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Land plots in Thu Thiem New Urban Area got 4-8 times higher than initial price
Land plots in Thu Thiem New Urban Area got 4-8 times higher than initial price

Four land plots in the central area of Thu Thiem New Urban Area were awarded to domestic investors in a bidding session on December 10. Ho Chi Minh City People’s Committee earned a total revenue of more than VND37 trillion ($1.6 billion) from the auction, many times higher than the initial offering price.

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Experts suggest solutions to remove difficulties to real estate business
Experts suggest solutions to remove difficulties to real estate business

Experts in construction have been discussing solutions to the difficulties currently facing the industry in terms of housing development and the wider real estate market. The talks took place as part of a seminar that was held in Ha Noi last week.

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Property sector poised for strong recovery in 2022
Property sector poised for strong recovery in 2022

The strict lockdown situation has taken the wind out of the sails of the property market in the south but experts predict this sector will rebound swiftly in 2022.

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Vietnam's first urban railway enters service
Vietnam's first urban railway enters service

China-backed $900m commuter line in Hanoi opens after 6 year-delay

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Thu Thiem projects gear up for another push forward
Thu Thiem projects gear up for another push forward

Two multi-million dollar ventures for Thu Thiem New Urban Area, both backed by South Korean giants, are picking up the pace after this summer’s restrictions fell into the rear-view mirror.

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Apartment prices to go up 5 – 7 percent annually in 3 years: CBRE
Apartment prices to go up 5 – 7 percent annually in 3 years: CBRE

The primary prices of apartments are likely to increase about 5 – 7 percent annually over the next three years due to higher product positioning and expectations for more launches of high-end apartments in prime and central locations, according to CBRE Vietnam.

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Public investment pushes real estate market
Public investment pushes real estate market

The acceleration of investment in transport infrastructure is the main driving force fueling real estate stocks as many businesses with large land plots located in areas near key infrastructure projects will benefit from this process.

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Real estate groups clamour for integrated digitalisation revamp
Real estate groups clamour for integrated digitalisation revamp

Lack of transparency and synchronous storage processes in market information systems and regulations on data transmission are significant challenges for the digital transformation of the real estate industry.

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