HoREA propose extension of VAT and land rent payment for businesses The HCM City Real Estate Association (HoREA) has urged the Government to add the property industry to the list of those affected by the COVID-19 outbreak and are eligible for a five-month postponement of value-added tax and land-use fee payments.

Listed real estate firms’ inventories surge, industry says red tape hits development The HCM City Real Estate Association (HoREA) has called on the Government to resolve problems related to legal and administrative procedures and access to funding and cut lending interest rates to revive the property market.

New document released to regulate use of non-residential real estate

The Ministry of Natural Resources and Environment (MoNRE) has sent a document to local departments to regulate the use and certification of non-residential real estate projects.

Property industry business group calls on HCM City to ease developers’ pain The HCM City real estate market is facing several problems like multiple agencies having overlapping functions and other administrative bottlenecks, high land-use fees and suspension of all build-transfer projects, according to the HCM City Real Estate Association (HoREA).

Condotels: risky yet promising property segment

Investment in condotels remains appealing despite defaults in profit commitments by property developers, but a clear legal framework is needed to protect investors’ rights, according to experts.

HCM City plagued by serious shortage of social housing

There were not a single social housing project in HCM City this year, and with support funds for them being limited, there is a fear the situation could continue, experts said.

Condotel prices fall amid failed profit commitments

Prices of condotels have dropped by 8 per cent this year compared to 2018 following disruptions in the profit commitments made to buyers, according to real estate portal Batdongsan.com.vn.

Tough decisions for Da Nang over Cocobay project

Condotels are often sold to investors and then leased back to the developer or an operating firm to manage rentals to holidaymakers.

Ministry inspects apartment building management The Ministry of Construction will organise an inspection on the use and management of maintenance funds at residential buildings in HCM City and Hà Nội beginning next year.

HCM City housing prices rise on shortage of new supply Housing prices continue to rise rapidly in HCM City because of a shortage of new supply, increasing population and lack of transport infrastructure in outlying areas.