To prevent speculation and price inflation, the State needs to apply comprehensive measures to increase the transparency and supply in the market.

Concerns are being raised about the proposal to increase taxation imposed on real estate transactions and leasing and whether it could be an effective tool to prevent real estate speculation.

Improving supply and providing transparent information about property projects are the most important solutions that will help prevent speculation.

The deadline for the first round of Thu Thiem land use fee payment has expired, yet none of the four winners of the land auction on December 10, 2021 perform its duty.

Prices at land auctions in the last months of the year have been climbing to new highs.

Real estate, in the eyes of investors, is the most profitable and least risky business field.

According to the Vietnam Real Estate Brokers Association, land prices have risen quickly, 10% a month on average. In some places, it has increased 2-3 times in just 1-2 months.

Prime Minister Pham Minh Chinh has emphasized that the national housing strategy needs to include reasonable social housing development, and the tax regime on land speculators should be adjusted.

A “land fever” is spreading throughout the country, from the North to the South, from the lowlands to the mountains. Everywhere, the price for land of all kinds, from housing to industrial to farming land is increasing.

The market often cools down when periods of "land fever" end, but then new higher price levels reoccur later.

Land prices unexpectedly escalated after Tet holiday, though Vietnam is still struggling with Covid-19 and people have had to tighten their purse strings during the pandemic.

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 real estate market remains feverish not because of high demand and short supply, but because of speculation, experts have said.

A leading Vietnamese real estate developer has reported an additional loss of tens of billions of dong, raising its total loss in 2020 to VND500 billion, though land prices are escalating all over the country.

HCM City will organise an auction to seek investors for the right to use nine land plots in the Thu Thiem new urban area in District 2.

Whenever information on infrastructures of a town gets leaked, even as a mere proposal of the government, real estate prices of that area would immediately go up.