Ho Chi Minh City real estate market faces downtrend
MarketReal estate companies in Ho Chi Minh City (HCMC) are experiencing difficulties as the market is seeing a sharp downtrend.
Ho Chi Minh City property market stagnates: HoREA
MarketThe 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.
Ho Chi Minh City housing prices rise on shortage of new supply
MarketHousing prices continue to rise rapidly in Ho Chi Minh City (HCMC) because of a shortage of new supply, increasing population and lack of transport infrastructure in outlying areas.
HoREA’s firgures on estate inventories 9 times higher than Ministry’s statistics
MarketAccording to Ho Chi Minh City Real Estate Association (HoREA), compared to current statistics, the Ministry of Construction's statistics on the total real estate inventory value are incorrect as the inventories of many property enterprises are not fully taken into account. Developers must try harder to find solutions for the unsold products.
Deposit on home purchase shouldn’t exceed VND50 million: HoREA
PolicyTo prevent the situation that some property businesses take advantage of the Civil Law to illegally mobilize capital, Ho Chi Minh City Real Estate Association (HoREA) proposed limiting the amount of deposit on home purchases.
HCM City selective about high-rise apartment projects
PolicyThe Ho Chi Minh City Real Estate Association (HoRea) has recommended that the municipal People’s Committee should be more selective about giving licences to high-rise buildings.
Apartments for short-term rent boom
InvestmentDue to big demand, many apartment investors in Ho Chi Minh City have to find a niche market of short-term leases that even the current regulations have not allowed.
Ministry’s new guideline causes difficulties for investors
PolicyThe Ministry of Construction has issued a new guideline asking enterprises to have 100% legal land use right to be designated as project investors. Experts said this is causing difficulties for real estate businesses and may block projects.
