Property News

Vietnam’s Ministry of Construction has proposed that foreigners residing in the country are given more chances to buy homes in Vietnam as part of efforts to reduce inventories in real estate sector.

The revised Land Law was finally passed by the National Assembly last week.

Southern Dong Nai Province's land plot segment is most attractive to investors/speculators.

Downscaling apartment sizes has become one of the easiest ways for property developers to shift large inventories of unsold housing stock.

The real-estate market has shown signs of recovery but difficulties remain, said Minister of Construction Trinh Dinh Dung.

In November, Vietnam had four new FDI projects in the fields of real estate with a total value of approximately $300 million, the highest since the beginning of the year.

South Korea’s Keangnam Vina, developer of Vietnam’s tallest skyscraper, has been accused of illegally using Savills to register apartment sales by a group of apartment owners.

The operator of the country’s tallest hotel is still in question despite the involvement of InterContinental Hotels Group in the project for a few years.

Vietnam’s Ministry of Construction has proposed that foreigners residing in the country are given more chances to buy homes in Vietnam as part of efforts to reduce inventories in real estate sector.

By November 20, more than US$884 million in foreign direct investment (FDI) had been poured into the real estate sector, mostly in newly-registered projects.