HCM City’s District 1 has been a magnet for property developers in recent years thanks to its constantly improving infrastructure.

Across cities in Việt Nam, building high-rise apartments is gaining popularity as urban populations swell while ground space remains limited.

Singapore’s Ascott Limited has officially launched Việt Nam’s largest serviced residence, Citadines Blue Cove Đà Nẵng by the Hàn River on the Sơn Trà peninsula.

An inspection team of officials from the construction and public security ministries and HCM City’s People’s Committee on May 7 examined fire safety measures in apartment buildings and high-rise buildings in the city.

Investors in HCM City are struggling to rent their apartments as the market continues its tepid streak that began in early 2016, according to the Đầu Tư (Việt Nam Investment Review) newspaper.

Though introduced to Việt Nam a decade ago and experiencing rapid growth in the last three years, office-tel apartments have not received official legal recognition in Việt Nam.

The Government has banned enterprises from using residential apartments as offices in 2015. However, the use of apartments for business operations is rampant. Vietnam News Agency talked about this with Nguyễn Mạnh Khởi, deputy director of the Ministry of Construction’s Housing and Real Estate Market Management Department.

HCM City authorities have given all businesses operating out of residential apartments 15 days to move out.

Residential apartments in major cities like Hà Nội are used as offices despite the ban that took effective since middle last year.