Experts discuss measures to ensure housing supply in HCM City as the area’s population has soared. On September 17, HCM City People's Committee held a conference to discuss solutions for housing development to meet the population growth of 1 million people every 5 years in the period 2021-2035 in HCM City. HCM City Chairman Nguyen Thanh Phong emphasised that as a centre of economic, culture and technology, HCM City has attracted a large number of people across Vietnam. Deputy Minister of Construction Nguyen Van Sinh speaks at the conferencee "The city is also facing a huge problem for housing development. Statistics show that the city has around nine million permanent residents but there are actually 13 million people living in the city. Despite the huge number of residents, there are still problems with population distribution," Phong said. He went on to say that the population density in HCM City is 14.7 times higher than in other cities and provinces. Most people flock … [Read more...] about Concerns over housing shortage problem raised in HCM City
According to a report by the HCM City People's Committee, in August alone, the city has 28,465 newly licensed businesses with a total registered capital of VNĐ456 trillion, of which the number of real estate businesses accounts for 7.3 per cent. — VNA/VNS Photo Danh Lam HÀ NỘI — The HCM City Department of Construction (DoC) has asked real estate companies, brokers and trading floors in the city to strengthen preventive measures against money laundering and terrorist financing. The department asked the bodies to strictly follow regulations on customer identification, updating customer information, reviewing transactions and carefully monitoring transactions by high-risk customers. They were also told to send reports on suspicious transactions and reports on cash transactions worth VNĐ300 million (US$12,800) or more to the Department of Housing and Real Estate Market Management under the Ministry of Construction and the State Bank of … [Read more...] about HCM City to combat laundering in real estate
The Hanoitimes - Quality of assets, rental growth, deal size, and land tenure are decisive for investment choices. Three investment strategies in Vietnam industrial real estate sector What makes Vietnam’s industrial real estate most attractive in 2019? Vietnam real estate market most attractive in Southeast Asia: Japan investors How does Trump-Kim summit affect Vietnam’s real estate market? Vietnam’s strong economic growth in the first six months of 2019 has fueled the real estate sector through a series of merger and acquisition (M&A) deals. Many M&As in Vietnam real estate sector in H1/2019 The good sight results from good macroeconomic fundamentals in the first half (H1) namely GDP growth rate of 6.8%, inflation stable at 3% against the same period last year, pledged foreign direct investment (FDI) at US$18.47 billion, and record import-export turnover at US$245 billion. In addition, strong sentiment from the … [Read more...] about What are the highlights of real estate M&As in Vietnam in H1?
The Hanoitimes - PropTech uses digital innovation to address the needs of the property industry. VinaCapital Ventures invests US$4 million in Vietnam’s first proptech startup Proptech or property technology is gaining popularity in Vietnam thanks to benefits in improving accuracy and speed, cost savings and convenience, according to JLL – leading professional services firm that specializes in real estate and investment management. Ms Trang Bui, Head of Markets, JLL Vietnam. Photo: JLL Proptech, which is the use of information technology (IT) to help individuals and companies research, buy, sell and manage real estate, is developing and expanding on the back of strong momentum in Vietnam real estate market, said Trang Bui, Head of Markets at JLL Vietnam. In Vietnam, the development of proptech is more prominent in the segments of residential and office. These two sectors witness high levels of interest from both developers and buyers and are … [Read more...] about Proptech gains popularity in Vietnam: JLL
Apartment buildings in Hà Nội. The selling prices of real estate products are expected to remain largely unchanged in the second half of the year. — Photo cafef.vn HÀ NỘI — The supply of real estate products is expected to surge in the second half of the year but a market bubble is unlikely to form, according to general secretary of the Việt Nam Association of Property Brokers Nguyễn Văn Đính. Selling prices are unlikely to change much as demand remains high. Đính told a meeting earlier this week that supply and the number of transactions in the property market in the first six months of the year were reduced from the first half of last year. Decreasing supply in the second quarter was due to tightened credit policies in the real estate market. “However, demand in the property market was high in the January-June period in the two big cities," he said. "The real estate prices therefore were … [Read more...] about Property supply expected to increase in H2