real estate

Hanoi’s real estate market: Mid-range segment dominates with 98% share

The mid-range segment accounts for 98% of the total supply of apartments in Hanoi, while the high-end segment constitutes a mere 2%, CEO of Indochina Capital Michael Paul Piro told a press briefing in Hanoi on September 23.

Society – Economy

Foreign investment in real estate surges in January-August
Foreign investors poured a total of US$2.4 billion into the real estate market of Vietnam in the first eight months of this year, five times the level over the same period last year, according to the latest updates from the General Statistics Office (GSO).
HCM City’s real estate market shows signs of recovery
Real estate revenue in Ho Chi Minh City reached VND173 trillion (over US$7 billion) in the first eight months of the year, up 6.1% year-on-year, according to the HCM City Statistics Office.

Vietnam ranks 49th out of 89 economies in term of real estate transparency: JLL
Vietnam ranked 49th out of 89 economies in term of real estate transparency, according to a recent global real estate transparency index (GRETI) 2024 rankings by global property services firm Jones Lang LaSalle (JLL).
Vietnam, ideal destination for industrial real estate investment
Vietnam is described as an ideal location for industrial real estate investment with its economic and demographic factors, and analysts predict it will emerge as a regional leader in this segment.
Exorbitant property prices challenge credit for home loans
Real estate is a major factor in credit growth, particularly the demand for home loans. Home loans are still slow over the first seven months of the year even though many banks have been offering very competitive interest rates.
Real estate inventories remain high: MoC
More than 17,100 apartments and land plots of real estate projects across the country remain in the market in the second quarter of this year, with land plots and houses doubling that of apartments, the Ministry of Construction (MoC) reported on August 14.

Individuals not allowed to buy, sell houses over 10 times yearly
Under the government’s recently issued Decree No. 96/2024/NĐ-CP, individuals engaged in real estate business are not allowed to buy or sell houses more than 10 times yearly.
Navigating challenges in Vietnam's industrial real estate market
Vietnam's industrial real estate market boasts ample potential, but challenges remain to its development.
New legal framework to create advantages for foreign real estate investors
Experts believe that positive changes in real estate laws and the policies of the Government will increasingly attract many foreign investors, helping to orient the market to develop in a more healthy manner.
New laws help further bolster real estate market
A recent roundtable in Ho Chi Minh City discussed measures to support and promote the real estate market development.
Domestic enterprises make imprints on real estate M&A market
The domestic real estate market has bottomed out and is gradually making a U-turn, promising a brighter outlook this year with mergers and acquisitions (M&A) bouncing back.
VAT reduction to 8 percent starts from July 1 to December 31
The Government yesterday issued Decree No. 72/2024/NĐ-CP detailing the policy on reducing value-added tax (VAT) in accordance with the National Assembly’s Resolution No. 142/2024/QH15.
Real estate credit in HCMC higher than common credit
In the context of the low capital absorption rate of businesses and the entire economy, the transformation of the real estate market in recent months and the growth of real estate credit have boosted credit growth in Ho Chi Minh City.
Outstanding real estate brokers to be honoured
A ceremony will be held by the Vietnam Association of Realtors (VARS) later this month to honour the collectives and individuals with outstanding achievements in the field.
Decrees to facilitate enforcement of laws on housing, real estate
Deputy Prime Minister Tran Hong Ha chaired a hybrid conference on May 21 to discuss some draft decrees on the enforcement of the 2023 Law on Housing and 2023 Law on Real Estate Business.
Industrial real estate market stable in year's first months
The industrial real estate market, particularly in the southern region, held steady in the first months of this year, which experts said was mainly thanks to rebounding imports and exports, and increasing influx of foreign investment.
Government fast-tracks enforcement of housing, real estate business laws
The Government on May 17 issued a Resolution approving the proposal to draft amendments to the Housing Law and the Real Estate Business Law, specifically Clause 1 of Article 197 and Clause 1 of Article 82, respectively.

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