HCM City to auction 9 land plots in Thủ Thiêm HCM City will auction land-use rights for nine land parcels covering 77,606sq.m in its Thủ Thiêm new urban area in District 2.

Covid-19 hits remittances to Việt Nam Overseas remittances are expected to fall short of the target this year due to the economic crisis caused by the Covid-19 pandemic and shutdowns around the world.

Experts gaze into crystal ball: Property prices to bottom by mid-2021 The Vietnamese property market is expected to slow down, with prices starting to drop by the end of this year and hitting the bottom by mid-2021, creating opportunities for home buyers sitting on cash, experts have forecast.

Foreigners purchased about 16,000 real estates in Việt Nam Foreigners have bought some 16,000 housing properties across the country since they were allowed to in 2015, according to the Hồ Chí Minh City Real Estate Association (HoREA).

Condotel market faces gloomy prospects

The condotel market has faced a gloomy period due to low absorption rate while inventory has been on the rise, experts said.

Ministry proposes not to allow conversion of condotel into residential projects The Ministry of Public Security has proposed not granting ownership certificates to allow condotels, tourist villas and officetels to be turned into residential projects.

Domestic property market faces uncertainty

The domestic real estate market is hoped to have growth in the fourth quarter of this year and before the Lunar New Year 2021 if, by this year-end, the domestic economy is restored to levels from before the COVID-19 pandemic.

Property developers ask for loosening of corporate bond policies

The HCM City Real Estate Association (HoREA) has asked for corporate bond regulations to be loosened to help businesses get through the COVID-19 pandemic, local media have reported.

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.