Viet Nam has less than half of the low-income houses it targeted for in 2020, according to data from the Ministry of Construction (MoC).
The HCM City People’s Committee has instructed the Department of Natural Resources and Environment to complete procedures required to auction 3,790 resettlement apartments in the Thu Thiem New Urban Area in Binh Khanh Ward, Thu Duc City.
The Ministry of Construction has asked localities to enhance the management of sales of off-plan property before June 15.
The COVID-19 pandemic has left Ho Chi Minh City’s residential leasing industry stagnant. While the number of tenants has dropped dramatically, many high- and mid-end apartments have stayed unoccupied.
Hacom Holdings Investment Joint Stock Company was established in 2005 as a construction and installation enterprise with some 20 employees. The company has since expanded its scale, scope and capacity with 14 member units and over 500 employees across the country, and dozens of large and small projects in numerous fields.
Palm Garden project has started paying back deposits to its homebuyers after the developers failed to kick off the project as promised.
Though the current market of retail space is facing falling rents, many foreign brands look for Vietnam's retail property.
The property market is expected to recover and become more vibrant in 2021-22 when COVID-19 is controlled and many mergers and acquisitions are carried out.
Novaland is in the process of negotiating to sell a residential project in Ho Chi Minh City which will bring about approximately VND40 trillion ($1.74 billion) within this year, with disbursement slated for 2022.
Young people in Ho Chi Minh City have strong demand for affordable housing but the market is critically short on apartments below the VND2 billion ($86,286) pricing point.