The Ministry of Construction has recently proposed a cap on loan limits for purchasing second homes (excluding social housing) at no more than 50% of the contract value, with a further reduction to 30% for third and subsequent properties.
On stormy days, numerous projects in Hanoi reveal their infrastructure vulnerabilities. Even high-end urban areas and the tallest buildings in Hanoi, priced at hundreds of millions of VND per square meter, swiftly transform into "fishing villages."
The VN-Index briefly touched the 1,700-point milestone before retreating, as trading liquidity dwindled amid investor caution ahead of the highly anticipated market upgrade announcement.