Buyers receive apartments at Block C of the Diamond Lotus Riverside complex project in Ho Chi Minh City, developed by Phuc Khang Mitsubishi Corporation Holding (PKMC), a joint venture between Phuc Khang and Mitsubishi.
The real estate market in HCMC was bleak in the January-September period this year with few projects being launched, which will result in a shortage of apartments in the near future.
Government of Khanh Hoa province has asked Cat Tiger Khareal property developer, owner of the Napoleon Castle 1 residential project, to terminate 20 property contracts illegally selling apartments to foreigners.
The selling price of apartments in HCMC increased 11.8 percent on average in Q3, while rents rose 5.4 percent.
Apartments priced from VND25-40 million/sqm accounted for more than half of demand for properties in Ho Chi Minh City (HCMC) market, data of market report in Quarter 2/2019 by Batdongsan.com.vn showed.
Four in five apartments that opened for sale in Hanoi in the first half of 2019 are located in the eastern area of the capital city, covering 80 percent of the total new launch in the first half of 2019, property consultancy CRBE Vietnam announced in an event to review the capital city’s real estate market.
The first six months of 2019 saw 24 housing projects being approved to proceed with the sale of a total of 7,310 apartments, which will be built in the future, down 24% year-on-year, VnEconomy news site reported, citing the HCMC Real Estate Association (HoREA).
As many as 1,030 apartments will be available in 2021 for low-income people at the price of 8 million VND (343 USD) per square metres in Thanh Lam-Dai Thinh 2 new urban area in Me Linh district, Hanoi city.
Solutions of disputes between developers and residents in high-rise apartment buildings are discussed in a seminar held June 25 in Ho Chi Minh City.
Urbanization is happening very rapidly at the Hanoi’s Western gate, namely the two districts Nam Tu Liem and Bac Tu Liem. A “forest” with tens of thousands of apartments is growing up there.
The National Assembly’s (NA’s) supervision delegation has asked the Government to issue policies to prevent the Vietnamese people from buying land lots and apartments and transferring them to foreigners.
In April 2019, average price of apartments in Ho Chi Minh City (HCMC) reached VND 33.56 million per sqm.
Vietnam’s southern metropolis of Ho Chi Minh City (HCM City) remains attractive to investors with an exciting quarter, while Hanoi’s real estate market experienced the first three months of this year with significant movements in all segments, mostly apartment for sale, the latest report by JLL has shown.
Mapletree Investments (Mapletree) unveiled a joint venture with Saigon Co.op Investment Development JSC (SCID) and officially opened its first Mapletree-developed high-end serviced apartment V Plaza in District 7 of Ho Chi Minh City.
More foreigners are buying apartments and investing in real estate in Vietnam, especially in HCM City, with most of them coming from mainland China, Japan, Singapore and South Korea.