Business News

[16-03-2015] The recent resurgence in the country’s residential real estate segment has partially been attributed to the changes in legislation that are set to take affect from July according to industry insiders. Jonathan Tizzard, national head of valuation & research from Cushman & Wakefield  Vietnam expressed his positivity about the changes.

[16-03-2015] Foreign developers have returned to the Vietnamese real estate market with a series of significant investments. Apart from existing experienced real estate developers eager to expand their portfolios, recent times have seen the emergence of new companies willing to test their ambitious development plans.

[12-03-2015] Investors of foreign-investment housing projects, who have not handed over the units to the buyers, will not be allowed to collect more than half of the apartment's value. This is part of a draft regulation of the construction ministry - prepared on the basis of the law on the real estate business – that is now inviting public opinion.

[09-03-2015] The number of new property trading firms established during January and February this year surged 88.8% from the same period last year, according to the General Statistics Office. The real-estate sector also saw a large number of firms resuming operations, up 52.8% from a year ago.

[03-03-2015] Hong Kong-based private-equity, real estate and financial investment player Hamon Group and Vietnamese property company SonKim Land have last week signed an agreement to develop a high-end property project in HCM City's in District 2 called Gateway Thao Dien.

[09-02-2015] The new regulation making it mandatory for property developers to make deposits is hurting both enterprises and home-buyers, as it is expected to be eventually absorbed into the selling price. Le Hoang Chau, chairman of the HCM City Real Estate Association (HoREA), made the remark at a conference to review the real-estate market, which was held in HCM City on Thursday.

[04-02-2015] Foreign investment funds and real estate developers have been looking for cleared land to purchase as the property market is expected to heat up in 2015. A Luxembourg-based investment fund, for example, has been looking for land plots in districts 8, 9, Thu Duc, Binh Tan, Tan Phu and Nha Be.

[03-02-2015] The major difference between Vietnamese-owned and foreign-invested industrial zones (IZs) is that the former aim to lease land to businesses, while the latter, which have had great success, want to provide industrial infrastructure, as required by investors.