Trump Organization to develop $1.5 billion golf course and hotel project in Vietnam
Vietnam’s real estate developer Kinhbac City said on Tuesday that its subsidiary has partnered with The Trump Organization to develop a $1.5 billion golf course and hotel project in Vietnam’s Hung Yen province.
New apartment prices in Thu Duc City outpace rest of HCMC
The average price of new apartments in Thu Duc City rose by 10% in the second quarter, double the average rate in the rest of HCMC.
2,000 real estate businesses In Vietnam stop operating in January
Two thousand real estate businesses temporarily ceased operations at the beginning of the year, equal to 138 per cent over the same period.
Property developer jailed for life after selling non-existent projects
Members of a company in the southern Binh Duong Province have received jail terms for selling non-existent projects to 384 people for VND162 billion (US$6.6 million).
Removing barriers for foreigners to own properties in Vietnam
The Vietnam Association of Realtors (VARS) has proposed allowing foreigners to purchase and own houses, including private houses and apartments, in Vietnam during the time they work in the country.
Vietnam land ‘reforms’ won’t cede communist control
Promised market reforms likely to go unimplemented as real estate prices tank, confidence plummets and dissent rises
Shopping malls lure tenants as street-front houses remain unoccupied
Retail spaces in HCMC’s shopping centers have mostly been filled in Q1 while street-front houses continue to stay empty, according to industry insiders.
Home buying in Vietnam: Mission impossible
With Vietnam’s ridiculously high housing prices, the average income earner needs to accumulate 160 years of salary to buy a home.
Woman in Da Nang gets jail for leasing house to foreigner staying illegally
A Da Nang woman has been sentenced to 2.5 years in jail for illegally providing accommodation for a South Korean man without a passport or visa.
Hanoi needs $3.9 bln for social housing projects
Hanoi needs VND90 trillion ($3.88 billion) to develop 7.2 million square meters of social housing in the next five years amid a shortage of low-cost residential real estate.
High-profile real estate projects on sale in Ho Chi Minh City amidst COVID-19
The novel coronavirus disease (COVID-19) has taken a toll on the real estate market in Ho Chi Minh City as many realty projects have been put up for sale, including those costing millions of dollars.
Foreigners own 2 pct of Vietnam housing supply
Foreigners own around 16,000 apartments in Vietnam, or 2 percent of the total housing supply, and this has not affected local people’s opportunity to buy houses, a report says.
COVID-19 yet to affect HCM City office space market
Though the COVID-19 pandemic has cast a shadow over the global economy, the HCM City office space market has not been badly affected this year, according to property consultancy companies.
Real estate companies in Vietnam lose trillions
The Covid-19 outbreak has cost many real estate firms trillions of dong from their market capitalisation value.