While there are few, if any, signs of the real estate bubble bursting in 2020, the Ministry of Construction said that land prices could increase in some areas.
The local estate market will not see a bubble burst this year, and a land price upsurge is expected in planned special economic zones and new urban areas, the Ministry of Construction told a press briefing on January 2.
It is also unclear as to how the construction of these kind of property was authorized, given the lack of legal framework governing it.
On December 25 in Hanoi, Deputy Minister of Construction Nguyen Dinh Toan chaired the Appraisal Conference of National Urban and Rural System Planning Tasks 2021 - 2030, Vision by 2050.
With many investors getting duped by developers, the HCMC Real Estate Association (HoREA) has proposed amending unreasonable regulations affecting the condotel segment which causes huge losses to secondary investors.
The Ministry of Construction (MoC) on November 28 released its first quarterly report on the domestic real estate market.
On November 27 in Hanoi, the Vietnam Real Estate Association (VNREA) in collaboration with VITV financial and economic television channel organized the 2nd Vietnam Real Estate Forum 2019.
The Ministry of Construction will organize an inspection on the use and management of maintenance funds at residential buildings in Ho Chi Minh City and Hanoi beginning next year.
On November 5, Thai Binh Provincial People's Committee and the Ministry of Construction hold a ceremony to announce the Decision of the Prime Minister approving the Master Plan of Thai Binh Economic Zone till 2040.
On October 29, Deputy Minister of Construction Nguyen Van Sinh had a meeting with the Deputy Minister of Land, Infrastructure, Transport and Tourism of Japan – Mr. Hideki Hirai on smart city development in Vietnam.
Experts believe that in the past 10 years, Vietnam's urban has developed according to three main trends.
Prime Minister has just asked the Ministry of Construction to promulgate regulations on amendments and supplements to construction standards for condominiums, condotels, resort villas, officetels and rooms for rent.
It is necessary to develop strict penalties to combat those operating fraudulent real estate businesses to protect the legitimate rights of consumers and legitimate firms, according to experts.
Housing prices in Ha Noi and HCM City increased slightly in the third quarter, according to an annual report from the Ministry of Construction released at a press conference on September 30.
On October 2nd, at the headquarter of the Ministry of Construction, there was a appraisal meeting to adjust the general planning for construction of Van Don Economic Zone (EZ) to 2040, vision to 2050.