On February 12 (the 3rd day of Lunar New Year), Prime Minister Pham Minh Chinh visited the construction site of the Hanoi Urban Railway Line 3 (Nhon - Hanoi Station), and he also visited and gave Tet gifts to the officials and workers working at the underground S12 station - the deepest position of the project.
"This haven is priceless, beyond the reach of money," shared Bằng Kiều.
Effective from January 1, 2025, the Land Law amendment states that before the competent state authority (court or competent level People's Committee) resolves land disputes, the disputing parties must attempt reconciliation at the People's Committee at the commune level where the disputed land is located.
Minister of Natural Resources and Environment, Dang Quoc Khanh, emphasizes that by adhering to the guidelines set forth in Resolution 18/NQ-TW, the Land Law 2024 will serve as the foundation for efficient land management and utilization, driving our country towards becoming a high-income developed nation.
Despite a challenging year, the price of rental properties in major cities such as Hanoi and Ho Chi Minh City continues to soar, forcing tenants to flee. However, experts and agents remain optimistic that the market will rebound in the new year due to price reduction measures.
On February 13th (the 4th day of the Lunar New Year), Prime Minister Pham Minh Chinh conducted an inspection of the progress, presented gifts, and encouraged the officials, workers, and laborers working on several key transportation infrastructure projects in the southern provinces. The first project that the Prime Minister visited and surveyed was the Ho Chi Minh City Belt Road 3.
The real estate market is entering 2024 with positive signs, as many agents who had left the market are now eagerly returning.
The Hanoi Construction Department has announced a list of 16 qualifying future real estate housing projects that will be put into operation in 2023 (according to the 2014 Real Estate Business Law).
Investors participating in the project must contribute a cash amount equivalent to 20% of the total project investment, which is approximately 1.046 billion Vietnamese dong.
At the "Conquering the Real Estate Market 2024" event on December 13th, the Vietnam Real Estate Brokers Association revealed that there are currently only around 100,000 active brokers in the country, a significant decrease from the previous 300,000. Additionally, the conference shared that in 2023, 70% of real estate brokers either switched professions or left the industry due to negative market conditions. Looking ahead, the real estate brokerage industry will continue to face fierce competition, especially following the implementation of the amended Land Law, which will eliminate many poorly performing developers and promote a healthier and more professional real estate market.
