Real Estate

According to experts, establishing accurate land and property values, including apartment prices, without falling prey to "price gouging" requires a transparent database and a defined metric system. Only with these tools can one discern whether a seller's asking price is reasonable or exaggerated.

The province of Ba Ria - Vung Tau is set to auction off nine plots of land, with expectations of boosting the local budget by over VND 10,000 billion post-auction.

"There are numerous stalled projects due to legal issues, which have been left idle for years, resulting in a significant waste of resources. As such, I strongly support the National Assembly's resolution on mechanisms and special policies to address difficulties and obstacles for projects and land in inspection, audit, and court conclusions. This resolution will serve as an important legal basis to untangle these problematic projects," said National Assembly Deputy Pham Van Hoa, a member of the National Assembly's Committee for Legal Affairs.

The Vietnam Real Estate Broker Association (VARS) attributes the rising cost of housing as a significant contributing factor to the growing trend of hesitancy towards marriage and a reluctance to have children, or to have very few, which is particularly pronounced in urban areas with more developed economies.

According to experts and investors, land prices that are 7-8 times higher than the starting price are unusual. It is likely that some cases of high bidding followed by withdrawal are aimed at creating a "chicken run" effect.

The heightened interest and bustling transactions in the real estate market have spurred a rising trend in land prices across various regions. However, investors who jumped on the bandwagon at its peak are still awaiting their opportunity to offload their holdings.

The authorities of Thanh Oai District have assured that the auction process was conducted with the utmost safety and security. Any queries from customers were addressed by the relevant departments, and all procedures were carried out in accordance with regulations.

According to experts, establishing accurate land and property values, including apartment prices, and avoiding 'price gouging' requires a transparent database and a clear measurement scale. Only with these tools can we determine if the prices set by homeowners are unrealistic or not.

Elegant yet understated, luxurious without being ostentatious, but still making a statement – this is the epitome of sophistication and a quality that is reserved for those who understand and appreciate the finer things in life.

Vice Prime Minister Tran Luu Quang has approved, in Document No. 606/TTg-NN, the master plan for the transfer of 29.22 hectares of land for a tourism development project in Tay Ninh Province.