Land fever: bad consequences and new solutions
Since doi moi (renovation) in 1986, the Vietnamese real estate market has witnessed many ups and downs, including four “price fevers” so far.
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Sales of new apartments in Ho Chi Minh City plunged 68 percent quarter-on-quarter to 1,385 units in the first quarter, the lowest in a year.
Industrial parks in southern Vietnam saw a 9 percent increase in average land rent prices in the first quarter compared to the same period last year.
With recent crackdowns on real estate and securities firms, the government has proved a strong determination to put the real estate market on a sustainable growth trajectory.
Since doi moi (renovation) in 1986, the Vietnamese real estate market has witnessed many ups and downs, including four “price fevers” so far.
In the 2018-2020 period, money collected from land auctions increased by 67 percent.
Land prices in Hanoi area surge by 30-50 percent
Q1 foreign investment into real estate surpasses last year’s figure
Commercial banks tighten real estate lending
IFC subscribes to buy about $44 mln bond to be issued by real estate developer Nam ...
Banks deny involvement in Tan Hoang Minh's bond issuance scandal
Positive outlook for real estate M&A in 2022
Hung Thinh to build 695ha tourism entertainment complex in Quy Nhon
More than 90% of Vietnamese are looking to buy a house