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Real Estate

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"Thin ice starts to melt" in Vietnam's real estate market

The real estate sector needs more time to absorb beneficial measures to reduce the two largest obstacles, legal and capital.

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Trading floor for land use rights needed in Vietnam

The establishment of a land use rights trading floor will help this market operate in an open, transparent, healthy and sustainable manner, said experts.

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Interest rates for social housing developers and buyers proposed to be cut

Property market specialists advocated lowering interest rates on loans for investing in or purchasing social housing items to 4.5-6% per year, down from the current 8.2-8.7%.

Average house price in HCMC exceeds $296,000

Average house price in HCMC exceeds $296,000

The median house price in Ho Chi Minh City has reached more than VND7 billion ($296,000), 32.5 times higher than the average annual household income of just VND217 million ($9,110).