Experts have sounded the alarm over the development of the condotel segment in Vietnam after the first project was forced to revise the ownership duration which it had issued to buyers.
On June 15, 2019, VSIP Bac Ninh organised the handover ceremony of BelHomes for the very first homebuyers at the company’s office.
Banks have been told to pay more attention to property lending, following the policy of the State Bank of Vietnam (SBV) to revise upward the credit risk coefficient applied to loans for buying houses worth over VND3 billion.
Indochina Strategic, Indochina Capital’s real estate advisory arm, was recently recognised as one of Vietnam’s best property consultancy firms at the IPAX Asia Pacific Awards in Bangkok. VIR’s Bich Ngoc talked with Michael Piro, COO of Indochina Capital, about the company’s efforts to be acknowledged by the market and his assessment on its development so far.
Realty credit has soared compared with that of last year. Realty inventories have piled up, signaling rising risks. While inventories are hardly surprising, it remains to be seen how firms will deal with huge debt and rising inventories.
Novaland Expo 2019, the biggest exhibition organised by giant real-estate developer Novaland, opened on Friday at the company’s showhouse centre in HCM City's District 2.
Vertical cities are a potential solution to the world's urban problems, but they have extremely high construction costs. Therefore, only a few vertical cities are developed by enthusiastic and determined investors with strong financial capability.
Condotel developers and buyers will breathe easier later in the year when the legal framework for the new type of property in Vietnam is to be released.
Amendments to the Housing Law should not allow the investors of apartment building projects to manage and use the condo maintenance fund as it may cause disputes between investors and apartment owners, according to the HCMC Real Estate Association (HoREA).
The World Bank (WB) Board of Executive Directors on Wednesday approved a US$194.36 million credit plan to help four secondary cities in Viet Nam build critically-needed municipal infrastructure and strengthen urban planning.