real estate

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

A total of 41 percent of businesses in a Ho Chi Minh City Business Association–known by the acronym HUBA–survey said they could not borrow capital because they had no unmortgaged collateral left, VN Express is reporting. The association argues that valuations on agricultural land are low and that inflation is

The Investors has run an article by Nguyen Van Dinh, a real estate legal expert, in which he argues recent regulatory changes to home loans, specifically the use of homes that have not been completed to secure financing, are not a cause for concern as has been reported in the

Vietnam’s new Law on Land, will remove land price brackets set by the state which should see land values increase, which should lead to less complaints from landowners when their land is acquired, which should make site clearance much easier, Luat Vietnam is reporting. In the past, the national government

The Ho Chi Minh City Real Estate Association (HoREA) has raised concerns about new regulations that will only allow banks to issue home loans on completed buildings, Tuoi Tre is reporting. These new regulations are outlined in Circular 22/2023/TT-NHNN. The article does not offer specific details as to what these

Apartment prices in Hanoi, in some instances, have doubled on the back of a slowdown in the construction and real estate sector, Doanh Nhan Vietnam is reporting.  Key points: At the end of Q3 2023, 42 commercial housing projects had been finished accounting for about 15,966 properties; This was barely

Singapore’s CapitalLand and Malaysia’s United Overseas Australia are working together to develop a mixed-use real estate project with US$247.1 million in Vietnam, The Investor is reporting. No details are provided regarding where the project will be developed.

Two Japanese firms, Cosmos Initia and Koterasu, have partnered-up with Vietnamese firm TTCapital Investment, to build affordable housing in Vietnam, Tuoi Tre is reporting. This is of interest in that the demand for affordable housing far outstrips demand for mid-level apartments, yet most development and investment has been focused on

An amended real estate business law has officially been approved by the National Assembly of Vietnam, The Investor is reporting. Set to take effect from January 2025, the amended real estate business law has a few key changes developers and real estate firms should be aware of. These include: Developers

Layoffs and closures in the real state sector are ongoing, The Investor is reporting. Specifically, Housing Development and Trading Joint Stock Company (HDTC) earlier this month announced it would furlough its workforce without pay until business picks up again. The Investors goes on to list several large real estate firms

Real estate firm Novaland has proposed using unsold properties in its Grand Manhattan development in Ho Chi Minh City to cover outstanding bond debts, Vietnam News is reporting.  It’s not clear that this resolution has been accepted or that it will be by creditors. The bond debt is outstanding from

Singapore real estate developer, CapitalLand, intends to drop US$738.6 million on developing nine towers comprising 4,000 units, in Hanoi’s west, The Investor is reporting. Why it matters: Vietnam’s real estate sector is on struggle street mostly because of a number of fraud cases that emerged in corporate bonds issued by

Novaland is ‘back in the black’ with an after-tax profit of VND136.7 billion (US$5.7 million) in Q3, VN Express is reporting. This was a big change compared to the first half of the year in which it recorded a loss of  VND 1,094 trillion (US$44.5 million). There is, however, no

Whereas this is ‘good news’ for industrial real estate developers, according to Vietnamnet, it will mean increased costs for leasees.  Vietnamnet cites data from CBRE which shows occupancy rates at 80.2 percent, with an average lease price in the primary market of US$131 per square meter. It’s not clear what

The Hanoi Tax Department has found that property developer FLC has US$3.3 million owed in back taxes, VN Express is reporting. The publication also notes that FLC hasn’t released its financial reports since the fourth quarter of 2022. FLC’s chairman was arrested for stock manipulation back in March 2022 and