Many localities have raised their land prices by up to 70%, while on the national scale the Government is expected to issue a new price framework, driving up prices by 30%.
Q4 luxury apartment prices in Saigon have surged 40 percent from 2017 due to limited supply, according to real estate service firm CBRE.
The State Bank of Vietnam (SBV) has warned commercial banks of the risks associated with accepting land-use rights certificates as collateral for loans.
The area of land needed for the Long Thanh International Airport project in Dong Nai Province in the first phase has been adjusted upward to 1,810 hectares from the original 1,165 hectares, according to authorities of the southern province.
This is a statement made by Chairman of Vietnam National Real Estate Association Mr. Nguyen Tran Nam, at the “Establishment of the 2021-2030 Comprehensive Social Housing Policy in Vietnam” seminar held on February 21 in Hanoi.
At the end of the third quarter 2018, research shows that land market has cooled down, apartment transactions have declined, affordable housing supply is insufficient, and resort real estate has also slowed down in both supply and consumption. In response to the market, Reatimes had a talk with Duong Duc Hien, Sales Director of Savills in North and Central Vietnam, on investing trends for the last quarter.