Decree No.25/2020/ND-CP (Decree 25) issued by the prime minister on February 28, 2020 has broken through the biggest obstacles facing real estate projects nationwide in land bidding and implementation.
Proptech in Vietnam is developing and expanding on the back of strong momentum in the Vietnamese real estate market, due to its benefits in improving accuracy and speed, as well as cost savings and convenience.
A number of projects located on the bank of the Saigon River in the second city could face the axe from next month after an inspection by Ho Chi Minh City People’s Committee found that they violated building regulations.
Delays to approvals for new office developments, along with proposed land price hikes, are unsettling the prospects for the Ho Chi Minh City office segment heading into the next decade.
The property market in Vietnam has received increased FDI inflows during the past years. VIR talked with Savills Vietnam managing director Neil MacGregor about his assessments and expectations of these FDI flows.
Recent proposals in several cities to increase land prices, together with the current restrictions placed on new projects, are expected to cause headaches for real estate developers, leaders and relevant associations.
Suspended ventures due to lack of administrative procedures are instigating a severe shortage of supply and sharp increase of prices of the property market in Ho Chi Minh City, as well as in outskirt areas.
The merger and acquisition market has witnessed the real estate segment in a strong leading position; however, there remains many pitfalls which partners must be careful of whenever they enter into a property deal.
International events like the Asian Economic Cooperation Forum (HORASIS) has brought investment opportunities for domestic and foreign investors, while raising Binh Duong into a member of many international organisations
Positive signs have been seen in Vietnam’s condotel arena after two years of downturn as consumption in the third quarter of this year was reported at 86 per cent compared to below 40 per cent in the same period of 2018.
A record capital volume of nearly VND457 trillion ($19.87 billion) was committed by investors for 22 projects in the south-central province of Binh Thuan at the 2019 Investment Promotion Conference held last weekend.
The auction of 55 land plots in Thu Thiem New Urban Area in District 2, Ho Chi Minh City is expected to encourage foreign developers through the wide land area offered, the transparent conditions and low risks.
The south-central province of Binh Thuan has been actively improving its infrastructure system in order to create more favourable conditions for attracting more investment.
The $500 million Saigon Sports City will finally be started next month after a prolonged administrative Odyssey, according to Ho Chi Minh City People’s Committee.
The merger and acquisition (M&A) market since last summer has witnessed a surprising switch among top segments, with major activities in real estate overcoming consumer goods, leading to positive signs for the market for the next 12 months.