Illustrative photo:SGGP

City earns nearly VND 8 trillion per year from real estate market.

According to the report of the Ho Chi Minh City People’s Committee to the Ministry of Construction, total budget collection from the city’s real estate sector had swung from 3- 6 percent and hit its peak at nearly 8 percent in 2007, in which the real estate market was overheated, over the total budget revenue.