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.

HCM City authorities admit to big housing shortage

HCM City faces a housing shortage caused by the rapidly increasing rising population and shortage of new housing projects.

Ministry of Construction urges strengthening of anti-money laundering in realty

The Ministry of Construction has recently requested its department in cities and provinces urge enterprises in the real estate sector to report suspicious transactions and cash transactions worth VNĐ300 million (nearly US$13,000) and above.

Transparency needed for healthier corporate bond market To develop a healthy bond market and reduce risks for investors, quality of information disclosure and transparency of corporate bond issuance should be enhanced.

Property inventories higher than MoC’s statistics: HoREA Recently released statistics on real estate inventories from the Ministry of Construction were incorrect, according to the HCM City Real Estate Association.

New policies needed to meet workers’ housing needs

HCM City is home to thousands of migrant labourers working in industrial parks (IPs) and export processing zones (EPZs), but its housing projects meet only a fraction of the demand for stable accommodations.

Government ignores affordable housing: experts The real estate market has experienced several so-called fever periods in recent years, pushing up property prices to a level that is unaffordable for people with low or modest incomes.

Apartment buyers’ fees could be delayed under proposal

The HCM City Real Estate Association (HoREA) has asked the National Assembly to approve a proposal which would give buyers of apartments more time to pay maintenance fees.