Vinhomes Central Park in HCMC (Source: vinhomecity.vn)

Ministry urges strengthening of anti-money laundering in realty

The Ministry of Construction has recently requested the Departments of Construction in cities and provinces to urge enterprises in the real estate sector to report suspicious transactions and cash transactions worth VND300 million (US$13,000) and above.
Some disputes in apartment blocks can be completely solved if local authorities and relevant agencies take the initiative in tackling the issue (Photo: SGGP)

Legal framework needs be improved to solve disputes in apartment blocks

The Ministry of Construction yesterday admitted that disputes and lawsuits occurring in apartment buildings mostly in Hanoi and HCMC have been due to unclear legal documents especially the way of calculating areas of apartments, technical boxes and common and separate parts.
A new apartment block in HCMC (Photo: SGGP)

Real estate inventory value approximates VND26 trillion

Real estate inventory value now approximates VND26 trillion (US$1.14 billion), reducing 16 percent compared to December last year, reported the Ministry of Construction this morning.