Authorities are making efforts to issue guidance in removing problems for non-nationals when buying property. Lawyer Dinh Tien Hoang from Vietthink Law Firm explains why the number of foreigners who have successfully bought homes in Vietnam remains modest compared to expectations.
Apartment prices in the primary market in HCMC increased by 14.6 percent year-on-year in the first quarter, but stayed the same or even fell in the secondary market.
Fusion Hotels & Resorts has announced today that it has acquired GLOW Hotels & Resorts in a transaction that aims to create one of the region’s strongest hospitality brand and management platforms.
An increase in the number of luxury apartments this year has sparked fears of oversupply and market unsustainability.
Angsana Residences Ho Tram has taken the spotlight in the hospitality market due to its remarkable features, satisfying high-end customers and generating attractive returns.
Industrial real estate developer Kinh Bac City has reported its highest quarterly post-tax profit of VND715 billion ($31 million) in Q1, up 658 percent year-on-year.
At its recent annual general meeting, Novaland has presented an ambitious business plan for 2021 with an estimated revenue of over VND27 trillion ($1.17 billion) and profit of VND4.1 trillion ($177.26 million).
Tens of millions of dollars poured into infrastructure together with new planning projects have added vibrancy to Hanoi’s real estate market, but alongside current rising land prices, developments could cause construction delays or sharp rental increases.
Luxury and high-end residences up and down Vietnam have attracted much interest from foreigners since 2015 when the government permitted non-nationals to own property in the country. Damian Sung (firstname.lastname@example.org), sales director at Asia Bankers Club, discussed with VIR’s Bich Ngoc the recent sentiment regarding such ownership and the prospects involved.
Aqua City benefits from a range of digital transformation solutions and high-tech urban applications deployed by its developer, NovaGroup, and the company's partners.