Real Estate

Vice Prime Minister Le Minh Khai has approved the investment policy for the construction and infrastructure business of the expanded Yen Lu Industrial Park (phase 1) in Bac Giang province.

For the first time in two decades, researchers have added a new category, "unaffordable," coining the term "median multiple" to describe the ratio of median income to median house prices.

"Representatives from the Hoang Gia DL Joint-Stock Company asserted that the construction of unauthorized structures in Doi Cu was done with the 'approval of their connections at the provincial level'."

The Khanh Hoa province is set to construct the Van Phong Airport in Van Thang commune, Van Ninh district, with a total investment of nearly VND 7.9 trillion.

"Recently, the Joint Stock Commercial Corporation of Saigon Real Estate (Saigonres, HOSE: SGR) announced that the Saigon An Phu residential project has been approved by the People's Committee of Binh Duong province. The investment and development of this project have been entrusted to Saigon Trading Real Estate Business Company Limited (Saigonres Trading), a subsidiary of SGR, as of June 5th."

As per the Housing Law that came into effect on August 1, 2023, condominium mini-apartments will be eligible for a certificate of title (pink book) if they meet the specified requirements.

The Ministry of Construction has proposed a hefty fine of up to 1 billion VND for real estate developers who fail to disclose information about their mortgaged projects. This proposal aims to enhance transparency and protect consumers in the real estate market.

Several urban and resort projects in Khanh Hoa Province are undergoing land price adjustments. Among these, several projects have been identified by authorities as having violations.

By 2035, Ho Chi Minh City requires over 34 billion USD to complete its ambitious metro project, encompassing 6 lines and a total length of 183 kilometers. This substantial investment underscores the city's commitment to transforming its transportation landscape and creating a seamless, efficient, and world-class metro system for its residents and visitors alike.

The plight of vacant commercial spaces in Ho Chi Minh City's central district persists. Despite significant rent reductions offered by landlords, tenants remain elusive. This trend underscores the evolving dynamics of the city's business landscape, prompting a reevaluation of strategies to revitalize these dormant spaces.