Five days after the capital city agreed to grant certificates of land-use rights and house ownership to overseas Vietnamese and foreign home buyers, there have been no signs that anyone is interested.
Vietnam's central bank plans to inject VND30 trillion (US$1.4 billion) into the banking system to offer soft loans to home buyers in an attempt to revive the struggling property market and resolve bad debts.
Housing developers in Vietnam have got the green light from the Construction Ministry to divide large apartments into smaller units of at least 45 square meters for which they expect greater demand.
Vietnam’s property market has not bottomed out and prices may continue to fall, a senior official said, advising homebuyers to wait for some more time before making any purchases.
State intervention is always necessary when the market cannot adjust itself, and the Vietnam’s central bank has begun to take the move, said a senior economist.
The real estate market is still the magnet for foreign direct investment with total registered capital of nearly US$2 billion in 2012, doubling the previous year’s figure, according to the General Statistics Office.
Japanese real estate company and railway operator, Tokyu Corp., has set up a joint venture with Vietnam-based developer, Becamex IDC Corp., to build a Japanese town in Binh Duong, Ho Chi Minh City.
Singaporean real estate players are active in all the segments of Vietnam’s property market, and have been “reaping fruits” in the country over the last many years, according to a report by VietNamNet Bridge.
In addition, Phan Huu Thang, Director ...
Vietnamis a potential investment market with the fastest growth rate in the region for the last decade, at an average growth of 7.8 percent per year.
At the conference in HCM City held by Irving Semina & Training, consultants, researchers and investors ...
