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The Soaring Apartment Prices: A Tale of Real Estate Woes and Cancelled Dreams

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The leaders of Dat Xanh (DXG) have confirmed plans to cancel all previously signed purchase agreements for the Gem Riverside project and restart the development with new pricing. Affected buyers have two options: they can either receive a refund on their deposit (approximately VND 250 million) with a compensatory interest rate of 10-15% per year, or they can purchase a unit at a new discounted sales price.

The Local Real Estate Market: Where the Shortage Doesn’t Halt and the Surplus Doesn’t...

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"A thorough assessment of the local real estate markets is imperative to identify areas where there is a shortage of development and where there is an oversupply of properties that remain unsold." This was one of the key messages conveyed by Deputy Prime Minister Tran Hong Ha during the Central Steering Committee meeting on housing policies and the real estate market, held on October 24th.

“Prime Minister Demands Local Governments to Issue All Remaining Documents Detailing the Land Law...

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Prime Minister Pham Minh Chinh has instructed local authorities to focus on enacting all assigned detailed provisions of the Land Law and its implementing decrees by October 31, 2024. This directive emphasizes the importance of establishing comprehensive land-related regulations, ensuring a clear and concise legal framework for land management and use across Vietnam.