Vietnam’s property market with an incomplete legal framework is still nascent compared with those in other countries. Major risks surface when the legal framework improvement fails to keep pace with the rapid evolution of the market. The shortcomings in the legal system and policies related to real estate were one of the crucial factors affecting the development of the market in 2018 and perhaps the years that follow.
Bosch, a leading global supplier of technology and services, is enabling IoT and, as part of it, transforms the cities of the future into vibrant, attractive, and sustainable places for people to be. Bosch is pursuing this vision for Vietnam by pushing ahead its smart city solutions.
Property developer Phu My Hung Development Corporation launched phase two of the Peak in HCM City on Thursday.
Novaland, one of the leading property developers in Vietnam, has set the target of harvesting VND18 trillion ($782.6 million) in its turnover in 2019, up 20 per cent on-year.
The Vietnam Bank for Social Policies (VBSP) has submitted proposals to the Prime Minister on the interest rates for preferential loans to rent and buy social housing or build, upgrade, and repair houses in 2019, with the suggested annual rate of 4.8 percent.
Construction of King Crown Village, a high-end property project, began on Wednesday in HCM City’s District 2.
Best Western Premier Sonasea, the newest beach resort on Vietnam’s famed tropical island of Phu Quoc, is set to open on January 15, 2019.
CapitaLand and Ascendas-Singbridge from Singapore entered a S$11 billion ($8.13 billion) deal to create Asia’s largest diversified real estate group.
In addition to focusing on housing by introducing about 4.400 units, Novaland is set for a major foray into tourism, with 2,300 hospitality units and a tourism service ecosystem on the anvil.
Property developer Alpha King Real Estate Development on Friday opened its sales centre and cultural hub in HCM City’s District 1.