No banks had been offering loan packages for businesses associated with Thu Thiem land auction, as a careful examination of the State Bank of Vietnam (SBV) showed.
There is much concern over recent unusual high bids at auctions held by some businesses that could possibly cause some upheaval in the real estate sector as a whole.
The structure of the 45-storey, $230 million Chip Mong Tower on Russian Boulevard near the Techno flyover was finished on January 14, Chip Mong Group said in a statement.
Around 26,000 apartment units are expected to be launched in Ha Noi in 2022, signalling a vibrant outlook for the segment, according to real estate service provider Cushman & Wakefield (C&W) Vietnam.
The luxury and mid-priced apartment segments will continue to lead the market in 2022, while affordable apartments will remain scarce, according to property consultant DKRA Vietnam Joint Stock Company.
Land prices in HCM City are rising sharply, and experts warn this can have negative consequences on public works and housing supply.
The first product posted on this system will be the report on the situation of Vietnam's real estate market in 2021 and the Trends and Challenges forecast for 2022.
COVID-19 has exposed and exacerbated Vietnam’s urbanisation challenges, but also provided an opportunity to invest in innovative and smart technologies to improve the quality of life and economic conditions in society. Dr. Nguyen Quang, former director at the United Nations Human Settlement Programme, aka UN-Habitat, dives into the hurdles of urbanisation and ways to overcome these.
The infrastructure system’s improvement is expected to push the property market forward in the coming years, catching much interest from developers, investors, and end-users.
The real estate group will lose its escrow deposit of VND588.5 billion ($26 million) for unilaterally withdrawing from the purchasing contract.