Vietnam to work on amending regulations on condotel model
PolicyWith many investors getting duped by developers, the HCMC Real Estate Association (HoREA) has proposed amending unreasonable regulations affecting the condotel segment which causes huge losses to secondary investors.
Experts concerned over land price hike
MarketMultiple experts have expressed concern over the Ministry of Natural Resources and Environment’s proposal to double the land prices, as higher prices will result in higher land use fees for businesses and residents.
Ho Chi Minh City home supply plummets: HoREA
MarketThe 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).
HoREA proposes not allowing investors to run condo maintenance funds
PolicyAmendments to the Housing Law should not allow the investors of apartment building projects to manage and use the condo maintenance fund as it may cause disputes between investors and apartment owners, according to the HCMC Real Estate Association (HoREA).
HoREA wants list of 124 resumed property projects released
PolicyHCMC – The HCMC Real Estate Association (HoREA) has called on the HCMC People’s Committee to release the list of 124 property projects that were previously suspended for investigations and inspections and have now resumed construction, said its chairman, Le Hoang Chau, at a conference in HCMC today, April 10.
HoREA proposes an increase of loan interest cap on property
PolicyHCMC – The HCMC Real Estate Association (HoREA) has proposed that the Government consider raising the loan interest cap to 25%, from the current limit of 20%, the local media reported.
Downtown condo development ban may cause monopoly
MarketHCMC - The HCMC government’s decision to stop licensing new multistorey apartment building projects in Districts 1 and 3 until 2020 could result in a monopoly among the few investors in projects currently under construction, paving the way for them to raise the prices of apartments, according to the HCMC Real Estate Association (HoREA).
Property firms face financial difficulties
PolicyHCM City-based property developers listed their difficulties at a meeting between the HCM City Real Estate Association and the city authorities on Wednesday.
Real estate adapts in times of tightened bank credits
InvestmentWith bank credit capital sources still limited, many real estate companies are doing their calculations, adjusting their business plans, and looking for new source of capital.
