Notably, from 2018 to the third quarter of 2023, the land price for sale in the South and the North increased by 71 percent and 54 percent, respectively. On average, in urban areas, land costs account for about 10 percent of the cost of apartments and 20 to 30 percent of the cost of townhouses…

This is, in part, because FDI inflows boost into the capital city, according to Savills. Of note, in the first half of 2024, Hanoi had the fourth highest inflow of FDI in Vietnam recording US$1.18 billion, accounting for 7.78 percent of the country’s total registered FDI…

Of note, foreign businesses have been a key driver for the Vietnamese real estate market this year. From January to June, more than US$2.4 billion worth of foreign direct investment was registered in the sector, a significant jump from US$1.53 billion in the first six months of 2023…

Whereas some elements of these laws were already in force, the bulk of the reforms contained therein were not due to kick-in until January 2025. These laws, however, have been slated as a cornerstone of the recovery of Vietnam’s real estate industry which, although showing some signs of improvement, is still floundering. Among the reforms are changes that should open up the local real estate market for Vietnamese living abroad as well as a simplified dispute resolution process…

In the current economic climate, with deposit interest rates at historic lows, the local gold price much higher than the world gold price, and US dollars prices cresting all-time highs against the local currency, the need for a diversification of investment vehicles for Vietnamese consumers is becoming increasingly clear. Furthermore, Vietnam’s real estate market has been struggling to access capital on the back of a myriad of challenges the industry has faced in the past two years or so. In this context, this real estate crowdfunding program had a lot of potential…

The connection to the gold hotel in Hanoi, whether it’s up for grabs or not, is noteworthy in that it was finished in 2019 right before COVID-19 saw borders close for the better part of two years. Up to that point, Vietnam’s economy had been going gangbusters as Vietnamese real estate and construction tycoons issued bonds and borrowed money hand over fist expanding…

Among the key regulations this change will see come into force early are adjustments to the Law on Land that will remove land pricing regulations that see a price set every five years based with which, using their own coefficients, local governments determine the price of land. With land values increasing faster than the centrally set price and, believing their land to be worth more, landowners had in the past refused to sell waiting for a better price and this has held up a number of projects.

This may, however, be wishful thinking. It is already quite common for overseas Vietnamese to invest in real estate in Vietnam. Generally, if overseas Vietnamese cannot acquire property in their own name they will do so through a family member still living in the country. In this context, it’s not clear that when the new law comes into effect this part of it will make all that much of a difference.

Vietnam’s Novaland, the country’s second biggest real estate developer, is currently being investigated by the Ho Chi Minh City Police department. The department has reportedly request documents pertaining to Aqua City, a real estate development in southern Vietnam’s Dong Nai province. As a result, Novalands share value plummeted by about

At the end of February credit issued to Vietnam’s real estate sector had increased by about US$813.2 million, however, the residential sector recorded a credit contraction of US$78.6 million. Outstanding loans for off-the-plan houses also fell by US$648.3 million. Conversely, gains were made in industrial parks and export processing zones,

The fact that she is even being asked about it is very telling as to how local investors view Vinfast’s prospects even if the local media is firmly on Vinfast’s side. (Full article is in The Investor). Vingroup owns about 60 percent of Vinhomes, and the head of Vingroup has

Vietnam’s revised Law on Land was slated to come into force on January 1, 2025, however, key decision makers are pushing for the National Assembly to move the start date up to as soon as July 1 of this year, Zing News is reporting. This looks to be in an

Truong My Lan, the head of property developer Van Thinh Phat was sentenced to death this week convicted of a number of charges including embezzling US$12.5 billion. Local news coverage is more or less all the same. See: Vietnam property tycoon Truong My Lan sentenced to death in multi-billion dollar

VN Express is running a letter from a reader known only by their first name, Van, in which Van says taking out a loan to buy a house in Hanoi’s Old Quarter was one of their best decisions. Van essentially says that the appreciation in the value of the property

Tuoi Tre has gone through the financial statements of 60 Ho Chi Minh City Stock Exchange listed real estate firms and found that there has been an increase in inventory of 3 percent over the end of 2022 and 30 percent over the end of 2021. They valued the inventory