Property News

DA NANG (Homeid)— The central city of Da Nang has decided to revoke two development projects which have been plagued by persistent delays.

DA NANG (Homeid)— More amendments on how to ease house ownership for local people and to develop a sustainable real estate market were proposed at a seminar on draft revised laws on Housing and the Law on Real Estate Business on Friday.

QUANG NINH (Homeid)– Syrena Viet Nam Investment and Development JSC, a member of BIM Group, has produced 80 apartments to be bought through preferential loans in line with the Government's VND30 trillion (US$1.42 billion) support package for the property market.

HCM CITY (Homeid)— A new circular from the Ministry of Construction requires property developers to regularly report on the progress of projects to enable authorities to improve oversight of the industry.

HCM CITY (Homeid)— More foreigners will be allowed to purchase houses in Viet Nam under a recent proposal made by the Ministry of Construction.

HA NOI (Homeid)— Deputy Prime Minister Hoang Trung Hai has asked every province in the country to finish issuing the majority of their certificates on land-use rights, known as ‘red books' in Viet Nam, by the end of the year.

HCM CITY (Homeid)— The HCM City People's Committee and Real Estate Sai Gon Co Ltd recently handed over 114 social housing homes - out of the 233 units at To Hien Thanh apartment building in District 10 - to 100 State officials and members of the armed forces.

HA NOI (Homeid)— The value of the country's real estate currently on sale on the market at the end of June was roughly VND108.77 trillion (US$5.06 billion), down 15.4 per cent against the first quarter, said Deputy Minister for Construction Nguyen Tran Nam.

HA NOI (Homeid) ― The Ministry of Construction announced recently that it was drafting regulations that would require housing developers to take out insurance for homebuyers to protect customer interests, but some experts said this might be unpractical in the current context.

HA Noi (Homeid)— Tax evasion on rental houses has become more common and complicated in Ha Noi, especially in Tay Ho District where the business has developed rapidly.