The State Bank of Vietnam decided to shorten lending to real estate projects by gradually lowering the maximum ratio of short-term capital used for mid- and long-term lending.
Real estate developer Novaland has asked the Ministry of Construction for help in resuming work on a stalled 32-hectare project in Saigon.
Dusit International has signed an agreement with Vietnamese real estate developers General Technology JSC to build and operate Dusit Tu Hoa Palace near West Lake, Hanoi.
Number of real estate firms in Vietnam registered to suspend operations has increased by almost 37% to 598 enterprises in 2019, according to data from Ministry of Planning and Investment.
- Novaland seeks ministry intervention to revive multi-million dollar HCMC project 1
- As many as 598 Vietnam’s real estate firms register to quit in 2019 2
- Land price expected to fall by 10 – 30% in 2020: ministry 3
- WeWork opens 2 new locations in Ho Chi Minh City: VnEcocomy 4
- Da Nang wants $2 bln golf course, horse racing track: VnExpress 5
- Vietnam central bank tightens real estate lending 6
Price of land plot is expected to drop by 10 - 30% due to the insufficiency of real demand, according to Ministry of Construction.
Second and third locations at Somatus and Lim Tower 3 join first at E.Town Central.
Da Nang City has proposed a golf course and a horse racing complex with a total investment almost $2 billion, with construction to start this year.
Spiritual tourism business activities are attracting more and more capital from real estate giants.
Besides trade war that heat up Vietnam’s industrial realty market, increase in number of foreign tourist to the country is expected to stimulate the tourism property market in 2020.
Despites of impressive GDP growth rate and better per capita income, young Vietnamese people have been struggling for houses due to the increasing prices in the property market.
Though the State Bank of Vietnam asked for tightened control over real estate loans, real estate loans has increased by 14.6% against end of 2018, reaching VND1,500 trillion ($64 billion).
Coworking spaces are expanding in Saigon’s central districts since the limited traditional office space there is unable to meet the growing demand.
As of August, real estate loans expanded 14.58% against the end of 2018 and accounted for 19.14% of total outstanding loans in the economy, according to the State Bank of Vietnam.
The Vietnamese real estate market has seen a sharp increase in the number of transactions involving foreign investors in the wake of the year-long US-China trade war.
Viet Nam's real estate market continues to attract foreign investors because of its growth potential, especially Korean investors.
District 1 in downtown Saigon recorded the highest real estate listing prices in Q3 due to limited supply, a new report says.