Presentations were made by officials of the Ministry of Natural Resources and Environment and experts on real estate investment of Golden Bridge financial group. The discussion was focused on Real Estate Law, regulations on transparency of transaction assets, forms of real estate. Also, issues of special interests were financial problems, real estate investment, investment opportunities, evaluation method, land management. Q.C … [Read more...] about Korean experience in real estate market
Real estate market
Asian investors keen on HCM City’s real estate market
A delegation of the Asian Public Real Estate Association (APREA) has visited Ho Chi Minh City to learn about the city's development plan and investment environment. Receiving the delegation on March 12, Chairman of the HCM City People's Committee Le Hoang Quan called for investment in three new urban areas, namely Thu Thiem, Hiep Phuoc port and the southwestern area of Cu Chi outskirts district. Mr Quan also told the investors about the city's plan to develop its central area by building more deluxe offices and hotels. HCM City will need about 2,000-2,500 upmarket hotel rooms by 2015, he said. For their part, the APREA delegates affirmed that many foreign investors are willing to pour money into HCM City's real estate market. They suggested that the city should establish a system to regulate real estate investment biddings, and offer incentives regarding the operation of foreign investment funds to lure more investment. … [Read more...] about Asian investors keen on HCM City’s real estate market
Developing low-cost housing to stimulate the real estate market
(VOVworld) - The National Steering Committee on Housing and Property Market Policy has launched its action program for this year. At a meeting this week on developing low-cost housing to meet public demand and thaw the frozen real estate market, Deputy Prime Minister Hoang Trung Hai asked localities to review housing and residential projects, and halt projects which have not completed land clearance and those which don't comply with the local development plan. Housing projects under construction and unsold houses are allowed to adjust their design to confirm to market demand. The Deputy Prime Minister said it's necessary to reduce the housing supply and improve liquidity at the same time in order to revive the real estate market this year. … [Read more...] about Developing low-cost housing to stimulate the real estate market
Saving real estate market is not “rescuing the rich”
VietNamNet Bridge - The spokesman of the Government, Minister Vu Duc Dam has confirmed that the plan to remove difficulties for the real estate market will benefit the medium and low-income earners more than the rich. Is there group interest in the policy to rescue estate market? Very hard to break the frozen estate market, says minister Answering correspondents at the government's January press conference on January 29, the Chairman of the Government Office -Vu Duc Dam - said the resolution to remove difficulties for the real estate market does not aim to save the rich, but for the sake of the economy. "The Government never focuses on saving the rich. The Government's management is for economic development. The Government's consistent priority is for the difficult subjects," Dam emphasized. He said that in the process of solving problems for the real estate market, the Government will create opportunities to help the poor, the middle-income people who … [Read more...] about Saving real estate market is not “rescuing the rich”
Real estate market needs solutions
(VOV) - Minister of Construction Trinh Dinh Dung on Thursday responded to the National Assembly's Committee on solutions to warm up the real estate market. Minister of Construction reported that the real estate market has been facing a variety of problems since 2012 as home prices declined in every market segment. A freeze on real estate has resulted in Glut in real estate and an increase in the cost of construction materials. Incomplete reports from 50 provinces estimated the total surplus cost USD 5.3 billion including that of real estate in Ho Chi Minh city cost USD 1.4 billion and that of real estate in Hanoi cost USD 0.6 billion. Ataconference to review the construction industry and its plan for this year, Minister Dung said that the construction industry will focus on tackling unsolved problems combined with developing social housing, housing for the poor, and housing strategies by 2020. … [Read more...] about Real estate market needs solutions