The number of town houses and villas put up for sale in Hanoi in the first quarter rose to 2,600, a record high in three years, property consultancy CBRE Vietnam said on April 10.

VN property market is proving more attractive to foreign investors all across the board, with international investment funds out for profit-generating properties and investors looking for domestic partners to co-invest a range of projects.

A national database of the real estate market in Vietnam will be developed in an effort to provide basic market indicators with greater accuracy and improve the market transparency.

As one of many emerging markets Vietnam is experiencing rapid growth in its real estate sector, according to Jones Lang LaSalle Vietnam.

 Hanoi is determined to tackle stalled real estate projects but insiders remain concerned about how effective such measures can be.

Minister of Construction Trinh Dinh Dung told the “Citizens Ask, Ministers Answer” program on Vietnam Television that the warming up of the real estate market has not been caused by speculators but rather by actual demand in the market.