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The Ministry of Construction to Inspect Real Estate Projects with Abnormal Price Surges
The challenge of addressing the complexities of social housing projects and curbing price manipulation and real estate speculation falls squarely on the shoulders of the Ministry of Construction. In the coming period, the Ministry, in conjunction with the Department of Housing and Real Estate Market Management, the Construction Inspectorate, and the Legal Affairs Department, will work to overcome these hurdles and bring about much-needed reforms.
The Capital Expedites Old Apartment Renovation
A slew of old apartment buildings in Hanoi will require approval for detailed planning at a scale of 1/500. This crucial step sets the foundation for subsequent processes in the transformation and rebuilding of the city's aging apartment blocks.
The Great Apartment ‘Price Race’ Between Hanoi and Ho Chi Minh City
The average price of newly launched apartments in Hanoi in 2024 is 75 million VND per square meter. Ho Chi Minh City, on the other hand, recorded a staggering record of 91 million VND per square meter, a significant 19% higher than Hanoi's property prices.
