The Hanoi Construction Department has sent a dispatch to the Ministry of Construction (MOC), asking for guidance on procedures that parties have to follow to transfer a part of the Ciputra urban area project.

Hanoi and Ho Chi Minh City are proposing a series of solutions to impose extra tax after a recent request from the prime minister to readjust the real estate market to limit investment flows into unused property from speculation.

Hanoi has proposed to the Ministry of Finance the imposition of a tax or fine on owners of half-finished and abandoned townhouses and villas which were causing considerable waste of land resources.

The General Department of Taxation under the Ministry of Finance is studying a proposal on increasing the threshold of taxable revenue for individual landlords renting out houses.

Hanoi and HCM City have seen different demands among business tenants from Japan and South Korea, according to Savills Vietnam.

The country’s apartment inventory was estimated at some 3,300 units by the end of the first quarter of the year, falling 5,700 units compared to the same period last year, according to the Ministry of Construction (MoC).

A series of large corporations reported a sudden increase in profits in the first quarter of 2021 and a positive outlook for the whole year despite the impact of the Covid-19 pandemic. This was an unusual development but was not too surprising.

The supply of industrial property in the South is expected to rise further in the next five years to capitalise on the increasing demand in the region, and further strengthen its leading position in terms of supply, according to JLL Vietnam.

The Da Nang Department of Construction has made public a list of commercial housing projects in which foreign organizations and individuals are allowed, or not allowed, to buy apartments or houses.

The Da Nang Department of Natural Resources and Environment has warned that the tricks of several property speculators could drive up land prices in the central city after recent announcements of adjusted master planning.

The Ministry of Construction has asked provincial and municipal people’s committees to tighten management on condotels, officetels, resort villas and shophouses 

The Ministry of Public Security has proposed not granting ownership certificates to allow condotels, tourist villas and officetels to be turned into residential projects.

As she owns one of the most beautiful villas in Tam Dao Golf Course, Nguyen Thanh Hang had never spent a penny promoting her Sapphire Villa but was still fully booked most of the time.

The HCM City Real Estate Association (HoREA) has asked for corporate bond regulations to be loosened to help businesses get through the COVID-19 pandemic, local media have reported.

The Ministry of Construction has issued a new circular allowing developers to build commercial apartments measuring 25 square meters each, with effect from July 1. 

With new guidance on granting ownership being issued in Vietnam, condotel investors are seeing a light at the end of the tunnel after more than two years of uncertainty.

HCM City and Hanoi continue to lead the momentum in Southeast Asia, ranking third and seventh among the most dynamic cities in the world, according to the City Momentum Index recently issued by property consultant Jones Lang LaSalle.

HCMC luxury residential segment expects bright prospect for 2020

Local property experts have forecast that the domestic real estate market will recover this year.