The fact that savings interest rates are at the lowest level in history has made the cash flow shift to other investment channels, including real estate. This is also one of the reasons that cause land fever in many provinces across the country.
The Ministry of Construction, on March 30, said that it had sent Official Dispatch No.989/BXD-QLN to the People's Committees of municipalities on strengthening the management of the real estate market.
Reviewing the real estate market last year, the Covid-19 pandemic obviously had certain impacts, but the larger factor was the law. It shows that many risks still exist in the market, which needs tackling soon to enter the new year, with the hope of higher development efficiency.
The Central Economic Committee in association with the Ho Chi Minh City Real Estate Association and HCMC Open University held a seminar on developing a transparent and sustainable housing market, promoting the process of urbanization and urban development in Vietnam to 2030, with a vision to 2045, on November 27.
Although the Covid-19 pandemic still negatively affected Vietnam’s stock market, as well as many countries around the world, Vietnam's stock market is recovering with good liquidity, showing that many positive factors have appeared.
The State Bank of Vietnam (SBV) continues to stick with the plan of reducing the proportion of short-term capital used for medium and long-term loans this year, which is considered to be a barrier to the credit of real estate. However, according to the leader of the central bank, this does not mean that it will close the doors and not give loans to this sector but it will only provide capital for effective real estate projects.
According to the Department of Construction of Ho Chi Minh City, from the beginning of last year to now, it has verified 42 projects that are eligible to raise capital for future products of 23,046 houses, including 21,821 apartments, 883 houses and 342 villas, worth more than VND56.25 trillion.
Cambodia’s real estate sector experienced strong growth in the first half of the year, with robust market absorption for landed housing and condominiums.
High land prices and active real estate market in the Mekong Delta city of Can Tho show that the area is considered a gold mine to investors. Problems have arisen, however, with the widespread dispersion of land plots, especially agricultural land, leading to unauthorized constructions and difficulty in management.
