Ho Chi Minh City kicks off Thu Thiem 4 bridge project
ProjectsThe Thu Thiem 4 bridge, connecting District 2 and District 7 with an estimated investment cost of about VND5.2 trillion ($226 million), is expected to boost the development of Thu Thiem new urban area.
Phu Quoc planned to be special economic zone again
PolicyPrime Minister Nguyen Xuan Phuc asks authority of Kien Giang province to create new plans for making Phu Quoc island become a special economic zone (SEZ), after the province’s proposal to stop the plan earlier this year.
CEO of Alibaba Real Estate JSC arrested
PolicyMore than a hundred polices with weapons and special vehicles surrounded headquarter and offices of Alibaba Real Estate JSC in Thu Duc and Binh Thanh District, HCMC to arrest CEO Nguyen Thai Luyen and his brother.
House price growth is 2 times faster than income of Vietnamese people
MarketBetween 2016 and 2018, it was hard for Vietnamese people to buy real estate with accumulated money as land prices rose too fast.
3 real estate types promising to boom at end of 2019
MarketIndustrial real estate, resort real estate and multipurpose real estate expected to stir the domestic market by the end of 2019.
6 reasons why Saigon central properties are always hot despite extremely high prices
MarketTogether with many advantages in location, infrastructure, and profitability, properties in central districts of Ho Chi Minh City, formerly known as Saigon, also reflect their owners’ wealth and class.
Saigon property market sees downward trend
MarketA recent report by Savills showed the number of real estate transactions in Ho Chi Minh City (HCMC) in the first quarter of 2019 dropped 49 percent year-on-year.
Maintenance fees in more than half of Hanoi apartments not handed over yet
PolicyThe Ministry of Construction has recently announced results of State management inspection on management and use of apartment buildings in Hanoi on its portal. In Ho Chi Minh City, this agency also set up an inspection team to implement the same tasks.
Hanoi’s gold-plated apartments aren't attractive to buyers
MarketSeveral Hanoi apartment developers use gold plating to make their products stand out from the crowd. However, many of their projects remain uncompleted for years, even some are in legal limbo.
Saigon home prices soar 50% in half decade
MarketApartment prices in Ho Chi Minh City (HCMC) increased by 10 percent a year between 2014 and 2018, according to a recent report by real estate market research firm Savills.
