Real Estate

In the master plan for Binh Thuan province for the period of 2021-2030, with a vision towards 2050, the province is envisioned to have 16 urban areas by 2030. This includes one type II city, Phan Thiet, one type III city, La Gi, three type IV cities, and eleven type V cities.

With a steady revenue stream from its accommodation services and a significant boost in cash flow following the recovery of loan receivables, Van Phu - Invest Joint Stock Company (VPI) has demonstrated resilience in the face of economic and real estate market challenges.

The real estate industry is highly regulated, and individuals acting as brokers are not allowed to operate independently. They must be affiliated with a business entity and possess a valid brokerage license. The Ministry of Construction plays a pivotal role in regulating this profession by conducting rigorous examinations and issuing licenses to qualified real estate brokers.

"Most people think I'm odd for enjoying house viewings on rainy days. They dread the traffic, slippery roads, and flooding that often accompany heavy rainfall. However, for me, each downpour presents a unique opportunity to thoroughly inspect my potential future home."

The hopeful homeowners of the Hoa Khanh Industrial Park Social Housing Apartment Project in Danang are growing weary as the developer continually misses deadlines. To address this issue, the Department of Construction has intervened, urging the developer to expedite the process and deliver the long-awaited homes to their rightful owners without further delay.

The newly released land price adjustment coefficient for 2024 by the Hanoi People's Committee came into effect on July 29th. The districts of Hoan Kiem, Ba Dinh, Dong Da, and Hai Ba Trung boast the highest coefficients, indicating premium land values in these sought-after central areas of the vibrant city of Hanoi.

According to ACBS Research, the availability of leaseable land is becoming increasingly limited, particularly in the southern region. As a result, companies are actively seeking new land opportunities, with an advantage going to those that own rubber plantations eligible for conversion to industrial use.

To acquire land for commercial residential development, a business entity must obtain it through one of the following means: being granted land by the state, purchasing residential land through a transfer, or acquiring land with a permitted change of use.

The Hanoi authorities have outlined a phased investment strategy for the development of an urban rail network, with an ambitious target of achieving a 65-70% public transport modal share by 2035.

Giang Huynh, Director of Research and Consultancy at Savills Vietnam, emphasizes that the future supply of affordable housing will predominantly be introduced in Binh Duong, an area bordering Ho Chi Minh City.