Source: Lao Dong
14,000 apartments abandoned while millions of people dreaming of home
MarketWhile tens of thousands of households are renting temporary, more than 14,000 apartments for resettlement after projects in Ho Chi Minh City (HCMC) have been deserted for many years.
Home prices are 20 times higher than people’s average income
MarketAccording to Ho Chi Minh City Real Estate Association (HoREA), the lack of small and medium-sized commercial housing products (with 1-2 bedrooms) with affordable prices (under VND2 billion) has been a burden for low-income people who want to own a home.
Land buyers should beware of property scams in Ho Chi Minh City
PolicyHo Chi Minh City (HCMC) authorities have warned about real estate projects that are making false advertising claims to cheat buyers.