healthcare facilities in Ha Noi, Da Nang, HCM City, and Binh Duong and Dong Nai provinces.

Nguyen Hong Quan, a former construction minister, said on behalf of the jury that the market has recovered up somewhat thanks to the efforts of property-related companies and the awards would encourage their further contribution to market growth.

He also expected the amendments to the Housing Law and Law on Real Estate Business that the National Assembly recently approved to provide a more transparent legal framework and facilitate the market's development.

The awards, sponsored by the Central Steering Committee on Housing Policies and Real Estate Market and organised in co-operation with the Housing Media International company, will be announced next March at a property exhibition to be held at the Reunification Palace in HCM City. — VNS

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