After the third outbreak of Covid-19, house rents in HCMC have plummeted by up to half from pre-pandemic levels.
The serviced apartments at Vinhomes Ocean Park (Gia Lam), with rental prices that could not be more reasonable, are offering an exceptional "three in one" living space serving the demands for living, travelling, and relaxation and are emerging as an ideal destination for intellectuals, including students, teachers, and experts based in the east of Hanoi.
Citics, a Vietnamese property technology startup, has raised $1 million in a pre-series A round from international and domestic investors.
City within a city’ is likely to become a new trend in the housing market this year, experts predict.
The HCM City People’s Council has kept the official land prices unchanged since market prices did not change between 2019 and last year.
At a recent meeting between Ho Chi Minh City People’s Committee and real estate developers, 32 long-delayed projects by 21 developers were discussed to bring about breakthroughs in development.
The just-established Thu Duc city is already witnessing skyrocketing property prices, with hikes of around 30 per cent reminding local authorities of the need for special policies to manage the market.
Population in Phu Quoc likely triples in 2030, resulting high demand for hospitality industry.
The chairman of the HCM City People Committee has pledged to review all housing projects in the city and work out solutions to create a “more transparent, fair and competitive business environment”.
The long process of project approval from competent government agencies and the serious impact of COVID-19 have helped mergers and acquisitions in real estate sector become more active.