A land plot offered for sale in Bung Ong Thoan street, Phu Huu ward, district 9 (Photo: SGGP)

Real estate market reduces fever in HCMC outskirts

Land price has reduced fever in HCMC outskirts after city leaders required police agency to investigate land price fever and tackle brokers for spreading false rumors to rocket the prices and make profit.
 Real estate businesses’ registered capital highly increases in HCMC during the first four months this year (Photo: SGGP)

Registered capital of real estate firms highly increases

HCMC recorded 12,088 domestic firms established with the total registered capital of VND132,600 billion (US$5.83 billion), in which real estate firms’ funds was highest accounting for 38 percent of total in the first four months this year.
Consumer credit accounts for 10 percent of outstanding loans in HCMC. A large amount of these has run into personal house buyers(Photo: SGGP)

Real estate credit in uptrend, SBV continues tightening policies

The State Bank of Vietnam (SBV) has tightened credit flow into the real estate sector which has been in an uptrend since early this year while HCMC Real Estate Association has warned of a virtual fever in property prices in some districts.
HCMC should auction golden land plots: expert

HCMC should auction golden land plots: expert

Chairman of the HCMC Real Estate Association Le Hoang Chau said that in the long term, HCMC should auction golden land including plots in downtown area to bring a big revenue for the city budget and choose qualified investors to implement projects.
Low cost housing demand very large in HCMC: HoREA

Low cost housing demand very large in HCMC: HoREA

HCMC Real Estate Association (HoREA) forecast that the needs of affordable housing, low cost commercial, social housing and low cost apartments for lease will approximate one million apartments in the next decade as current supply has met only 13 percent of total demand in the city.
Efforts going on to reduce housing price in HCMC

Efforts going on to reduce housing price in HCMC

Following efforts seeking solutions to build low cost housing for low income people, HCMC Real Estate Association yesterday hosted a forum themed “Developing low cost social and commercial housing” attended by secretary of the city Party Committee Dinh La Thang.