Real Estate

The Dau Giay - Tan Phu Expressway project requires the acquisition of nearly 380 hectares of land from local communities. The cost of compensation, support, and resettlement for those affected by the project amounts to over VND 1,450 billion.

"The esteemed lawyer, Nguyen Van Hau, Deputy Head of the Ho Chi Minh City Bar Association, offers his insightful perspective on the matter of land pricing adjustments. He emphasizes the importance of striking a harmonious balance between the interests of all stakeholders involved. To achieve this delicate equilibrium, he suggests a prudent approach of thorough research and impact assessment, thus requiring a thoughtful allocation of time."

The renowned Cosmos Initia consortium, comprising Daiwa House Group, TT Capital, and Koterasu Group, has recently turned heads with their groundbreaking ceremony for the TT AVIO apartment project in Di An City, Binh Duong Province. This momentous occasion, which took place in early August, signifies a pivotal step for the Japanese company, Cosmos Initia, as they celebrate their 50th anniversary by venturing into the thriving mid-range apartment segment in Vietnam, a market with burgeoning demand.

Assuming that soaring property prices fuel the trend of "marriage hesitancy and low birth rates," the Vietnam Real Estate Brokerage Association proposes a one-time support policy for married couples with two children who are purchasing social housing.

The 182-hectare wetland park project in Thu Thiem Peninsula, Ho Chi Minh City, is envisioned to become the city's "green lung" upon its completion. With a careful and thoughtful design, this park will not only serve as a much-needed natural sanctuary but also provide a plethora of benefits to the surrounding urban environment.

According to industry experts, the new regulations effective from August 1, 2024, are expected to curb the rampant practice of land subdivision and plot sales. While a contraction in the supply of land plots may lead to an upward pressure on prices, this move is anticipated to foster stable long-term growth for this segment, solidifying its position as the preeminent investment avenue.

There were many concerns raised at the Social Review Conference for the Draft Decision to amend Decision 02 of 2020 by the People's Committee of Ho Chi Minh City, which sets out the guidelines for land prices in the city. The conference was held on the afternoon of August 12th by the Ho Chi Minh City Union of Vietnamese Fatherland Front.

The People's Committee of Ngu Hanh Son District, Da Nang City, has released a report concerning the Muong Thanh Hotel and Son Tra Luxury Apartment complex project, located on Vo Nguyen Giap Street, Ngu Hanh Son District.

"With varying dynamics across different real estate sectors, the road to recovery will differ in terms of timing, pace, and magnitude. David Jackson, CEO of Avison Young Vietnam, offers insights into the diverse trajectories of real estate segments and forecasts a timeline for the market's ascent. He emphasizes that each segment has its own unique story to tell, and the recovery will be influenced by the broader macroeconomic context."

The Hai Phong City Department of Construction emphasizes the importance of achieving the '3 Goods' in their approach to social housing development: Good Location, Good Quality, and Good Price. All current and future projects are strategically located in prime areas, either in the heart of urban centers or closely linked to major industrial zones, ensuring well-planned and designed living spaces for residents.