Property News

While some institutions believe that the Vietnamese real estate market would recover soon after it bottomed out, others think that it is too early to talk about the market recovery.

Vingroup JSC, Vietnam’s largest property developer and mall operator, will look beyond the country’s two biggest cities to build shopping centers and woo the growing number of middle-class consumers.

The long dispute between two main partners on the massive upgrade of Mo Market shopping centre in Hanoi came to a head last week as the sides in the row began preparing legal documents for a potential court case.

Distribution of the Government's VND30 trillion (US$1.4 billion) package for low-cost housing has only seen 1.56 per cent of the total VND470.8 billion distributed, six months after the programme began

Vingroup Joint Stock Company, the largest listed real estate and tourism, hospitality development and management company in Vietnam by market capitalization, and one of the largest listed companies in Vietnam (ticker: VIC), successfully debuted in the international debt capital markets after pricing US$200 million of 4.5-years Reg S / 144A senior notes (the “Notes”) due 2018.

Experts speculate that the real estate market’s big freeze may be showing signs of thawing, with many confident that some segments will see an upsurge activity in 2014.

At the international seminar on smart urban planning and development in Vietnam held in Hanoi on November 7, participants drew the conclusion that a smart city model called green U-City is one of the most effective models to help Vietnam ‘s urban areas develop stably.

The revised law on Real Estate Business, currently being drafted, aims to create stricter regulations to reign in unscrupulous developers and strengthen the rights of property.

A number of obstacles need to be removed to accelerate the disbursement of a $1.4 billion government preferential credit package to low-income homebuyers and corporate customers developing social housing projects.

Some experts have cast doubt on the success of real estate enterprises’ reduction of condo sizes to clear stockpiles, saying that the solution may only help reduce financial burden of homebuyers while it still fails to drag down house prices.