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Expert: Speculation Not the Primary Cause of Rising Real Estate Prices

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Dr. Lê Xuân Nghĩa asserts that speculative demand does exist, but it is not the primary driver of rising real estate prices. The core reason behind the surge in property values lies in the fundamental imbalance between supply and demand.

Prime 1.5-Hectare Plot in Hanoi’s Most Affluent Neighborhood Awarded to Four-Month-Old Company

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Hanoi has allocated nearly 1.5 hectares of land in the Tay Ho Tay urban area to a business for the development of a mixed-use project, encompassing public services, commercial spaces, offices, and high-end residential housing.

Northern Investment Capital Flows Shift Significantly Southward as Year-End Approaches

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According to Ms. Duong Thuy Dung, Executive Director of CBRE Vietnam, the expanded areas surrounding Ho Chi Minh City, such as former Binh Duong and Long An, are witnessing a robust supply of properties. Here, the average primary prices are approximately 30% for low-rise housing and 50% for condominiums compared to the older districts of HCMC.