Novaland Group has officially penetrated into the potential tourism real estate market in Cam Ranh City in the central coast province of Khanh Hoa with the launch of its NovaBeach Cam Ranh Resort & Villas project, which covers 23 hectares.
Many property developers in HCM City are moving to neighbouring provinces and cities and even as far away as the central region as city authorities are issuing fewer licences and legal procedures elsewhere are simpler.
The time needed for completing housing approval procedures in HCMC has been reduced to 15 days from the previous 57 days, Nguyen Toan Thang, director of the municipal Natural Resources and Environment, told a meeting today in the city.
The HCMC Real Estate Association (HoREA) has proposed that the Government consider raising the loan interest cap to 25%, from the current limit of 20%, the local media reported.
Resort and recreation complex Grand World Phu Quoc makes its debut today, promising to not only become a destination for tourists coming to Phu Quoc Island but also offer attractive investment opportunities.
The real estate market witnessed multiple exciting activities in both Hanoi and the central coastal city of Danang in 2018, said experts at the real estate consultancy Savills Vietnam in a recent statement.
The central city’s construction department has listed 17 commercial housing projects that allow foreigners to own homes, including eight in Son Tra peninsula and six in the downtown Hai Chau district.
Experts have said improving the transparency of the real estate market is critical to prevent inflated prices and ensure stable development.
The HCMC government’s decision to stop licensing new multistorey apartment building projects in Districts 1 and 3 until 2020 could result in a monopoly among the few investors in projects currently under construction, paving the way for them to raise the prices of apartments, according to the HCMC Real Estate Association (HoREA).
Phu My Hung Development Corporation started 2019 by the introduction of The Peak phase 2 – the last component of the Midtown project on January 17.