The city’s growing population fuels demand for residential property.
A policy allowing foreign individuals and organisations to buy and own houses and construction works in Vietnam will help lure investment and high quality human resources from the outside to the country for national development, according to Nguyen Tran Nam, Chairman of the Vietnam Real Estate Association.
The Marq Roadshow held by Asia Bankers Club on June 27-28 at Grand Hyatt Hong Kong to introduce The Marq, a new luxury condominium situated in the heart of District 1 in Ho Chi Minh City developed by Hongkong Land and An Khang, lured an impressive number of investors from Hong Kong and yielded dozens of actual sales.
Construction began on the Sao Mai Tay Cai Dau New Urban Area project worth VND1.2 trillion (US$52 million) in An Giang Province last Sunday (July 12).
Novaland Group, a giant real-estate developer in the country, has recently been named one among “50 Viet Nam’s Best Performing Companies”, an award by Thien Viet Joint Stock Company and Nhip Cau Dau Tu (Investment Bridge) magazine.
The new launch of condominiums in the second quarter of this year (Q2) nearly tripled that of the previous quarter, showing recovery of sales activities, according to CBRE Viet Nam's quarterly report on the Ha Noi market released on Tuesday at an online press conference.
Hon Hai Technology Group (Foxconn) has proposed the Government to allow enterprises in industrial zones (IZs) to purchase or lease-purchase social housing units for their workers.